India's Manufacturing Prowess Rising
Rachita Sharma, Managing Editor, 0
A key pillar of India’s economy, manufacturing contributes approximately 16-17% of the country’s GDP. It powers key sectors namely automotive, pharmaceuticals, consumer durables, engineering etc.
The Indian government has been stressing on the need to strengthen India’s manufacturing capabilities to strengthen our economic progress and reduce reliance on imports. The government’s initiatives such as Make in India and production linked incentive (PLI) schemes are expected to boost manufacturing to account for 25% of GDP in the near future. experts believe that India has the potential to export goods worth $1 trillion by 2030.
Manufacturing is clearly the 'magic lamp' that can strengthen India’s economy going forward. this industry rests on the shoulders of strong leaders who lead with vision and prowess.
One such leader is Chirag Patel is the Joint Managing Director of Phenix Construction Technologies, bringing over 32 years of experience in the construction and pre-engineered building industry.Under his leadership, Phenix has grown from a family run business in Gujarat to a global player, pioneering sustainable, modular steel solutions and exporting to over 21 countries.
Another prolific leader in manufacturing is Satyabrata Satapathy, the Co-founder and CEO of BonV Aero, a deep-tech startup developing heavy-lift eVTOLs for defence and high altitude logistics. An award-winning innovator and alumnus of SRM University and BITS Pilani, he is driving global expansion and championing aerospace indigenisation in India.
The current edition of CEOInsights India spotlights these leaders and features in-depth conversations with them. To know more about their thoughts on leadership and more, read the current edition of CEOInsights India magazine.
Your thoughts are welcome.
One such leader is Chirag Patel is the Joint Managing Director of Phenix Construction Technologies, bringing over 32 years of experience in the construction and pre-engineered building industry.Under his leadership, Phenix has grown from a family run business in Gujarat to a global player, pioneering sustainable, modular steel solutions and exporting to over 21 countries.
Another prolific leader in manufacturing is Satyabrata Satapathy, the Co-founder and CEO of BonV Aero, a deep-tech startup developing heavy-lift eVTOLs for defence and high altitude logistics. An award-winning innovator and alumnus of SRM University and BITS Pilani, he is driving global expansion and championing aerospace indigenisation in India.
The current edition of CEOInsights India spotlights these leaders and features in-depth conversations with them. To know more about their thoughts on leadership and more, read the current edition of CEOInsights India magazine.
Your thoughts are welcome.