MSMEs must embrace technology-led manufacturing

Mumbai, Nov 24

India’s MSMEs Should Prioritize Manufacturing and Local Supply Chain Development: Nivruti Rai, Invest India.

To unlock India’s next wave of economic growth and truly double our GDP, MSMEs must embrace technology-led manufacturing and prioritize robust, local supply chains.

Talking to Bizz Buzz on the sidelines of a PHDCCI event, Nivruti Rai, Managing Director & CEO of Invest India says, “Reducing dependence on global suppliers, especially in sectors like semiconductors, logistics, and advanced manufacturing, is at the heart of our strategy.”

Through platforms like KYO & KYI, Invest India is committed to connecting businesses with investors and technology partners, ensuring that innovation and speed drive our ascent to global leadership, she said.

As India moves towards industrial leadership, it’s vital that our investment strategies sync with industry readiness.

Prior to it, addressing industry leaders at she outlined a bold and strategic vision to accelerate India’s economic transformation through high-quality Foreign Direct Investment (FDI), technology collaboration, and rapid scaling of small and medium enterprises (SMEs).

She stressed that India’s next wave of growth hinges on strengthening manufacturing and building resilient, localized supply chains. She noted that while the country has benefited from its strong services and consumption-led economy, the path to doubling GDP will require MSMEs to shift gears and invest in technology-driven manufacturing capabilities. Reducing dependency on a handful of global suppliers—especially in critical sectors like semiconductors, logistics, and advanced manufacturing—remains central to India’s economic strategy.

Highlighting Invest India’s proactive approach, she introduced KYO & KYI (Know Your Opportunity and Know Your Investors)—a curated global matchmaking platform connecting Indian businesses with potential investors, technology partners, and international market opportunities. The initiative aims to help emerging companies access licensing, capital, and global value chains with greater speed and precision.

She outlined seven high-potential sectors—automotive, electric vehicles, electronics, pharmaceuticals, genetics, biology, and clean energy—where India is primed to scale rapidly. She emphasized that India now presents one of the world’s most compelling markets for investors, offering strong returns, policy stability, and a conducive environment for innovation-led growth. She reaffirmed Invest India’s commitment to guiding global and domestic investors in building long-term, value-driven partnerships.

Rajeev Juneja, President, PHDCCI, says, “we are steadfast in our mission to empower MSMEs- collaborating across chambers, businesses, and agencies, so that local manufacturing, strategic investments, and technology adoption become the foundation of a sustainable and competitive economy for all.”

He echoed Ms. Rai’s view that local manufacturing, supported by strategic capital flow and technology adoption, is key to building a sustainable and competitive economy.

The dialogue between Invest India and PHDCCI marks a significant step toward creating a unified ecosystem in which enterprises of all sizes can thrive. Both organizations expressed a shared commitment to advancing India’s industrial capabilities, deepening global partnerships, and accelerating the country’s journey toward becoming a leading global manufacturing and innovation hub.