Indigenisation Startup Venttup Unveils India's Manufacturing Growth Narrative in Whitepaper during Kerala Innovation Celebration
In a significant move towards India's industrial growth, Venttup, a B2B engineering services startup, has unveiled a comprehensive whitepaper titled 'Building India's manufacturing momentum'. The launch took place at the Kerala Innovation Festival, marking a significant step towards India's ambition of becoming a global manufacturing powerhouse by 2047.
Founded by industry veterans with experience at Hitachi Energy, Siemens Energy, L&T, and Kalpataru Power, Venttup offers localised production of critical engineering solutions and components across the Energy, EV, Aerospace, and Defense sectors. The whitepaper was launched in the presence of industry leaders, policymakers, professors, and mentors, underscoring its importance.
The whitepaper emphasises the need for an ecosystem approach to make India a global manufacturing powerhouse. It recommends a focus on Micro, Small, and Medium Enterprises (MSMEs), which form the backbone of India's manufacturing but face challenges such as lack of end-to-end project management skills, cash flow constraints, limited R&D, and inadequate understanding of latest technologies. Addressing these gaps is critical for accelerating growth.
Public-Private Partnerships (PPP) are another key recommendation. The whitepaper urges the urgent enhancement of collaboration between the government, private sector, and other stakeholders to build a strong manufacturing ecosystem, particularly targeting high-growth industries like Energy, EV, Aerospace, and Defense.
India's potential lies in its tech-led services, tech adoption, and demographic dividend, making it suitable for becoming a hub for intelligent manufacturing, IoT, robotics, AI, and Quantum Computing. To achieve this, the whitepaper recommends leveraging India's abundant skilled manpower, engineering capabilities, and expanding digital infrastructure.
The whitepaper also proposes the development of dedicated industrial corridors to enable co-location of suppliers and manufacturers, improving efficiency and supply chain integration. Additionally, it encourages indigenization of components from prototype to mass production with an emphasis on sustainable and reliable manufacturing practices, supporting self-reliance goals.
Accelerating the adoption of Industry 4.0 technologies can be achieved by offering targeted subsidies and tax incentives to MSMEs for investing in automation, data analytics, and digital tools. The advent of Manufacturing as a Service (MaaS) has the potential to bring global buyers to Indian MSMEs, bridging gaps in supply and demand at scale and enhancing market access for domestic manufacturers.
However, overcoming critical manufacturing challenges including infrastructure gaps, regulatory complexity, limited R&D investment, and skill shortages requires coordinated policy and ecosystem interventions. Bhaskar Majumdar, Managing Partner of Unicorn India Ventures, advocates for developing manufacturing clusters within India to spotlight the prowess of India's manufacturing landscape.
Sanddep Nair, Co-founder & CEO of Venttup, stated that India's manufacturing ecosystem needs private sector partnership to build India into a global manufacturing hub. For more information, visit the Venttup whitepaper at the provided link or visit their LinkedIn page at www.linkedin.com/company/venttup-ventures-private-limited.
The shift in manufacturing towards India is part of the global de-risking strategy post-pandemic, especially from China. India is set to become a global hub for aircraft components manufacturing with a market size of $29.5 billion by 2033, driven by government initiatives like Make in India and Atmanirbhar Bharat. A focus on building sector-specific industrial clusters is recommended to support end-to-end manufacturing for high-growth industries like Energy, EV, semiconductors, and precision engineering.
In conclusion, the whitepaper underscores the need for an ecosystem approach combining technology enablement, skill development, policy support, and collaborative effort to make India a global manufacturing powerhouse by 2047.
- Venttup, a B2B engineering services startup, has emphasized the need for an ecosystem approach in its whitepaper 'Building India's manufacturing momentum', focusing on addressing challenges faced by Micro, Small, and Medium Enterprises (MSMEs).
- The whitepaper recommends leveraging India's abundant skilled manpower, engineering capabilities, and expanding digital infrastructure to position India as a hub for intelligent manufacturing, IoT, robotics, AI, and Quantum Computing.
- Addressing critical manufacturing challenges such as infrastructure gaps, regulatory complexity, limited R&D investment, and skill shortages requires coordinated policy and ecosystem interventions.
- To achieve accelerated growth in the manufacturing sector, the whitepaper suggests offering targeted subsidies and tax incentives to MSMEs for investing in automation, data analytics, and digital tools.
- The whitepaper proposes the development of dedicated industrial corridors and the indigenization of components from prototype to mass production, with an emphasis on sustainable and reliable manufacturing practices.
