India's Position in Global Manufacturing

11 years ago, India made a bet on itself. Today, we're the world's second-largest mobile manufacturer. I remember the excitement when Prime Minister Narendra Modi launched Make in India in 2014. It felt like a bold promise to change how the world sees us, not just as a market, but as makers. Today, after 11 years, I look at the numbers and realize we've actually done it. We've become the global manufacturing force we dreamed of being. Let me share what happened in just four sectors: 📍Electronics boom: → Mobile manufacturing units grew from 2 to over 300. → Production jumped from ₹18,000 crore to ₹5.45 lakh crore. → We went from producing 26% of phones to making 99.2% ourselves. → India now captures 44% of U.S. smartphone imports, while China's share fell to just 25%. 📍Defence strength: → Production reached ₹1,50,590 crore, which is 225% more than the ₹46,429 crore in 2014. → We now build 97% of Navy warships in India. → Defence exports grew 34 times to ₹23,622 crore. We export to over 100 countries. 📍Semiconductor start: → We invested ₹76,000 crore in 10 new projects. → We opened our first 3-nanometer chip design centers in Noida and Bengaluru. → We trained over 60,000 students for semiconductor jobs. 📍Pharma growth: → Exports grew from $15.4 billion to $30.5 billion, a 98% increase. → We send vaccines to over 200 countries. → India supplies 55% to 60% of UNICEF's vaccine needs, 99% of WHO's DPT demand, 52% for BCG, and 45% for measles. We spent decades believing foreign meant better. But today, we're not importing quality anymore. We're exporting it. That smartphone, that car, those medicines - they're world-class because they're Made in India. If the US trusts Indian products, if 200 countries buy our vaccines, why should we look elsewhere? So before you assume imported is better, check the label. You might be surprised to find that the best products are already made right here at home. Support the movement that's making the world take notice. Choose Indian. Choose pride. What industry should India focus on next?

I keep revisiting this Global Manufacturing PMI heatmap because it reveals something balance sheets and earnings calls shows much later! India’s manufacturing PMI has stayed above 55 for last 5 years. January 2026 at 55.4 builds on December’s 55.0. That level signals sustained order inflows, capacity planning, and hiring intent across factory floors. What stands out is consistency 👏 While Europe remains under industrial stress and China stays close to neutral, India continues to expand without sharp reversals. That pattern usually points to a deeper shift rather than a short-term cycle. This suggests manufacturers see India as a reliable place to commit capital. Orders keep flowing. Suppliers remain engaged. Capacity keeps getting added. Electronics, autos, energy equipment, and industrial goods are starting to reinforce each other instead of operating in silos. For leadership teams, this changes the conversation. The next value creation phase sits beyond assembly. It lies in building resilient component ecosystems, strengthening tier-2 and tier-3 suppliers, investing in manufacturing-linked skills, and scaling capital goods and precision manufacturing. Logistics speed and trade access will increasingly separate winners from participants. PMI works like an early warning system for opportunity. Right now, it shows India moving from being a manufacturing destination to becoming a manufacturing anchor. That transition rewards those who position early. #IndiaPMI #Manufacturing #MakeInIndia #GlobalEconomy #EconomicResilience #IndiaGrowth #MSMEs

The share of motor vehicles produced by the top 30 countries in 2023. Key Takeaways for India: Global Car Production (2023) Current Position: India holds 6.3% of global car production, ranking third in Asia after China and Japan. The country is ahead of other Asian nations like South Korea (4.5%) and Thailand (2.0%). Future Infrastructure: Significant investment in transportation infrastructure, including expressways and industrial corridors, is expected to reduce logistics costs and enhance manufacturing competitiveness. Development of dedicated automotive hubs and SEZs (Special Economic Zones) is boosting production capabilities. Electric Vehicle (EV) Demand: Rising demand for EVs, driven by government incentives (FAME II, PLI schemes) and lower costs of renewable energy. India aims to achieve 30% EV penetration by 2030, opening opportunities for EV manufacturing and battery production. Economic Growth (GDP): India’s strong GDP growth (projected at ~6-7% annually) indicates rising disposable incomes, leading to increased car demand. A growing middle class and rapid urbanization further fuel domestic automotive sales. Government Engagement: Policies like ‘Make in India’ and tax benefits attract global automakers. Trade agreements and export promotion measures strengthen India's position as an export hub. Opportunities for India: Global EV Supply Chain: With abundant resources like lithium reserves in Jammu and Kashmir, India can become a key player in the global EV ecosystem. Export Potential: India can increase exports to markets in Africa, the Middle East, and ASEAN regions. Cost-Competitive Manufacturing: India’s low labor costs and skilled workforce offer a competitive advantage over traditional manufacturing hubs. Conclusion: India is well-positioned to enhance its global automotive share, leveraging its economic growth, favorable government policies, and EV adoption trends. The country could potentially reach a 10% share in global car production within the next decade.

The global #semiconductor story today is defined by extreme concentration: 74% of chip manufacturing is controlled by #Taiwan, #SouthKorea, and #China, and nearly 92% of the world’s most advanced chips come from a single company — #TSMC. This concentration is one of the greatest geopolitical vulnerabilities of our time. But for India, it is also a historic opportunity. India is already the world’s second-largest chip design workforce after the US–Taiwan axis. India’s semiconductor market, currently valued at $30–35 billion, is projected to cross $100 billion by 2030. What makes India’s journey extraordinary is that we are not building a single project or a single fab - we are attempting something that only a handful of nations have ever done. 𝐈𝐧𝐝𝐢𝐚 𝐢𝐬 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐬𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐯𝐚𝐥𝐮𝐞 𝐜𝐡𝐚𝐢𝐧 𝐚𝐭 𝐨𝐧𝐜𝐞: wafer fabrication, ATMP/OSAT packaging, design ecosystems, materials and gases, and the talent pipelines required to sustain this industry for decades. 𝐖𝐡𝐲 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐀𝐫𝐞 𝐁𝐞𝐭𝐭𝐢𝐧𝐠 𝐨𝐧 𝐈𝐧𝐝𝐢𝐚? 14+ years of political stability,Trusted partner for USA, Japan, Taiwan, EU, Incentives up to 50% capex subsidy — among the world’s best, Strong domestic demand: AI servers, EVs, telecom, defence, World’s fastest-growing large economy. A complete ecosystem is taking shape: ⚡ Fabs → Dholera⚡ ATMP/OSAT → Sanand, Assam, UP ⚡ SiC fabs → Odisha⚡ Design hubs → Bengaluru, Hyderabad, Noida ⚡ Materials parks → Gujarat, TN⚡ This is the largest semiconductor push by any democratic nation. 💰 ₹1.6 trillion already committed🎯 $100B semiconductor economy by 2030. Alongside these breakthroughs, ATMP and OSAT facilities in Sanand, Assam, and Uttar Pradesh including Micron’s ₹22,516 crore memory packaging plant now position India as one of the fastest-scaling semiconductor packaging destinations globally. What Taiwan built in 40 years -India is attempting in 10, with far larger domestic scale. Semiconductors are not chips.They are the foundation of: ⚡ AI⚡ EV mobility⚡ Space & defence⚡ Telecom & 5G/6G⚡ Medical electronics ⚡ Cloud & data centres ⚡ Smart manufacturing India’s greatest strategic advantage, however, lies in design. With over 2,75,000 semiconductor design engineers and more than 20,000 chips designed every year. Nearly every major global semiconductor leader - #Intel, AMD, #Nvidia, #Qualcomm, MediaTek, #Micron, Texas Instruments — runs mission-critical R&D operations from India. Talent is the backbone of this transformation. Driven by new semiconductor curricula across IITs, NITs, IIITs, and fast-emerging training clusters in Karnataka, Telangana, Kerala, Gujarat, and Uttar Pradesh, India is architecting the world’s largest next-generation semiconductor workforce. And in doing so, the country is positioning itself as one of the world’s most trusted and strategically indispensable nodes in the global semiconductor supply chain.

When ‘Make in India’ was launched, it was heavily focused on scaling, boosting domestic #manufacturing, creating jobs, attracting investment. But something interesting happened along the way. Today, India is no longer just a cost-efficient production base. It’s becoming a global hub for critical, complex, and circular manufacturing. And this transition is about edge. There are three specific edges that are making the world take notice: 1) Critical materials control: India is among the few with refining capabilities for critical minerals. That’s strategic leverage in a supply-constrained world. 2) Circular-first infrastructure: Plants like ours at Runaya aren’t retrofitting for sustainability, rather they’re built for it. 0% waste-to-landfill, zero discharge plants maximized metal recovery- that’s the core business model, not just moral liability. 3) ESG-native compliance: It’s no longer enough to say you ‘care’ about sustainability. Global buyers now expect numbers, reports & data. That means knowing exactly how much water you used, how much CO₂ your plants have emitted, and how much waste you diverted. This shift wasn’t overnight. It’s the result of years of rethinking how we build, from materials to methods to metrics. What this really means is, India is no longer just ‘part’ of the #global value chain. We’re now shaping it. And companies like ours aim to showcase what’s possible when innovation, circularity, and accountability become the foundation. So, the next phase of ‘Make in India’ won’t be defined by scale alone. It’ll be shaped by specialization, trust, and #leadership. And that’s the #India the world is now betting on. #MakeInIndia

𝗜𝗻𝗱𝗶𝗮 𝗜𝗻𝗰. 𝗶𝘀 𝗮𝘁 𝗶𝘁𝘀 𝗺𝗼𝘀𝘁 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲 𝗺𝗼𝗺𝗲𝗻𝘁 𝗶𝗻 𝗵𝗶𝘀𝘁𝗼𝗿𝘆. 𝗜𝗻 𝗙𝗬𝟮𝟱, 𝗜𝗻𝗱𝗶𝗮𝗻 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗿𝗲𝗮𝗰𝗵𝗲𝗱 ₹𝟱𝟬.𝟴𝟴 𝗹𝗮𝗸𝗵 𝗰𝗿𝗼𝗿𝗲 ($𝟲𝟯𝟲𝗕): 𝟭𝟱.𝟰% 𝗼𝗳 𝗚𝗗𝗣, one of the highest profit-to-GDP ratios in the world, alongside the US. Over 30 years, Indian companies have mastered optimising margins under hypercompetitive price points, unreliable regulatory reversals, and persistent geopolitical shocks, generating large positive cash flows at high compounding rates. But the next 15 years must be about a grander vision. As India heads towards $10 trillion in GDP, national dominance will no longer be enough. The new frontier for India Inc. has to be global market share. Look at the signals: 🚗 India is already the 4th largest auto producer. Over FY25, auto companies produced 5 million passenger vehicles, 1 million commercial vehicles, and 24 million two and three-wheelers just in India. We can target $120 billion in combined exports by 2030. 📱 𝗔𝗽𝗽𝗹𝗲 now makes 25% of iPhones in India, reaching China-level yields in under 4 years. The productivity of the Indian workforce can compete with the best globally.  🔋 𝗕𝗬𝗗 employs 110,000 people in R&D, showing how investment in innovation translates into global dominance. This depth of investment has allowed BYD to leapfrog established Western incumbents and secure dominant market share in EVs across geographies. This is the template for India Inc. The next S-curve of value creation is clear: India Inc. must channel today’s surpluses into new capacity development, global GTM, R&D, hyper-scale manufacturing, and training massive new workforces. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲, 𝗻𝗼𝘁 𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗺𝗮𝗿𝗴𝗶𝗻𝘀, 𝘄𝗶𝗹𝗹 𝗰𝗿𝗲𝗮𝘁𝗲 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 $𝟭𝟬𝟬𝗕+ 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗮𝗽 𝘄𝗶𝗻𝗻𝗲𝗿𝘀 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮. The Indian companies that answer this call will rise above the noise and herald a new dimension of value creation. They will define India’s place in the global economy for generations. 👉 Now is the time for India Inc to build for the world. Mohandas Pai 3one4 Capital #India2030 #India2047 #makeinIndia

Over the past decade, global M&A conversations in India followed a predictable direction. International companies acquired Indian capabilities, capacity, and cost advantage. But the narrative is shifting. Quietly, consistently, and now visibly. India is no longer just being acquired. India is acquiring. And the momentum is now showing up through real, high-quality deals. Anupam Rasayan’s definitive agreement to acquire U.S. based Jayhawk Fine Chemicals Corporation of Jayhawk is a strong example of this shift in action. An Indian specialty chemicals company not just scaling capacity at home, but acquiring advanced chemistries, nearshore capabilities, and strategic customer proximity abroad. What we are seeing today is the result of three structural shifts: 1. Capability > Cost Indian companies have moved beyond scale manufacturing to advanced R&D, process innovation, and high-value IP. Global customers now see Indian firms as partners with depth, not just operational efficiency. Anupam Rasayan’s global move reinforces this evolution. 2. Confidence to Compete Globally Indian corporates are no longer waiting for global validation; they are buying it outright. From specialty chemicals to renewable energy and engineering services, Indian companies are acquiring international assets to diversify portfolios and strengthen their global presence. Anupam Rasayan’s expansion is a reflection of that confidence. 3. The Supply Chain Re-Architecture As global companies rebalance supply chains, Indian firms are stepping into leadership roles rather than passive participation. Owning assets abroad is no longer ambition, it is strategic risk management, better customer proximity, and a step towards becoming true global operators. This shift matters because it changes India’s place in the global value chain. We are transitioning from participants to shapers. From capacity providers to capability owners. From regional players to global consolidators. And when Indian companies start acquiring international businesses, as Anupam Rasayan has done, it signals something very clear: India is not just part of the global market anymore. India is helping define it. Know more about the deal: https://lnkd.in/gBpxHs5h LinkedIn | Dishani Mondal

Global firms are shifting countries: Unplug China, Plug Into India! The global manufacturing landscape is undergoing a seismic shift. As a principal consultant, I observe U.S.-China trade tensions as a factor for companies to seek to diversify their supply chains. With India emerging as a top destination for U.S. firms, companies are reducing their dependence on China. Let’s look at the details of the massive shift due to the tariffs of US President Trump: 1. Record Relocation Plans: 30% of U.S. companies in China are actively considering or have started relocating manufacturing or sourcing in 2024, up from 24% in 2022 and 23% in 2017. 2. Export growth: India’s electronics exports have soared from $7 billion in 2019 to $22 billion in 2023. It will grow more quickly and shape India as a manufacturing hub. 3. Major corporate moves: Giants like Apple, Walmart, Amazon, and Cisco are increasing their investments. Apple now assembles about 14% of its iPhones in India and plans to produce 25% of its global smartphones here by 2025. 4. Policy Tailwinds: India’s government is rolling out incentives, building infrastructure, and fast-tracking trade agreements for US firms. Let’s look at the impact on businesses and industries: ✅ Manufacturing and Supply Chains The electronics, pharmaceuticals, chemicals, and consumer goods sectors are rapidly shifting production to India. Indian companies like Dixon Technologies India Limited and PG are partnering with Chinese firms under new JVs where Indian firms hold controlling stakes. 2. Employment and Economy The relocation boom is expected to create millions of new jobs in India’s manufacturing sector. India’s GDP growth rate of 8.7% in 2022, the fastest among major economies. 3. U.S. Corporate Strategy Companies like Apple, Walmart, and Cisco are diversifying supply chains to reduce geopolitical risks and avoid tariffs, and shifting to politically stable countries like India and Japan. 4. Geopolitical and Trade Dynamics The U.S.-China trade war, with China’s internal policies and pandemic-related disruptions, has accelerated decoupling trends. A Boston Consulting Group (BCG) study found U.S. imports from India jumped $23 billion (44%) from 2018 to 2022, and more than 90% of North American manufacturers have already moved some production out of China or plan to do so soon. With Chinese goods facing 125% duties in the U.S. and new trade agreements on the horizon, India is well-positioned to capture a significant share of global manufacturing and supply chain investment. India isn’t just an alternative to China, it’s fast becoming the next global growth engine for manufacturing, exports, and innovation. Have you observed the shift yet? Can India leverage this opportunity? #SupplyChain #Manufacturing #USA #China #India #Business #Strategy

₹91,000 crore for a chip factory in Gujarat. ₹3,700 crore for another one in UP. Six semiconductor plants under construction. By 2026, Tata-PSMC in Dholera will produce 50,000 wafers a month. By 2027, HCL-Foxconn near Jewar Airport will ship 36 million units monthly. Micron is investing $2.75B in Gujarat. Applied Materials, Lam Research, Merck, Linde, all moving in. India’s chip market is projected to grow to $45–50B by the end of 2025. Target: $110B by 2030. 20,000+ skilled jobs. ₹76,000 crore in government backing. But here’s the thing… This isn’t just “Make in India” This is “Make in India, for the world” The same chips that run your phone, your car, your laptop... soon stamped Made in India. From importing everything… to exporting the building blocks of the digital economy. That’s not just manufacturing policy. That’s a generational shift. We’re not just making chips for India. We’re positioning as a trusted partner in the global supply chain. While the world worries about Taiwan and second-guesses China… India becomes the alternative.

In the current geopolitical landscape, India is poised to emerge as a global manufacturing powerhouse. However, to truly claim the 21st century as its own, India must overcome three critical barriers: excessive regulation, corruption, and red tapism in India. The Geopolitical Opportunity: As nations diversify supply chains, India’s demographic dividend, vast market, and industrial potential stand out. Yet, competitors like Vietnam and Mexico are capitalizing faster due to streamlined processes. Challenges to be mitigated ASAP: 1. Excessive Regulation: Archaic rules stifle innovation and growth. Simplifying and digitizing regulatory frameworks can empower businesses to thrive. 2. Corruption: A transparent and accountable system is essential for reducing costs, ensuring efficiency, and building investor confidence. 3. Red Tape: Bureaucratic hurdles deter investors and local entrepreneurs alike. 4. Single-window clearances and streamlined approvals are the need of the hour. Opportunities to be embraced: 1. Economic Growth: A thriving manufacturing sector could create millions of jobs and significantly boost GDP. 2. Global Supply Chain Integration: India could become a critical alternative to China. 3. Sustainability Leadership: Green manufacturing can set India apart as a sustainable industrial leader. It’s time for bold policy reforms and decisive action. India can unlock its full manufacturing potential by eliminating excessive regulation, corruption, and red tape and redefining global dynamics. Let’s work together to make this vision a reality. The world is watching, and the time is now. MyGov India, Piyush Goyal #India #Manufacturing #Geopolitics #EconomicGrowth #Sustainability #Reforms #Innovation