Manufacturing Sector in India

India is the third most sought-after manufacturing destination in the world and has the potential to export goods worth US$ 1 trillion by 2030.

Advantage India

Robust
Demand

*During FY24, India’s merchandise exports reached US$ 437.06 billion, down from US$ 451.07 billion in the previous fiscal.

*By 2030, Indian middle class is expected to have the second-largest share in global consumption at 17%.

Increasing
Investment

*Propelled by growth in priority sectors and driven by favourable megatrends, India’s manufacturing sector has opened itself into new geographies and segments.

*Building on the competitive advantage of a skilled workforce and lower cost of labour, the manufacturing sector is also witnessing an increased inflow of capex and heightened M&A activity, leading to a surge in manufacturing output and resultant increased contribution to exports.

Policy
Support

*India's manufacturing sector is poised to reach US$ 1 trillion by 2025-26, led by Gujarat, Maharashtra, and Tamil Nadu, fueled by investments in automobile, electronics, and textile industries. Government initiatives like Make in India and PLI schemes drive growth, attracting FDI and enhancing industrial infrastructure.

*DPIIT is boosting India's startup ecosystem and manufacturing sector by developing incubators to foster innovation, enhance competitiveness, create jobs, and strengthen the country's self-reliance and global trade position, with support from government initiatives and collaborations between corporates and startups.

Competitive
Advantage

*The positive developments in the manufacturing sector, driven by production capacity expansion, government policy support, heightened M&A activity, and PE/VC-led investment, are creating a robust pipeline for the country’s sustained economic growth in the years to come.

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Last updated: Jul, 2024

Maruti Suzuki

Maruti Suzuki India Limited, subsidiary of Suzuki Motor Corporation, Japan, is India’s biggest car maker with more than 42.75 % market share in the passenger vehicles segment in FY22.

For FY24, the Company posted its highest-ever total sales of US$ 16.2 billion

Company Website

UltraTech Cement

UltraTech Cement Ltd. is the largest manufacturer of grey cement, ready-mix-concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies 'strength', 'reliability' and 'innovation'. Together, these attributes inspire engineers to stretch the limits of their imagination to create homes, buildings and structures that define the new India. The company has a consolidated capacity of 102.75 MTPA of grey cement. The company has 20 integrated plants, 1 clinkerisation plant, 25 grinding units and 7 bulk terminals. Its operations span across India, UAE, Bahrain, Bangladesh, and Sri Lanka. It is also India's largest exporter of cement, reaching out to meet the demand in countries around the Indian Ocean and the Middle East. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has a white cement plant with a capacity of 0.68 MTPA and 2 WallCare putty plants. The company plans to expand cement capacity from nine MTPA to 14 MTPA in Anantapur district and Kurnool district of Andhra Pradesh in 2020.

Company Website

JSW Steel - Manufacuring Sector Company | IBEF

JSW Steel is the flagship company of the JSW Group. The company is a leading integrated steel manufacturer. Currently, one of the fastest growing companies in India, it has a presence in over 100 countries. JSW is also the first company to manufacture high-strength and advanced high-end steel products for its automotive segments.

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