Power of Persistence

India is presently reaping the fruits of her persistence in inching closer to the ‘Make in India’ mission. Our pro-growth manufacturing trade and industrial policies and global rising frangible supply chains are the raison d'être to bring more international companies to the country. Large corporations are setting up shops in India to diversify their manufacturing base and expand their export sources.

In September, for the first time, India’s monthly exports of mobile phones crossed `8,200 crore. Our electronics exports crossed US$16 billion in FY 2021-22, making us the sixth-largest exporter in the world. Mobile phones constitute the largest component of electronics exports from India, and are expected to contribute 50 percent of total electronic exports by next year.

The benefits of implementing the Production Linked Incentive (PLI) scheme are beginning to show. The government's objective is to broaden the electronic manufacturing space and attract global players to set up production bases in India. The aim is to make India a value creator in the supply and value chains rather than just being a commodity exporter. To this end, the Government has modified the `76,000 crore PLI scheme to accelerate investments in the Semiconductor industry and reduce reliance on imports.

Consequently, the burgeoning Electronic sector is slated to provide a plethora of business opportunities for the Indian Manufacturing sector. With all this growth happening, wouldn’t it be fascinating to view up close what all we have come to manufacture and offer to the global market? Hence, the present MMI issue is created to provide a sneak peek into the extensive collection of products and technologies that awaits our manufacturing fraternity at IMTEX 2023 & Tooltech 2023 and Digital Manufacturing, making it a must-attend show for all those belonging to the industry.

We urge you to be part of the face-to-face expo happening at Bangalore International Exhibition Center (BIEC) from January 19-25, 2023, and make the most of it.

SOUMI MITRA
Editor-in-Chief
Modern Manufacturing India
soumi.mitra@magicwandmedia.in