New Delhi, April 28 (IANS). Manufacturing hubs will play an important role in making India a $30-35 trillion economy by 2047. During this period, the share of manufacturing in the country’s GDP will increase to at least 25 percent, which is currently between 16-17 percent. This information was given in an official fact-sheet of the Central Government on Tuesday.
The Center said India’s manufacturing strategy focuses more on the development of integrated manufacturing hubs. These hubs are regional ecosystems combining physical infrastructure, regulatory support, shared facilities and connectivity. These hubs are designed to promote mass production, reduce transaction costs and strengthen long-term manufacturing activities, thereby strengthening India’s position in domestic and global production networks.
According to the official statement, to achieve this goal, the government’s manufacturing policy has turned towards integrated hub development based on infrastructure, to ensure large-scale production, reliability and long-term industrial competitiveness.
There has been a structural change in India’s infrastructure approach, shifting the focus from project-level implementation to system-level planning. This type of system-level planning directly increases the effectiveness of the manufacturing hub by reducing bottlenecks, improving logistics efficiency, and ensuring timely implementation.
The statement further said that the government’s capital expenditure to boost infrastructure creation has increased from Rs 2 lakh crore in FY 2014-15 to Rs 12.2 lakh crore in FY 2026-27.
Global investment trends are increasingly recognizing India as a preferred manufacturing destination. The country is currently the third most in-demand manufacturing hub globally. At the same time, the structure of production is also changing, with medium and high technology activities accounting for 46.3 percent of total manufacturing value added, indicating a gradual shift towards more sophisticated industrial structures.
Small and medium enterprises (MSMEs), comprising 7.47 crore enterprises, account for 35.4 per cent of manufacturing output and form the basis of manufacturing centers across the country. This labour-intensive sector plays an important role in generating employment in the economy and driving economic growth.
To accelerate the pace of development, three chemical parks, seven PM Mitra parks, MSME clusters and Rs 10,000 crore Biopharma Shakti initiative have been proposed in the Union Budget 2026-27.
Whereas industrial corridors like Delhi-Mumbai Industrial Corridor (DMIC), Chennai-Bengaluru Industrial Corridor (CBIC), Amritsar-Kolkata Industrial Corridor (AKIC) and Visakhapatnam Chennai Industrial Corridor (VCIC) are designed to support manufacturing hubs and clusters by improving connectivity and facilitating integrated planning across sectors.
–IANS
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