The Indian manufacturing sector is experiencing a surge in investments, marking a significant milestone in the nation’s economic landscape. According to a report by Colliers, this has poised India’s manufacturing market to reach $1 trillion by 2025-26, with Gujarat becoming India’s manufacturing powerhouse, followed by Maharashtra, then Tamil Nadu.
India’s manufacturing sector has experienced remarkable growth with Foreign Direct Investment (FDI) hitting $17.51 billion in the financial year 2020-21 alone. This showcases the heightened global investor confidence. This success can be attributed to the government’s “Make in India” initiative to foster domestic manufacturing, as well as policies such as the production-linked incentive (PLI) scheme. PLI schemes have helped incentivise various manufacturing industries, including automobiles, electronics, and textiles.
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