NewKerala.com

Key Points

NITI Aayog has developed an ambitious export roadmap to transform India's manufacturing landscape, focusing on hand and power tools. The $25 billion plan aims to significantly increase India's global market share by implementing critical reforms and creating a supportive ecosystem for domestic manufacturers. By simplifying export procedures and improving financial access, the strategy seeks to integrate micro, small, and medium enterprises into international supply chains. This initiative represents a strategic effort to position India as a key global manufacturing and export hub.

Key Points: NITI Aayog's $25B Plan to Boost India Manufacturing Exports

  • NITI Aayog targets $25 billion exports in hand and power tools sector
  • Strategic reforms to enhance global manufacturing competitiveness
  • Currently holding 1% of global hardware export market
  • Aims to integrate MSMEs into global supply chains
2 min read

NITI Aayog's $25 billion export plan to support domestic manufacturers in India: Suman Bery

NITI Aayog unveils strategic roadmap to transform India's hand and power tools sector, targeting $25 billion in global exports

"Our competitiveness is not just about avoiding tariffs - Suman Bery, NITI Aayog Vice Chairman"

New Delhi, April 15

The NITI Aayog’s $25 billion export roadmap to boost India's hand and power tools sector is not just about tapping global opportunities, but about creating the right conditions at home for Indian businesses to thrive, the government think tank's Vice Chairman Suman Bery said on Tuesday.

"Our competitiveness in this field is not just about avoiding tariffs," Bery said at a press conference.

Later, talking to IANS, the NITI Aayog Vice Chairman said: "It’s about making sure that our domestic manufacturers receive the protection and ecosystem they need to compete globally."

He added that India is closer than ever to becoming a key global supplier in this category, and the report outlines a practical path to reach that goal.

The roadmap includes critical reforms such as enhancing testing and certification infrastructure - simplifying export compliance procedures, improving access to finance, and integrating micro, small and medium enterprises (MSMEs) into global supply chains.

These steps are designed to build long-term resilience and reduce friction in the growth path of Indian manufacturers.

"Currently, India holds just over 1 per cent of the global hardware exports market. But with targeted reforms, this figure could grow substantially," he added.

The roadmap aims to unlock over $25 billion in exports in the coming years and is part of NITI Aayog’s larger initiative to identify ‘Global Business Champions’ across sectors and strengthen India’s role in global supply chains.

Federation of Indian Export Organisations (FIEO) President Ashwani Kumar said the hand and power tools sector could become one of the biggest contributors to exports in the next decade.

"This roadmap will have a significant impact on India’s journey towards becoming a developed nation," he told IANS.

NITI Aayog Programme Director Sanjeet Singh told IANS that the next 5-10 years are crucial for India’s transformation.

With the MSME sector evolving rapidly, India has already secured 35 per cent of the export market share in this category.

"The roadmap will make it easier for Indian companies to scale further in global markets," Singh told IANS.

- IANS

Share this article:

Reader Comments

R
Rahul K.
This is exactly what our manufacturing sector needs! 🇮🇳 With proper support, our MSMEs can truly compete globally. The $25 billion target seems ambitious but achievable if all stakeholders work together.
P
Priya M.
While I appreciate the vision, I hope this doesn't turn into another scheme where only big manufacturers benefit. The real test will be how much trickles down to small workshops and artisans.
A
Amit S.
Simplifying export compliance is long overdue! My small tool manufacturing unit spends more time on paperwork than production. If they can actually reduce bureaucracy, this could be game-changing.
N
Neha T.
Love the focus on testing infrastructure! Quality is what will make Indian tools stand out internationally. Maybe we'll finally shake off that "cheap but unreliable" stereotype.
S
Sanjay P.
The roadmap sounds promising but execution is key. We've seen many such plans before. Hope this time there's proper monitoring and course correction mechanisms built in.
K
Kavita R.
As someone who works in export finance, improving access to capital for MSMEs could make a huge difference. Many good manufacturers struggle just because they can't afford the upfront costs of going global.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50