In a major boost to the ‘Make in India’ initiative, the Government of India has received investment proposals of over US$ 3.05 billion till end of August 2015 from various companies. India’s manufacturing sector could touch US$ 1 trillion by 2025. There is potential for the sector to account for 25-30 per cent of the country’s GDP and create up to 90 million domestic jobs by 2025. The Government of India has taken several initiatives to promote a healthy environment for the growth of manufacturing sector in the country.
Let’s take a look at some of the industry challenges:
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