Digital growth is being made possible by enabling online transactions in the B2B space by GlocalBazaar. All MSMEs across various segments can be the torch-bearers of a new and digitally driven India. The one thing that the Indian MSME sector lacked was the option of a platform that could help scale businesses by enabling bulk purchasing in the online space by a mere click of a button. GlocalBazaar is fast filling the gap of such a platform and the results should be seen soon.
The high growth and superstar segments earmarked by the ‘Make in India’ drive are listed below.
Not only has India established itself as a prime destination for automotive manufacture, it has fast emerged as an auto export hub for both small as well as heavy vehicles. Major auto behemoths have set up shop in the country, tying Make in India into the global supply chain. Prominent ‘Made-in- India, for the world’ examples include: Renault’s export of its Kwid to Mauritius, Suzuki’s Baleno to Japan, Honda’s Jazz to South Africa and Volkswagen’s Vento to Mexico.
ELECTRONICS SYSTEM DESIGN & MANUFACTURING
Driven by the Government’s visions of Digital India and ‘Zero Net Imports by 2020’, major efforts are underway to establish India as a global electronics manufacturing hub. From 60 million mobile handsets in 2014-15, India’s mobile manufacturing capacity has increased to 110 million mobile handsets in 2015- 16. With 72 new mobile handset and component manufacturing units set up in last two years, India has emerged as a mobile manufacturing hub. From global giants like Xiaomi, Gionee and Samsung to homegrown Makers like Lava and Micromax, the world is choosing to make its electronics in India.
One of the largest solar power plants is open in Kumuthi in Tamil Nadu. Cochin Airport became the world’s first to operate only on solar power. Under ease of doing business, renewables is now a ‘white industry’, exempting it from environmental clearances. India has embarked on the world’s largest renewable energy expansion programme, with a 175 GW target by 2022, and the world has taken notice. “I’m very optimistic about what could happen with renewable energy in India,” said World Bank Prez Jim Yong Kim.
The widespread availability of raw materials and the presence of a highly-skilled workforce have catapulted India to the top, establishing it as a research and manufacturing hub. India makes its presence felt in the global pharmaceuticals supply chain, as the world’s largest provider of generic medicines accounting for 20% of global export volume. In a big boost for affordable, accessible healthcare, India’s first indigenously-developed, life-saving Rotavirus vaccine Rotavac was launched in 2014.
Food Processing is one of India’s sunrise sectors and is vital to the country’s development, bringing together agriculture and industry. Under Make in India, Ministry of Food Processing is assisting 135 integrated cold chain projects while 7 Mega Food Parks were operationalized. Each creating 5,000 jobs and benefitting 25,000 farmers. The industry is also at the forefront of ease of doing business reforms, from a single dedicated investor facilitation cell to custom clearance reforms.
GlocalBazaar pledges support to the ‘Make in India’ initiative.