Manufacturing in India is at the tipping point of unprecedented growth supported by strategic initiatives like Make in India, Digital India and the focus on Electronics and Defence Manufacturing. The ‘Make in India’ campaign is being envisaged as a key strand of strategy for Indian economic revival and sustained growth. It promises that a boost in the country’s manufacturing capabilities as it embodies the manufacturing led, trade-export-growth model that has to be situated and understood in the context of global production systems.
Indian Manufacturing is expected to touch $1 trillion by 2025 and good support will come for the same will come from the defence offset opportunities that the forecasted spend of Indian defence US$ 250bn will generate over the next decade. The focus on electronics manufacturing will serve as another growth catalyst. All this is expected to open up some very big opportunities for private sector manufacturing in India. MSME’s in the manufacturing sector are are likely to move into a co-developer and co-manufacturer relationship with Indian and International OEM’s supplying them raw materials, components, assemblies, sub-assemblies and outsourced services like machining, screw cutting, surface finishing, design, engineering, prototyping, casting etc.
Infinity Expo is organizing India Manufacturing Week from 22-24 February, 2018 at Bombay Exhibition Centre, Mumbai to create a platform for SME’s to supply products and services to OEM’s, Tier I and Tier II manufacturers. The show will have the following key focus elements: