How Can India's MSMEs Accelerate Growth Through Manufacturing and Local Supply Chains?
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Synopsis
Discover how India's MSMEs are being urged to transition towards a manufacturing-centric approach and enhance local supply chains to fuel the country's economic growth. Industry leaders are advocating for technology investments and global partnerships to ensure a robust future for small and medium enterprises.
Key Takeaways
- Focus on Manufacturing: MSMEs are urged to shift towards manufacturing for economic growth.
- Invest in Technology: Technology-led manufacturing is essential for doubling GDP.
- Local Supply Chains: Strengthening local supply chains reduces reliance on global suppliers.
- Global Partnerships: The KYO & KYI platform fosters connections with investors and partners.
- Strategic Sectors: Seven key sectors are poised for growth and investment.
New Delhi, Nov 22 (NationPress) Industry leaders emphasized the necessity for India’s MSMEs to redirect their emphasis towards manufacturing and fortifying local supply chains as a means to propel the nation into its next phase of economic expansion. This assertion was made during an event hosted by the PHD Chamber of Commerce and Industry (PHDCCI) on Saturday.
Nivruti Rai, Managing Director & CEO of Invest India, presented a visionary strategy aimed at enhancing investment, fostering technology collaboration, and amplifying the scale of small and medium enterprises.
While acknowledging the longstanding advantages of India's robust services sector and domestic consumption, Rai highlighted that in order to doubles the GDP, MSMEs must enhance their investments in technology-driven manufacturing and diminish reliance on a limited number of global suppliers.
This focus is particularly vital for key industries such as semiconductors, logistics, and advanced manufacturing, she remarked.
To facilitate this transition, Rai unveiled Invest India’s innovative platform, KYO & KYI (Know Your Opportunity and Know Your Investors), which aims to link Indian enterprises with global investors, technology collaborators, and emerging market opportunities.
The goal of this platform is to assist businesses in accessing capital, necessary licenses, and global value chains more effectively.
Rai also pinpointed seven sectors poised for rapid growth within India: automotive, electric vehicles, electronics, pharmaceuticals, genetics, biology, and clean energy.
She asserted that India currently presents one of the most appealing environments for global investors, supported by stable policies, promising returns, and a commitment to innovation.
PHDCCI President Rajeev Juneja echoed her sentiments, noting that synchronizing government investment priorities with industry preparedness is paramount.
He further stated that PHDCCI is dedicated to enhancing the MSME ecosystem and concurred that local manufacturing, bolstered by technology and strategic investments, will be fundamental to India’s enduring competitiveness.
The collaboration between Invest India and PHDCCI signifies a concerted effort to cultivate a cohesive ecosystem for businesses of all sizes. Both organizations underscored that improved industrial capabilities, global partnerships, and a focus on innovation will be essential in establishing India as a leading global manufacturing hub.
Point of View
It is clear that India's MSMEs stand at a crucial juncture. The call to focus on manufacturing and local supply chains reflects a strategic response to current economic challenges. It is essential for these enterprises to embrace innovation and collaboration to secure their competitive edge in a global market. The commitment of leaders like Nivruti Rai and organizations like PHDCCI suggests a hopeful trajectory towards sustainable growth.
NationPress
22/11/2025
Frequently Asked Questions
What is the primary focus for India's MSMEs according to industry leaders?
Industry leaders emphasize that India's MSMEs should concentrate on manufacturing and enhancing local supply chains to drive economic growth.
What new platform has Invest India introduced?
Invest India has launched the KYO & KYI platform, designed to connect Indian companies with global investors and technology partners.
Which sectors are identified as having growth potential in India?
The sectors identified for rapid growth include automotive, electric vehicles, electronics, pharmaceuticals, genetics, biology, and clean energy.
