Latest news with #AdvancedManufacturingSummit
Time of India
2 days ago
- Automotive
- Time of India
Manufacturing leap: India should shift from low-cost to innovation; Accel report outlines decade's big opportunity
AI image India's manufacturing industry has a 'rare opportunity to leapfrog global incumbents' by moving away from its low-cost production image and embracing innovation-led growth, according to Accel's Advanced Manufacturing Report 2025, released on Thursday. As per news agency PTI, the global venture capital firm identified precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials as sectors where India could take a leading role, if the right mix of policy support, funding and skilled talent is achieved. The report was launched during Accel's Advanced Manufacturing Summit in New Delhi, which brought together policymakers, business founders, and investors to discuss the country's industrial future. Prashanth Prakash, partner at Accel, called it 'India's once-in-a-generation window' to lead in advanced manufacturing. 'This is not just about scale, it's about sovereignty,' he said, stressing the need to merge policy momentum, deep-tech expertise, patient investment, and world-class skills. The findings indicate that competing purely on low-cost labour is no longer sustainable. Instead, future success will rely on producing complex, high-precision products backed by strong intellectual property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo The report notes that global supply chain shifts, rapid technological changes, and favourable geopolitical conditions are reshaping India's manufacturing prospects. Domestic initiatives, including production-linked incentive (PLI) schemes and fresh R&D incentives, have created what Accel describes as 'the most favourable macro-environment in decades.' However, execution remains a major hurdle. 'Policy tailwinds are necessary but not sufficient,' said Prayank Swaroop, another partner at Accel. He urged Indian founders to adopt a global mindset from the start in terms of product quality, supply chain design, and technology use, adding that 'precision engineering is not a niche anymore — it's the new growth engine.' The report also emphasises the need for risk-tolerant funding to support hardware development, IP creation, and the long product cycles characteristic of advanced manufacturing. It calls for urgent upskilling in areas such as AI-driven design, robotics, additive manufacturing, and IoT-enabled automation. 'Technology adoption will be the ultimate differentiator,' it states, listing AI, automation, advanced simulation, and IoT as essential infrastructure. Prakash concluded, 'If India wants to define its place in the global industrial order, this is the decade to do it… The question is no longer if we can, but whether we will seize the opportunity with the urgency it demands.' Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Economic Times
2 days ago
- Automotive
- Economic Times
India can leapfrog in global manufacturing with innovation-led strategy: Accel report
Synopsis Accel's report highlights India's chance to lead in advanced manufacturing, shifting from low-cost production to innovation. Sunrise sectors like precision engineering and EVs offer leadership potential with aligned policy, capital, and talent. The report emphasizes that competitiveness hinges on complex manufacturing, IP, and technology adoption, urging founders to think globally and prioritize upskilling. TIL Creatives AI generated image. India's manufacturing sector has a rare opportunity to leapfrog global incumbents by moving beyond low-cost production to an innovation-led model, according to Accel's advanced manufacturing report 2025 released on Thursday. Precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials are sunrise sectors where India can take a leadership position, provided policy, capital, and talent align, states the report by the global venture capital firm. The report was unveiled at Accel's Advanced Manufacturing Summit in New Delhi, an event that brought together policymakers, founders, and investors to chart India's industrial future. It concluded that India's manufacturing sector has a rare opportunity to leapfrog global incumbents by going beyond low-cost production to an innovation-led model. "This is India's once-in-a-generation window," noted Prashanth Prakash, partner at Accel. The winners will be those who can integrate policy momentum, deep-tech capability, patient capital, and world-class talent into a coherent strategy, he said. "This is not just about scale, it's about sovereignty," he added. The findings underlined a decisive shift, and observed competing solely on low-cost labour is no longer sustainable, an Accel statement said. Future competitiveness will depend on delivering complex, high-tolerance manufacturing backed by strong intellectual property. Global supply chain realignments, technology disruption, and favourable geopolitics are reshaping India's manufacturing opportunity. Coupled with domestic policy support such as production linked incentive (PLI) schemes and new R&D incentives, this is "the most favourable macro-environment in decades", Accel said. That said, execution remains a critical challenge. "Policy tailwinds are necessary but not sufficient," said Prayank Swaroop, partner at Accel. Founders need to think global from day one, in product quality, supply chain design, and technology adoption, he said, pointing out that precision engineering is not a niche anymore. It's the new growth engine. The report calls for patient, risk-tolerant capital to support hardware development, Intellectual Property (IP) creation, and long product cycles that define advanced manufacturing. It also highlights the urgent need for upskilling in frontier domains such as AI-driven design, robotics, additive manufacturing, and IoT-enabled automation. Technology adoption, it notes, will be the ultimate differentiator, with artificial intelligence (AI), automation, advanced simulation, and internet of things (IoT) now core infrastructure for competitiveness. "If India wants to define its place in the global industrial order, this is the decade to do it. The question is no longer if we can, but whether we will seize the opportunity with the urgency it demands," Prakash added.
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Business Standard
2 days ago
- Automotive
- Business Standard
India can leapfrog in global manufacturing with innovation: Report
India's manufacturing sector has a rare opportunity to leapfrog global incumbents by moving beyond low-cost production to an innovation-led model, according to Accel's advanced manufacturing report 2025 released on Thursday. Precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials are sunrise sectors where India can take a leadership position, provided policy, capital, and talent align, states the report by the global venture capital firm. The report was unveiled at Accel's Advanced Manufacturing Summit in New Delhi, an event that brought together policymakers, founders, and investors to chart India's industrial future. It concluded that India's manufacturing sector has a rare opportunity to leapfrog global incumbents by going beyond low-cost production to an innovation-led model. This is India's once-in-a-generation window," noted Prashanth Prakash, partner at Accel. The winners will be those who can integrate policy momentum, deep-tech capability, patient capital, and world-class talent into a coherent strategy, he said. "This is not just about scale, it's about sovereignty, he added. The findings underlined a decisive shift, and observed competing solely on low-cost labour is no longer sustainable, an Accel statement said. Future competitiveness will depend on delivering complex, high-tolerance manufacturing backed by strong intellectual property. Global supply chain realignments, technology disruption, and favourable geopolitics are reshaping India's manufacturing opportunity. Coupled with domestic policy support such as production linked incentive (PLI) schemes and new R&D incentives, this is the most favourable macro-environment in decades, Accel said. That said, execution remains a critical challenge. "Policy tailwinds are necessary but not sufficient, said Prayank Swaroop, partner at Accel. Founders need to think global from day one, in product quality, supply chain design, and technology adoption, he said, pointing out that precision engineering is not a niche anymore. It's the new growth engine. The report calls for patient, risk-tolerant capital to support hardware development, Intellectual Property (IP) creation, and long product cycles that define advanced manufacturing. It also highlights the urgent need for upskilling in frontier domains such as AI-driven design, robotics, additive manufacturing, and IoT-enabled automation. Technology adoption, it notes, will be the ultimate differentiator, with artificial intelligence (AI), automation, advanced simulation, and internet of things (IoT) now core infrastructure for competitiveness. If India wants to define its place in the global industrial order, this is the decade to do it. The question is no longer if we can, but whether we will seize the opportunity with the urgency it demands," Prakash added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
India can leapfrog in global manufacturing with innovation-led strategy: Accel report
India's manufacturing sector has a rare opportunity to leapfrog global incumbents by moving beyond low-cost production to an innovation-led model, according to Accel 's advanced manufacturing report 2025 released on Thursday. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker Precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials are sunrise sectors where India can take a leadership position, provided policy, capital, and talent align, states the report by the global venture capital firm. The report was unveiled at Accel's Advanced Manufacturing Summit in New Delhi, an event that brought together policymakers, founders, and investors to chart India's industrial future. It concluded that India's manufacturing sector has a rare opportunity to leapfrog global incumbents by going beyond low-cost production to an innovation-led model. "This is India's once-in-a-generation window," noted Prashanth Prakash, partner at Accel. Live Events The winners will be those who can integrate policy momentum, deep-tech capability, patient capital, and world-class talent into a coherent strategy, he said. "This is not just about scale, it's about sovereignty," he added. The findings underlined a decisive shift, and observed competing solely on low-cost labour is no longer sustainable, an Accel statement said. Future competitiveness will depend on delivering complex, high-tolerance manufacturing backed by strong intellectual property. Global supply chain realignments , technology disruption, and favourable geopolitics are reshaping India's manufacturing opportunity. Coupled with domestic policy support such as production linked incentive (PLI) schemes and new R&D incentives, this is "the most favourable macro-environment in decades", Accel said. That said, execution remains a critical challenge. "Policy tailwinds are necessary but not sufficient," said Prayank Swaroop, partner at Accel. Founders need to think global from day one, in product quality, supply chain design, and technology adoption, he said, pointing out that precision engineering is not a niche anymore. It's the new growth engine. The report calls for patient, risk-tolerant capital to support hardware development, Intellectual Property (IP) creation, and long product cycles that define advanced manufacturing. It also highlights the urgent need for upskilling in frontier domains such as AI-driven design, robotics, additive manufacturing, and IoT-enabled automation. Technology adoption, it notes, will be the ultimate differentiator, with artificial intelligence (AI), automation, advanced simulation, and internet of things (IoT) now core infrastructure for competitiveness. "If India wants to define its place in the global industrial order, this is the decade to do it. The question is no longer if we can, but whether we will seize the opportunity with the urgency it demands," Prakash added.
