India has emerged as a favorable destination for heavy manufacturing industries. It offers, ease of doing business, low raw materials and labor costs, cheaper land, and vast pool of skilled and semi-skilled workforce. India’s ongoing focus on promoting the manufacturing sector in the country has also resulted in a number of government schemes providing financial and tax incentives for investors.

One of the flagship programs of the government of India, ‘Make in India’, is focused entirely on promoting the manufacturing sector through friendly policies and ensuring a conducing environment for foreign investment. It has identified electrical machinery, electronic systems, defense manufacturing, biotechnology, construction, automobile, etc. as it ‘focus sectors’.