Prime Minister Narendra Modi has called on Indian businesses to seize emerging opportunities in global supply chains. With geopolitical shifts prompting companies to diversify their manufacturing bases, India is well-positioned to become a preferred alternative to China.
Addressing industry leaders, PM Modi emphasized the importance of leveraging initiatives like ‘Make in India’, ‘Atmanirbhar Bharat’, and the Production Linked Incentive (PLI) scheme to enhance India’s global competitiveness. The government has already introduced reforms to improve ease of doing business, enhance logistics infrastructure, and attract foreign investments.
India’s strengths in manufacturing, skilled labor, and cost efficiency make it a prime destination for companies looking to de-risk their supply chains. Sectors like electronics, automotive, pharmaceuticals, and textiles have witnessed increased foreign investments, further solidifying India’s role in global trade.
With continued policy support, digital transformation, and supply chain innovation, India can position itself as a reliable and resilient manufacturing hub. As companies look for new partners, PM Modi’s vision encourages Indian businesses to step up and integrate with global markets.
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Despite concerns over slow growth in Indian Railways freight loading, Union Railways Minister Ashwini Vaishnaw has reaffirmed that the government's ambitious Mission 3000 remains on track. The initiative aims to achieve 3,000 million tonnes (MT) of cargo by 2030, with major infrastructure projects set to drive exponential growth in railway freight volumes.
“Mission 3000 is still very much in sight. Several projects, once completed, will result in a quantum jump
in railway cargo transportation. For instance, the Sonnagar-Andal quadrupling project will significantly boost freight loading capacity. Similar growth is expected from other infrastructure upgrades,” Vaishnaw stated at a conference in New Delhi.
The Indian government is making record investments of ₹2.5 trillion annually in railway infrastructure to modernize the sector, which had been neglected in the past. To meet its rail freight target, Indian Railways must double its freight output over the next five years, ensuring increased efficiency and improved logistics for businesses across the country.
Explore the latest edition of Journal of Supply Chain Magazine and be part of the JOSC Daily News Bulletin.
Discover all our upcoming events and secure your tickets today.
Journal of Supply Chain is a Hansi Bakis Media brand.