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National Manufacturing Mission to Boost “Make in India” Across Small, Medium, and Large Industries

Written by: Team Angel OneUpdated on: Feb 6, 2025, 1:47 PM IST
Union Budget 2025-26 introduces the National Manufacturing Mission to boost “Make in India,” covering industries of all sizes.
National Manufacturing Mission to Boost “Make in India” Across Small, Medium, and Large Industries
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The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, introduced a National Manufacturing Mission to strengthen India’s manufacturing capabilities. The initiative aims to provide a structured policy framework, execution roadmap, governance model, and monitoring system for both central ministries and state governments. This mission is expected to enhance industrial growth across small, medium, and large enterprises, reinforcing the “Make in India” vision.

Key Objectives of the National Manufacturing Mission

The National Manufacturing Mission is built on 5 core pillars to accelerate industrial progress:

  1. Ease and Cost of Doing Business – Reducing regulatory bottlenecks and streamlining business processes.
  2. Future-Ready Workforce – Developing skills aligned with evolving industry demands.
  3. MSME Growth – Strengthening micro, small, and medium enterprises to foster innovation and economic growth.
  4. Technology Adoption – Encouraging investment in advanced manufacturing technologies.
  5. Quality and Standardisation – Ensuring global competitiveness through superior product quality.

Additionally, the mission will provide strategic support for Clean Tech manufacturing, boosting domestic value addition in sectors such as solar PV cells, electric vehicle (EV) batteries, motors and controllers, electrolyzers, wind turbines, high-voltage transmission equipment, and grid-scale batteries.

Focus Product Scheme for the Footwear & Leather Sector

Recognising the potential of labour-intensive industries, the government has introduced a Focus Product Scheme to enhance productivity, quality, and global competitiveness in India’s footwear and leather industry.

Key Features of the Scheme:

  • Support for Non-Leather & Leather Footwear – The initiative will boost component manufacturing, design capabilities, and machinery production.
  • Employment Generation – The scheme is expected to create 22 lakh jobs.
  • Economic Impact – Projected turnover of ₹4 lakh crore and exports exceeding ₹1.1 lakh crore.

This initiative aims to make India a leading manufacturer in the global footwear and leather industry.

National Action Plan for Toys – Aiming for Global Leadership

To position India as a global hub for toy manufacturing, the government has announced a National Action Plan for Toys.

Key Focus Areas:

  • Cluster Development – Establishing dedicated toy manufacturing zones.
  • Skill Enhancement – Training and upskilling workers to meet global quality standards.
  • Manufacturing Ecosystem – Encouraging the production of unique, innovative, and sustainable toys under the ‘Made in India’ brand.

The initiative aligns with India’s push for self-reliance (Atmanirbhar Bharat) and aims to reduce dependence on imports while promoting domestic toy manufacturers.

Strengthening the Food Processing Sector

The Union Budget 2025-26 also prioritises food processing as part of the broader economic strategy. A National Institute of Food Technology, Entrepreneurship and Management will be established in Bihar, focusing on:

  • Enhancing agricultural value addition to increase farmer incomes.
  • Promoting skill development and entrepreneurship in food processing.
  • Providing employment opportunities in the eastern region under the ‘Purvodaya’ initiative.

This move is expected to boost food processing activities and create a stronger ecosystem for agribusiness.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Feb 6, 2025, 1:47 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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