Industrial Manufacturing Sector
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’.
Why Invest in India
Electronic system manufacturing growing at nearly 26% per year, long-term continued growth expected
Expected to become the 3rd largest construction market by 2025, expected investment of USD 3.9 trillion
Abundance of raw materials in mining, metals/non-metals, petroleum products, food production base, etc.
World’s largest pool of low cost skilled and semi-skilled workforce, cheap land, and good ancillary infrastructure
100% FDI allowed under automatic route. Supported by fiscal and non-fiscal incentives
Regulatory support, including ‘Make in India’ program, from government for investors in manufacturing units