India aims to become a 5-trillion-dollar economy by 2026-27, currently ranking as the world's fifth-largest. However, achieving this requires a fundamental transformation in the manufacturing sector.
The current 17% contribution of manufacturing to GDP needs to be elevated to 25%, not just for economic growth but to generate more jobs.
Focusing on key sectors like Automotive/EVs, FMCG/CPG, Chemicals, Life Sciences, MMC, as well as high-tech manufacturing sectors such as Semiconductors, Mobile Devices, and Data Centers, India must address the existing gaps. This involves developing large-scale manufacturing facilities that not only mass produce for domestic consumption and exports but also be smart to drive efficiency and zero waste.
That can only be achieved by enhancing infrastructure, ensuring safety compliance, tackling trade challenges, and improving productivity.
India Inc should invest in research and development, encourage technology transfers, form global partnerships, and attract private investments. With policy incentives and various initiatives, the Indian manufacturing market has the potential to reach US$1 trillion.
Rockwell Automation, in association with The Economic Times, presents - India Inc On The Move 2024: Smart and Sustainable Manufacturing - Accelerating towards Trillion Dollars and Net Zero.
The fifth edition of India Inc On The Move (IIOTM) will host industry keynotes, industry tracks, technical sessions, and live demos, featuring industry leaders, guest , technocrats, partners and customers.
The day-long event will bring together top industry leaders from across sectors of manufacturing industry, innovators, and policymakers, who will discuss, deliberate and debate on putting India on track for sustainable manufacturing to help meet net zero targets and India’s manufacturing sector’s trillion-dollar contribution to country’s GDP in the near future.
Automotive
Chemicals
Data Centres
FMCG
Warehouses
Life Sciences
Green Hydrogen
Semiconductors
