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Deloitte India expert Easwaran Subramanian has emphasized the importance of focusing on cleantech to boost India’s manufacturing sector under the new tax regime 2025. The national manufacturing mission aims to make cleantech a central part of the industry, which will help diversify manufacturing across different states. This approach is expected to improve the contribution of manufacturing GDP to over 20%, up from the current 16%.
- Cleantech Focus: The focus on cleantech will encourage the use of clean and sustainable technologies in manufacturing, which can improve efficiency and reduce environmental impact.
- Diversifying Manufacturing: By spreading manufacturing across different regions of India, the mission will create more balanced economic growth.
- Boosting Manufacturing GDP: The goal is to increase the manufacturing sector's GDP contribution to more than 20%, enhancing India’s economic strength.
- Improved Exports and Competitiveness: This focus on cleantech will help improve export access, making Indian products more competitive in global markets.
- Value Chain Enhancement: Cleantech adoption will also strengthen the value chain in emerging sectors, such as renewable energy and electric vehicles.
This initiative is expected to drive long-term growth in the manufacturing industry, creating jobs and strengthening India’s position in global markets.
Also Read: Key Takeaways from Union Budget 2025
