Business

India Emerges as a Premier Global Manufacturing Hub, Attracts Global Investors

India's Rise as a Global Manufacturing Powerhouse

Union minister Ashwini Vaishnaw has highlighted India's growing reputation as a global production hub. Speaking at Davos, Vaishnaw emphasized India's appeal for co-creation of technology, development of new applications, and catering to domestic demand.

World looking at India as global manufacturing hub: Ashwini Vaishnaw

Investment and Partnership Opportunities

Vaishnaw, part of a delegation at Davos, discussed various investment proposals with top CEOs. He noted investors' interest in multiple sectors, including technology, tourism, aviation, food processing, and skilling.

Strengthening US-India Relations

Highlighting the importance of the US as a key partner, Vaishnaw spoke about the evolution of US-India relations over the past decade. He mentioned joint technology development, product co-creation, and participation in the QUAD, emphasizing the mutual benefits in technology economy and other sectors.

India's Unified Investment-Friendly Image

Vaishnaw observed the solidarity between NDA and Opposition ruled states at Davos, with all state pavilions aligning with the Centre's Bharat Pavilion. This unity projects India as a resilient and attractive investment destination, with consistent economic growth in the 6-8% range.