Manufacture sector of india

Submitted by: Pragya Kukreti

and Shristy Priya
Submiited to: Dr. Hemraj Verma
Introduction
Manufacturing can be defined as physical or chemical
transformation of material into products on large sacle
using machinery or capital equippments,in contrast to
production of handmade goods for personal use.
30% of economy is of manufacturing sector.
Major sector includes textiles,capital
goods,metals,chemicals,tyres,cements,electronics,etc.
Types of manufacturing sector in india
Capital Goods :refer to products that are used in the
production of other products but are not incorporated into
new products. This industry is the “MOTHER” of all
manufacturing industry and is of strategic importance to
the National security and economic independence.
Consumer Goods: represent final value added products
that are distributed for consumption in mass consumption
markets and which are purchased primarily for
personal ,family and /or household puroses.
Growth of indian manufacturing sector
Contributes one-fourth of total GDP.
Empioys 30% of non-agricultural workforce.
Industrial output valued at US$ 65billion
Rise in growth from from 2.7% in 1998-98 to 9.3% in
2010-11
Significant rise in index of growth for the manufacturing
sector from 6.3%in 2009 to 8.2% in 2011
Must focus
Improving the urban infrastructure.
Ensuring fair competetion.
Acess to global market.
Quality improvement in vocational and higher education.
Increase investment inR&D.
Reduction of import duties
Government Initiatives
The union budget 2021-22 plans on bringing enhancement
to the sector`s domestic growth.It involves the
development of robust infrastructure,logistics and utility
environment.
The Nega Investment Textiles Parks(MITRA) scheme aims
at building world class infrastructure that benefits from
economies of scale and agglomeration.
The implementation of GST will form an attraction from the
investors having formed a common market with a GDP of
US$2.5 trillion and population of 1.32billion.
Future of the Indian Manufacturing Sector
Manufacturing has grown into one of the highest growing
sector in India. Companies today can leverage data from
multiple sources ,transform their existing manufacturing
process to achieve production efficiency at multiple levels
and release new business models.
Revolution is driven by numerous technologies coming
together.It digitalize manufacturing ,value creation
processes and related industries.
The government aims at providing further assistance in
integrating ,monitoring and developing the industry with
advanced practices
Thank you….