The country is expected to rank amongst the world’s top three growth economies and amongst the top three manufacturing destinations by 2020.
Favourable demographic dividends for the next 2-3 decades. Sustained availability of quality workforce.
Strong consumerism in the domestic market.
Strong technical and engineering capabilities backed by top-notch scientific and technical institutes.
The cost of manpower is relatively low as compared to other countries.
Industrial Parks: Every state in India has developed industrial parks for setting up of industries.
National Investment & Manufacturing Zones: NIMZ is a combination of production units, public utilities, logistics, residential areas and administrative services. It would have a processing area, where manufacturing facilities, along with associated logistics and other services and required infrastructure will be located, and a non-processing area, to include residential, commercial and other social and institutional infrastructure.
Special Economic Zones: India has also developed SEZs that are specifically delineated enclaves treated as foreign territory for the purpose of industrial, service and trade operations, with relaxation in customs duties and a more liberal regime in respect of other levies, foreign investment.
Sector specific clusters: like electronic manufacturing clusters, mega food parks etc: The government of India has been promoting the development of sector specific parks.
Country specific zones: The country also have few dedicated zones for industrial units from countries for example Neemrana Japanese Zone etc.
Industrial Corridor: Five industrial corridor projects across India have been identified, planned and launched by the Government of India. These corridors are spread across India, with strategic focus on inclusive development to provide an impetus to industrialization and planned urbanization. In each of these corridors, manufacturing will be a key economic driver and these projects are seen as critical in raising the share of manufacturing in India's Gross Domestic Product (GDP) from the current levels of 15% to 25% by 2025.
Smart Industrial Cities are being developed along the Corridors. These cities are being developed to integrate the new workforce that will power manufacturing and will lead to planned urbanization.