Archive · 10 Sep 2026
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.
Anant Goenka said India can still capture opportunities from diversifying global supply chains.
He cited strong macroeconomic conditions, policy support, lower logistics costs and renewable-power investment.
A Jefferies report identified space, semiconductors, data centres, electronics, solar and aerospace as high-growth sectors.
India is targeting a five-fold expansion of its space economy to $40–45 billion by 2030.
Goenka said companies need faster decisions as volatility, including sharp crude-price increases, disrupts business plans.
- Who
- Anant Goenka, Indian companies and policymakers, with developments cited from a Jefferies report.
- What
- India is being urged to expand manufacturing and capture opportunities created by shifting global supply chains.
- When
- The comments were made at the India Today BRICS Roundtable; the article does not specify a date.
- Where
- At the India Today BRICS Roundtable; the event’s location is not stated.
- Why
- Global companies are seeking diversified supply chains, while India has improving economic fundamentals, policy support and emerging industrial capacity.
- 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.