Anand Mahindra Highlights India's Quiet Manufacturing Revolution Driven by MSMEs
'Underground revolution underway in India': Anand Mahindra explains how thousands of MSMEs are quietly becoming world-class manufacturers
The Economic TimesImage: The Economic Times
Anand Mahindra supports Shubham Mishra's view that India's manufacturing growth is largely driven by medium-scale enterprises (MSMEs) rather than large corporations. He emphasizes the need for better infrastructure and regulatory support to enhance the competitiveness of these businesses, which are becoming increasingly important in global supply chains.
- 01Anand Mahindra stated that India's manufacturing strength is built quietly in workshops and factories, not through flashy headlines.
- 02He emphasized the importance of medium-scale enterprises in India's manufacturing future, which he believes will not rely solely on large corporations.
- 03Mahindra called for improved infrastructure, including better roads and plug-and-play industrial parks, to support MSMEs.
- 04Shubham Mishra noted that India's electronics manufacturing output has surged from around $10 billion in 2014 to over $115 billion today.
- 05Mishra compared India's current manufacturing phase to China's industrial rise, highlighting that significant progress often occurs away from the public eye.
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Anand Mahindra, a prominent Indian industrialist, recently endorsed a post by Shubham Mishra that highlights the significant yet understated growth of India's manufacturing sector, particularly through medium-scale enterprises (MSMEs). Mahindra emphasized that the true strength of manufacturing lies in the quiet progress made in workshops and factory floors, rather than in attention-grabbing headlines. He argued that India's manufacturing future will not solely depend on large corporations but will also be significantly shaped by thousands of MSMEs that are becoming globally competitive.
To support this growth, Mahindra called for enhanced infrastructure, including better roads and plug-and-play industrial parks, as well as faster regulatory approvals to ease operational challenges for these businesses. Mishra's original post pointed out that India's electronics manufacturing has grown dramatically, from about $10 billion in 2014 to over $115 billion today, illustrating the country's increasing importance in global supply chains, particularly in the production of Apple products. He likened India's current manufacturing phase to China's earlier industrial development, suggesting that substantial progress often occurs quietly behind the scenes.
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The growth of MSMEs in India's manufacturing sector could lead to increased job creation and economic development, benefiting local communities.
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