Enhancing Productivity and Competitiveness is Essential

India’s manufacturing revival represents a significant opportunity for economic growth and transformation. By strategically leveraging government initiatives, addressing existing challenges, and investing in skilled labour, the country can establish itself as a key player in global supply chains.

The demand for skilled labour will be substantial, underscoring the need for corporations to establish Centres of Excellence focused on training. These centres should aim to cultivate a sustainable pipeline of talent, equipped to drive digital transformation.

A well-trained workforce will enable companies to execute complex initiatives with efficiency, fostering innovation and ensuring competitiveness in an ever-evolving digital landscape.

To bolster industrial growth, it is essential to develop multiple clusters along coastal regions, ensuring that land is available to companies at reasonable rates. These clusters should provide comprehensive infrastructure, including housing and accommodations for workers, to maximise productivity by addressing fundamental needs. Implementing a plug-and-play model within these clusters would offer ready-to-use infrastructure, allowing SMEs to create an efficient and integrated ecosystem around larger operations.

The integration of advanced technologies and the development of robust industrial clusters will be essential to enhancing productivity and competitiveness.

With a collaborative approach between the government, industry leaders, and educational institutions, India can not only overcome its current obstacles but also pave the way for a resilient and sustainable manufacturing ecosystem.