India, the world’s fifth-largest economy, has always been lauded for its robust tertiary sector. But beneath this service-sector-led growth lies a deeply rooted and vibrant manufacturing industry, or the secondary sector, which has been the country’s backbone for the past 75 years. The significance of manufacturing to India’s economic narrative is profound, and it is high time we shed light on it and promote its strength further.
Dating back to the dawn of independence, the manufacturing sector has evolved from the traditional ‘Swadeshi’ movement to be the hotbed for ‘Make in India’. Our country’s post-independence industrial policy sowed the seeds of a self-reliant manufacturing base, helping it evolve and sustain even in the face of global economic shifts.
The last 75 years have witnessed this sector’s resilience and potential, contributing significantly to the country’s GDP, creating millions of jobs, and facilitating technological advancements. More recently, the ‘Make in India’ initiative has played a crucial role in redefining and revitalizing India’s manufacturing prowess.
Why Should We Promote Manufacturing?
The question of why we should promote manufacturing arises from the essence of its contributions. Notably, the manufacturing sector is a significant source of employment, making it vital for a country with a massive young population like India. Moreover, a strong manufacturing sector can help reduce the economic gap by distributing wealth across the regions. It also aids in reducing our dependency on imports, bolstering India’s position as an export powerhouse.
Furthermore, the manufacturing sector paves the way for technological innovation, enhancing the competitiveness of the Indian economy on the global stage. A thriving manufacturing sector could be a game-changer for India, giving it the edge to elevate its growth trajectory and bring economic prosperity.
Machine Maker: Taking the Lead
Recognizing the importance of promoting the manufacturing sector, Machine Maker, one of India’s foremost media houses, is taking the lead in this endeavor. The media outlet is set to launch a grand initiative, “75 Years | 75 Innovations,” inspired by Prime Minister Narendra Modi’s vision of ‘Make in India’ and ‘Azadi Ka Amrit Mahotsav.’
Running for the next five years, the initiative aims to celebrate and promote the manufacturing sector’s innovations and advancements over the last 75 years. It will culminate in a mega event on the 18th and 19th of August, 2023, featuring 75 breakthrough innovations in Indian manufacturing. The event will also spotlight 75 manufacturing startups, providing them a platform to showcase their innovative products and ideas. It also aims to bring together 75 companies for a Massive Job Fair, promoting employment opportunities in the sector.
The Way Forward
As we look back at India’s manufacturing journey, it’s crucial to look forward too. With initiatives like ’75 Years | 75 Innovations,’ the aim is to ensure that the manufacturing sector continues to grow, innovate, and contribute significantly to India’s economy.
Remember that India’s manufacturing sector is not just about the past – it’s about the future. With the right promotion and support, it can be a significant driver of economic growth and job creation, leading India into a new era of prosperity. And in this endeavour, Machine Maker is setting the right precedent, leading the way in promoting the sector’s immense potential.
Join us as we celebrate and boost the manufacturing sector’s growth and stride towards a brighter, self-reliant India.