The manufacturing sector stands as the cornerstone of India's economic strength, buoyed by initiatives like Make in India and favourable policies facilitating ease of doing business. With the implementation of Production Linked Incentive schemes and government support, India is poised to become a global manufacturing powerhouse, with projections to potentially export goods worth US$ 1 trillion by 2030.
As India embraces Industry 4.0 technologies, including artificial intelligence and the Internet of Things, the manufacturing sector is undergoing a transformation, characterised by increased efficiency and competitiveness. This digital advancement, coupled with rising affluence and demographic dividends, is positioning India for sustained high economic growth and global prominence.
As we chart our course forward, it is important to acknowledge that with economic advancement comes an inevitable increase in energy consumption. This is a direct result of the rising standards of living in our country. Therefore, we must prioritise smart strategic policies, and innovation in the manufacturing sector. Technologies such as artificial intelligence (AI) and the Internet of Things (IoT) have become increasingly prevalent in our daily lives, further emphasising the need for energy efficiency in our operations.
In today's digital age, we are not merely offering lubricants but comprehensive solutions to enhance operational efficiency. Our Mobil Lubricant Analysis program and MachineXT initiative revolutionise lubricant management services, ensuring optimal machine performance and longevity.
India's strategic economic policies, particularly initiatives like Make in India, are helping to boost the country's reputation as a preferred manufacturing destination.
Energy-efficient manufacturing solutions and digital transformation are instrumental in driving India's manufacturing revolution forward. Mobil's DriveX initiative, an on-road Van Activation program, has been instrumental in educating and uplifting a considerable part of the workforce across the country, reaching over one lakh factory workers, and creating awareness about Mobil products.
The Make in India initiative has been instrumental in driving economic growth and development. The manufacturing sector, contributing nearly 17 per cent of India's GDP and providing growing employment opportunities, stands as the backbone of our economy. However, to sustain this momentum and ensure long term success, we should continue to invest in research, innovation, and green policies aligned with our sustainable growth objectives.
We are committed in driving innovation and excellence within the manufacturing sector. By embracing these principles and working collaboratively, we can ensure a brighter and more prosperous future for India and its people.
