New Delhi, July 7: India is emerging as a key global manufacturing destination as companies worldwide look to diversify their supply chains, according to a report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The report highlights that India’s expanding industrial ecosystem, skilled workforce, improving infrastructure, policy reforms, and growing domestic market are strengthening its position in the global manufacturing landscape.
With businesses increasingly adopting a “China plus one” strategy to reduce supply chain risks, India is witnessing greater interest from global manufacturers across sectors such as electronics, automobiles, pharmaceuticals, renewable energy, and advanced technologies.
ASSOCHAM noted that continued investments in infrastructure, ease of doing business reforms, innovation, and skill development will be crucial to further enhancing India’s manufacturing competitiveness.
The report emphasised that India’s integration into global value chains can create new opportunities for investment, employment generation, and sustainable industrial growth.
India’s growing manufacturing capabilities are expected to play a significant role in shaping the country’s economic expansion and strengthening its position in the global supply network.