India’s Manufacturing Landscape in 2024: Key Sectors, Challenges, Competitiveness, and Schemes - US Time Zone

In the last few years, India has risen as a manufacturing hub, driven largely by government initiatives, infrastructure development, digital transformation, a young workforce, and geopolitical uncertainties. The sector attracted the largest share of foreign direct investment (FDI) equity in FY23, with the US as the largest source of FDI at $103 billion. 

Since 2014, the government has been promoting domestic manufacturing by streamlining administrative processes, introducing strategic policy initiatives, and reducing bureaucratic hurdles. These actions have attracted key global players across various industries, including electronics, white goods, semiconductors, etc., positioning India as a favorable investment hub and a reliable alternative in global supply chains.  

Factors such as a large domestic market, lower costs for skilled and semi-skilled workforces, improving infrastructure, and geopolitical considerations have made India one of the top investment destinations for foreign manufacturing companies. However, foreign companies must understand the challenges as well as the opportunities to establish their businesses and experience favorable growth in the country. 

On March 14, Koushan Das, Manager - Business Intelligence, will share insights on India’s manufacturing landscape in 2024 and highlight the importance of the key and emerging sectors, competitiveness in Asia, the importance of MSMEs, and key industrial hubs in the country.

Topics:

• India’s Manufacturing Sector – growth, output, key schemes, exports, challenges.
• Sector Analysis – key sectors, growth drivers, opportunities, capacity utilisation, major sectoral challenges, emerging sectors.
• MSMEs in India – manufacturing share, policy support, challenges.
• Competitiveness – manufacturing wages, labour force, global trade share, FDI.
• Industrial Regions – key states, investment policies, sector strengths.

This webinar is free to attend. Please contact Holly McCleery with any questions. This event is also available in Asian / other European time zones, which you can register for here. 

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