On Friday, Mahindra & Mahindra Managing Director and CEO Anish Shah said India must scale up innovation and collaborate more across businesses, including larger firms, MSMEs, and innovators, to become the center of the global supply chain. At the FICCI annual convention, he said India has the best talent, university innovations, and manufacturing strengths and should not be just a “plus one” to China or Europe.
Shah claimed we had the best talent today. Universities all around India are on the cutting edge of innovation. Right now, we’re the dominant manufacturing nation. “Driving innovation at scale is vital to making that happen,” Shah added. Collaboration between inventors, large enterprises, and MSMEs. The partnership will help India to top manufacturing.
He said that domestic companies like Mahindra and Tata compete with and beat international companies in the domestic auto industry. This defeat encourages them to want to do the same thing in the global market.
Ankur Gupta, Head of India for Brookfield Asset Management and Head of Real Estate for India and the Middle East, says that with better infrastructure, India can be at the center of medical research and semiconductor manufacturing, not just “China plus one.”
“India is a fantastic environment to invest in,” he said, adding that his confidence in the country was “backed up by facts and warrantable development” and was “truly top-notch.”
The multi-stakeholder effort proposes over 50 initiatives in 10 major sectors to sixfold India’s per capita income to Rs 10 lakh by 2030, create 600 million jobs, double the number of women working, cut carbon emissions, and give everyone clean water by 2047.