India’s National Manufacturing Mission is just the catalyst this sector needs | Mint

India's National Manufacturing Mission (NMM), unveiled in the 2025-26 budget, is poised to invigorate the country's manufacturing sector. The initiative aims to enhance productivity, foster innovation, and attract foreign investments. By focusing on cutting-edge technologies and sustainable practices, the NMM seeks to position India as a global manufacturing hub, creating a ripple effect across related industries and boosting economic growth. The mission's strategic framework emphasizes skill development and infrastructure upgrades, crucial for supporting advanced manufacturing processes. It aims to bridge the gap between academia and industry, ensuring a steady pipeline of skilled workers ready to meet the demands of modern manufacturing. Additionally, the NMM includes incentives for research and development, encouraging businesses to innovate and adopt new technologies. The response from industry leaders and economists has been largely positive, with many viewing the NMM as a timely intervention. They believe it could significantly enhance India's competitiveness on the world stage, creating jobs and driving exports. As the mission rolls out, its success will largely depend on effective implementation and collaboration between government, industry, and educational institutions. If executed well, the NMM could be a game-changer for India's manufacturing landscape.

— Authored by Next24 Live