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NITI Aayog has proposed a clear intellectual property (IP) regime and streamlined approval mechanisms for modern technology applications in manufacturing along with cost-effective access to green and reliable energy as part of its 10-year roadmap to develop a future-ready, frontier technology-enabled manufacturing ecosystem in the country. “Systematic, inclusive, and cluster-focused deployment of frontier technologies along with related interventions could take up the share of manufacturing to 25% of GDP from 15-17% now, generate over 100 million jobs, and establish India as one of the top three global hubs for advanced manufacturing by 2035, key milestone towards Viksit Bharat in 2047,” the Aayog said in its report Reimagining Manufacturing: India’s Roadmap to Global Leadership in Advanced Manufacturing, released on Wednesday.The Aayog is of the view that India’s manufacturing sector is constrained by gaps when compared with those in peer nations including inadequate infrastructure in industrial corridors, shortage of highly skilled talent, low investment in research and development, and fragmented supply chains that limit scale and efficiency. “These challenges not only decelerate growth but also prevent firms in India from moving up the global value chain,” it said in the report jointly developed by CII and Deloitte.In order to help Indian organizations, including MSMEs, to rapidly adapt, absorb, and deploy frontier technologies into shop floors, the Aayog has proposed sustained funding by the government and industry for technology innovation to support pilot-to-scale transitions in technologies such as robotics, and advanced materials, shared research and development (R&D) and testing infrastructure to reduce individual capex burdens and promotion of collaborative innovation.Live EventsThe Aayog has identified Artificial Intelligence & Machine Learning, Advanced Materials, Digital Twins and Robotics as high-impact enablers to create a world-class manufacturing ecosystem in India. Under Phase 1 (FY2026 - FY2028), the Aayog recommends positioning advanced manufacturing as a strategic priority under the National Manufacturing Mission (NMM), establishing the Global Frontier Technology Institute (GFTI) in India as a center of excellence (CoE) and developing a future-ready skilling ecosystem through large-scale, modular, and cluster-aligned programs focused on frontier tech capabilities. During Phase 2 (FY2029 - FY2031), it has called for driving ‘servicification of manufacturing’ to transform India’s manufacturing landscape from being a product manufacturer to being a solution provider and during Phase 3 (FY2032 - FY2035) it has proposed continuous monitoring of the maturity level of frontier technologies in India and planning for targeted interventions in the future. “India will not only risk a historic window of opportunity if the country fails to adopt frontier technologies in the high impact sectors but also encounter a potential loss in additional manufacturing GDP to an extent of $270 billion by 2035 and $1 trillion by 2047,” the Aayog cautioned.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onNITI Aayog roadmapValue ChainInnovationfrontier technology in manufacturingmanufacturing GDP growthdigital twins and roboticsArtificial Intelligence in manufacturingskills development in advanced manufacturingNITI AayogCII (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onNITI Aayog roadmapValue ChainInnovationfrontier technology in manufacturingmanufacturing GDP growthdigital twins and roboticsArtificial Intelligence in manufacturingskills development in advanced manufacturingNITI AayogCII(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition123View all Stories
