“Building India’s Manufacturing Momentum” Report Unveils Blueprint for Global Competitiveness
Kochi, Kerala – Engineering services startup Venttup has released a pivotal whitepaper at the Kerala Innovation Festival analyzing India’s manufacturing landscape and proposing actionable strategies to accelerate growth through localization, technology adoption and workforce development. The report comes as India aims to increase manufacturing’s GDP contribution from 17% to 25% by 2030.
Key Insights from the Whitepaper
1. Emerging Opportunities
✅ Aerospace Components: Potential to capture $29.5B market by 2033 (Airbus/Boeing partnerships)
✅ Manufacturing-as-a-Service (MaaS): Startups bridging global buyers ↔ Indian MSMEs
✅ EV & Semiconductors: PLI schemes driving localized supply chains
2. Critical Challenges
⚠ Technology Gap: 60% MSMEs use outdated machinery
⚠ R&D Deficit: India spends 0.7% GDP on R&D (vs China’s 2.4%)
⚠ Skill Mismatch: Only 5% of ITI graduates meet industry needs
5 Strategic Recommendations
1. Sector-Specific Industrial Corridors
- EV hubs in Tamil Nadu/Maharashtra
- Precision engineering zones near defense clusters
- Semiconductor parks with testing facilities
2. Workforce Revolution
🔹 Modernize ITIs with Industry 4.0 labs
🔹 Scale apprenticeships via PPP models
🔹 CoEs for Robotics & Smart Manufacturing
3. Tech Adoption Boost
- Tax breaks for IoT/AI implementation
- Subsidized digital twins for MSMEs
4. R&D Ecosystem Strengthening
- 3X increase in R&D spending (Target: 2% GDP)
- Patent fast-tracking for manufacturing innovations
5. MaaS Scalability
- Cloud manufacturing platforms to aggregate MSME capacity
- Blockchain for supply chain transparency
Global Benchmarks & India’s Position
| Metric | India | China | Target 2030 |
|---|---|---|---|
| Manufacturing GDP Share | 17% | 28% | 25% |
| R&D Investment (% GDP) | 0.7% | 2.4% | 2.0% |
| Aerospace Market Potential | $12B (2024) | $90B | $29.5B |
Industry Reactions
Deepak Kumar, Founder, Venttup:
“India’s manufacturing leap requires triple focus: upgrading MSMEs, incentivizing R&D, and creating sector-specific infrastructure. Our whitepaper provides a playbook for policymakers and industry.”
Manufacturing Expert:
“The MaaS model could be India’s secret weapon – it turns fragmentation into aggregated scale for global buyers.”
Roadmap to 2030
🔹 2024-26: Pilot 2-3 industrial corridors
🔹 2027-28: Achieve 1.5% GDP R&D spend
🔹 2030: Become top-5 global manufacturing nation
Conclusion:
Venttup’s whitepaper delivers a timely, data-driven action plan to transform India into a high-value manufacturing economy. By addressing tech gaps, skills shortages, and R&D deficits, India can realistically target $1 trillion in manufacturing output by 2030.
Download the Full Report: [Venttup Whitepaper Link]
