News Week
Magazine PRO

Company

Global Giants Invest in India’s Growing Manufacturing Sector

Date:

India’s manufacturing sector has undergone a significant transformation, evolving from a focus on domestic production under the “Make in India” initiative to becoming a global manufacturing hub. This shift is evident as major international corporations, including Apple, Google, and Airbus, have expanded their manufacturing operations within the country.

Apple, for instance, has increased its production in India, with exports rising substantially. The company now manufactures high-end products like the iPhone 16 Pro locally, contributing to a nearly 50% surge in smartphone exports during the first ten months of the fiscal year. Similarly, Google has partnered with Dixon Technologies to assemble Pixel smartphones, aiming to more than double its revenue this fiscal year due to the rapid growth in local electronics manufacturing. In the aerospace sector, Airbus has collaborated with Tata to establish India’s first private military aircraft manufacturing plant in Gujarat, marking a significant milestone in defense production.

This industrial expansion is supported by government initiatives such as the “Make in India” program and the development of industrial corridors like the East Coast Economic Corridor (ECEC). These efforts aim to enhance infrastructure, attract foreign investment, and integrate India into global value chains. As a result, India is not only meeting its domestic demands but is also positioning itself as a key player in the global manufacturing landscape.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

12 − nine =

Share post:

Subscribe

spot_img

Popular

More like this
Related

CG Power’s Growth Amid Infrastructure and Technology Investments

​CG Power and Industrial Solutions Ltd. has secured a...

Kolkata Metro’s Growth: IIM-Calcutta to Get Purple Line Connectivity

Kolkata Metro is set to expand its Purple Line,...

NHLML and IWAI Sign MoU for Multi-Modal Logistics Park in Varanasi

Varanasi, India – National Highways Logistics Management (NHLML) and...

BWH Hotels Expands in India with 21 New Hotels, Targeting Secondary Markets

BWH Hotels, the global hospitality chain managing brands like...