Manufacturing Sector in India has emerged as one of the high-growth sectors, with the launching of the ‘Make in India’ program by the Hon’ble Prime Minister of India, Mr Narendra Modi. The aim of the Government of India is to create 100 million jobs in the Manufacturing Sector in the next couple of years, to place India on the world map as a manufacturing hub, and offer global recognition to the Indian economy.
In this article, an attempt has been made to explain various prospects in the field of Manufacturing Industries in India, for budding graduates and postgraduates from different Branches of study.
Over the years manufacturing sector in India has recorded significant potential to provide various jobs to fresh/experienced graduates and postgraduates from different branches of study.
India has the advantage in terms of the availability of raw materials, industrial expertise, and entrepreneurship which enhanced the significant potential to engage in International Markets also.
The government of India has taken various initiatives for the growth of the Manufacturing Sector in our country to promote a healthy environment which has created an impetus for the younger generation, post-completion of their study to hold various positions in the manufacturing industry at different levels.
Despite several challenges like Price Conscious markets, weak infrastructure, and supply chains, with pro-labour incentive processes, India has conventionally been focused on domestic Production and consumption in the Manufacturing sector.
In view of the advancement of technology and keeping pace with the development of other competitive countries across the globe, Indian Giant Manufacturing Industries under the auspices of the Government of India is moving forward to the next and important phase of Industry – Automation, by taking the following major initiatives:
It is evident from the above that India is all set to shift from traditional manufacturing processes to more automated and process-driven manufacturing to increase demand for high-end equipment and machinery. Companies earlier dependent on manpower-oriented production are now looking at automation to reduce uncertainties, cost-effectiveness, and maximize production.
With the growth of automation and robotics in the industrial sector in India such as Manufacturing Industries, Automotive, Food and Beverage, Hospitality, etc. The use of high-end technology in robotics as an intelligent solution also rising rapidly.
India has the potential to bring yet another industrial revolution in almost all sectors, with advanced technology like Artificial Intelligence and Machine Learning (AI & ML) Big Data, the Internet of things, Block Chain, Virtual, Augmented, and Mixed Realities. In India, there are many IIT Institutes in India that are providing Robotics and Automations programs
The size of the manufacturing sector of India within the next 7 years is expected to generate revenues of 1 trillion US Dollars, which would pave the way for more employment generation be it in manufacturing, construction, mining, or any other major business sectors.
Leading Indian Economists believe that the manufacturing sector alone will comprise a quarter of the size of the Indian Economy by the year 2025, against the current 16%, expecting 9 crore new manufacturing jobs to be created over the next 7 years.
Further, the current manufacturing industry extends job opportunities, beyond shop-floor level employees to tertiary levels such as Customer Support, Quality Control, Production Experts, and Management Executives to meet the ever-growing demand and expectations of the Clients/consumers for sustainability in the competitive market.
India has already outpaced Singapore, Canada, and Thailand in the industrial Robot installation markets in the last few years with the robotic start-up ecosystem having witnessed a lot of traction. A note-worthy feature in this context is that the Manufacturing Sector in India is steadily turning to automation and new-age technologies to get in step with Industry 4.0 to boost production.
As has been narrated above, with the initiatives taken by the Government of India, there will be an impetus in the job market in India in the years to come, in all sectors including Manufacturing Industries.
Fresh and experienced Graduates and Postgraduates shall stand a fair opportunity of getting suitable employment in accordance with their educational qualifications and experience in the Production/Manufacturing industry in India, including Robotics, inter alia various other sectors not mentioned here.
Students who plan for their academic career beyond 10+2/12th Class as per their interest and choice must consider the above factors before making his/her choice of study.