NITI Aayog has just given India’s entrepreneurs a unique present \u2013 a database-driven list of places for the next generation of manufacturing business ideas. The government think tank in its report this week identified four sectors \u2013 chemicals, textiles, telecom and networking equipment, and solar PV manufacturing \u2013 as the area\u2019s most suitable for transforming India into a true global manufacturing power. This is no pious rhetoric for entrepreneurs looking out the window for a promising venture. It provides an exact indication of where demand, government support and export potential are colliding today.<\/p>\n
In this article, I have explained the importance of these four sectors, the incentives that the government already offers, the specific businesses entrepreneurs can explore in these four sectors, and the businesses that Indian entrepreneurs have already started in this space. When looking for the next manufacturing business idea this report is a good starting point.<\/p>\n