Summary:

Union Minister Pralhad Joshi expressed optimism about India’s emergence as a global manufacturing powerhouse, highlighting its abundant resources, skilled workforce, and supportive policies. At the launch of Hodek’s third facility in Dharwad, he stated that under PM Modi’s leadership since 2014, India has grown significantly, becoming self-sufficient and poised to join top manufacturers like China and Vietnam.

He emphasized the global demand for Indian talent, noting how countries such as Germany rely on Indian youth to address skill gaps. He urged people to seize opportunities within India’s economic ecosystem. Abhijit Khanvilkar, Hodek’s Director, said the Dharwad units have created around 500 jobs and that the new greenfield plant will boost industrial growth in North Karnataka. He also highlighted Hodek’s sustainability initiatives, including a 155 kWp solar plant and ISO 14001 certification. B.V.R. Subrahmanyam, CEO of NITI Aayog, called for 15% annual manufacturing growth to reach 25% of GDP by 2047.

Source: IBEF

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