As the fourth largest economy racing to be the third largest by 2027, the focus of India today is manufacturing for India and the world. Consequently, the country is on a mission mode to producing and acquiring the cutting-edge technologies of the day. This is also reflected in the new National Manufacturing Mission, announced in the Union Budget 2025-26.
FDI, establishment of manufacturing base in India with TOT (transfer of technology) are key considerations of India’s foreign policy today.
While the Global Capability Centres in India (more than half of the world’s total and about 1900 presently) are driving global innovations in GenAI and engineering R&D, the Ministry for Heavy Industries and Public Enterprises has launched SAMARTH Udyog Bharat 4.0 to rapidly transform manufacturing capabilities with Industry 4.0 practices and increase global competitiveness in the capital goods market