News: The Union Budget 2025-26 has introduced significant initiatives to strengthen India’s manufacturing sector under the “National Manufacturing Mission”.
About National Manufacturing Mission
- The National Manufacturing Mission has been introduced in the Union Budget 2025-26 to boost the manufacturing sector across small, medium, and large industries, further advancing the Make in India initiative.
- Aim: This mission aims to provide comprehensive policy support, execution roadmaps, and a governance framework for central ministries and states.
- A significant component of the National Manufacturing Mission is its focus on Clean Tech manufacturing.
- The initiative aims to enhance domestic value addition and develop an ecosystem for: Solar PV cells, EV batteries, motors, and controllers, Electrolyzers, Wind turbines, High-voltage transmission equipment and Grid-scale batteries.
- By investing in these technologies, the mission seeks to position India as a leader in clean and sustainable manufacturing.
Key Focus Areas of the Mission
The mission will prioritize five key areas to drive industrial growth and enhance India’s global competitiveness:
- Ease and Cost of Doing Business – Reducing bureaucratic hurdles and making operations more cost-effective for industries.
- Future-Ready Workforce – Preparing a skilled workforce to meet the demands of emerging industries.
- Dynamic MSME Sector – Strengthening Micro, Small, and Medium Enterprises (MSMEs) to foster innovation and economic resilience.
- Availability of Advanced Technology – Encouraging technological development and adoption to boost production efficiency.
- Quality Products – Promoting high-standard manufacturing to ensure global competitiveness.
