Union Finance Minister announced National Manufacturing Mission during the Union Budget 2025-26 presentation | Current Affairs | Vision IAS
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    Union Finance Minister announced National Manufacturing Mission during the Union Budget 2025-26 presentation

    Posted 04 Feb 2025

    1 min read

    The mission’s announcement comes as India aims to increase the share of manufacturing in its gross domestic product (GDP) to 25% (target year 2025) from the present 17%.

    About National Manufacturing Mission

    • Mission aim: To support small, medium, and large industries under the “Make in India” initiative.
      • Make in India: Launched in 2014, it aims to transform India into a global hub for design and manufacturing.
    • Mandate: It will include five focus areas: - Ease and cost of doing business, upskilling for in-demand jobs, MSMEs, availability of technology, and quality products.
    • Objectives: Provide policy support, execution roadmaps, and governance frameworks for central ministries & states.
    • Clean Tech Manufacturing: 
      • The Mission will support Clean Tech manufacturing as part of India’s commitment to sustainable development.
      • Aim: Improve domestic value addition and build ecosystem for solar PV cells, EV batteries, motors and controllers, electrolyzers, wind turbines, very high voltage transmission equipment and grid scale batteries.

    Significance: Counter China’s dominance in the clean tech space; Integration of India’s economy with Global Supply Chains.

    • Tags :
    • National Manufacturing Mission
    • Clean Tech Manufacturing
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