2 hrs ago

India’s manufacturing opportunity grows as global supply chains shift

Many companies are trying to avoid relying on only one country for their supplies.

Anant Goenka said this creates a chance for India to manufacture more goods.

He said India has strong economic conditions, improving business rules and government support.

Six promising areas include space, semiconductors, data centres, electronics, solar power and aerospace.

India hopes its space industry will reach $40–45 billion by 2030.

Semiconductor investments of about $20 billion are already committed, according to the article.

Data-centre capacity could grow from about 2 gigawatts to 10 gigawatts in five years.

Goenka also warned that companies must make decisions quickly when prices and global conditions change.

Key facts

Manufacturing opportunity: Goenka said the opportunity from global supply-chain diversification is still available for India to capture.
High-growth sectors: Space, semiconductors, data centres, electronics, solar and aerospace.
Space-economy target: India is targeting a five-fold expansion to $40–45 billion by 2030.
Semiconductor investment: Around $20 billion in capital has been committed, with a fabrication plant and multiple OSAT projects progressing.
Data-centre growth: Capacity is expected to rise from around 2 GW to 10 GW over five years, representing a potential $45 billion investment opportunity.
Electronics value addition: Domestic value addition in mobile components could increase from below 20% to nearly 50% over six years.
Corporate response: RPG created rapid-response teams that meet every three days on materials, factory operations and employee safety.

businesstoday.in · 15 hrs ago