Business Opportunities

Air pollution: India has launched the National Clean Air Plan, which aims to reduce air pollution in identified 131 cities. In addition, India wants to effectively meet and maintain the specified annual average ambient air quality standards in all regions of the country, especially in identified 60 cities by 2029.

Developing Coastal Climate Resilience: India looks to protect the ecosystems of its coastal communities.

Expanding Green Credit Programme: India will continue to play a leading role in the green credit scheme to expand its activities to meet decarbonization requirements.

Initiating National E-Waste Management Programme: India is envisaging a range of initiatives to address the growing concern about the safe disposal of e-waste.

Promoting Afforestation and Agroforestry: India is committed to achieving the target of a carbon sink by enhancing the tree cover. It will launch the Green Aravalli Project, a green corridor to protect and preserve biodiversity in the region and combat desertification.

Protecting Himalayan Ecology: Given the ecological fragility of the Himalayas and the increasing frequency and intensity of natural disasters in the region, India will take a holistic approach to disaster mitigation and resilience in the Himalayan states.

Promoting Sustainable Living: India will strengthen “Mission LIFE” by building a comprehensive database of traditional and contemporary best practices and promoting the global adoption of eco-friendly lifestyles to promote sustainable living around the world.

Promoting Recycling: India is rolling out recycling programs and will institutionalize recycling requirements across all sectors to maximize the recovery of minerals from waste products.

Waterways cleaning: India has a clear plan to clean rivers, ponds and water bodies and creating water-safe cities that leverages best practices for wastewater treatment, aquifer recharge, and planning smart metering to serve bulk consumers. Revitalizing the River plan on the experience of Namami Gange, India is looking to improve the health and cleanliness of all major rivers in phases. India is looking to develop systems to treat water contaminated with arsenic, mercury, industrial pollutants, or other naturally occurring problems, ensuring comprehensive water quality management.

Affordable housing: 50 million + units are planned to be constructed in 5 years

Airports, helipads and aerodromes: India is developing air transport as an alternative means of transport. India has created a 2047 Civil Aviation Master Plan. Under this plan airports shall be transformed into regional international hubs. This will provide single-point connectivity to designated regions worldwide. This will position India as the leading aviation ecosystem of South Asia. Fifty additional airports, heliports, water aerodromes and advance landing grounds will be revived for improving regional air connectivity.

Combating Himalayan River Floods to generate Hydroelectricity: The focus is on holistic measures to mitigate the devastating effects of flooding and utilize hydropower to generate affordable electricity

Developing ASI Monuments: Culturally important Archaeological Monuments will be developed and protected.

Development of Religious and Cultural Sites: New projects will develop religious and tourist sites across the country including Ayodhya.

Global Conference and Exhibition Hubs: Big convention centres across the country is planned to be set up so that these hubs could be utilised by the domestic as well as by the overseas beneficiaries

Holistic Development of Islands: India will transform its islands into a premier global tourist destination by developing world-class beach resorts, maritime adventure activities, and robust coastal infrastructure. Its focus will be on attracting domestic tourists and from around the world.
Sustainable Development of Hill States: It plans to work with the state government and local agencies to develop an exceptional master plan to preserve its pristine beauty and biodiversity, taking into account local geography, to achieve a balanced development of the hilly area.

India - Middle East - Europe economic corridor: This corridor will fuel faster economic growth between India and Europe

Landfill Free Cities: Elimination of open landfills in the existing network of cities is a priority

New industrial townships: New industrial cities, numbering over 100, are pivotal in India's industrial growth, offering modern infrastructure and business-friendly environments. These cities drive economic expansion and job creation. The government's commitment to developing these cities, with investments exceeding $50 billion, aims to catalyze industrial growth and enhance global competitiveness, fostering a conducive environment for businesses.

New Sustainable Cities: Sustainable cities are planned as a major urbanisation plan. These cities will have ample green spaces like parks, playgrounds, Water bodies, and natural spaces, so that cities are more adaptable, sustainable and people-friendly.

Piped natural gas: Pipeline from gas reserves to homes

Resilient Infrastructure for the Coastal areas: It will continue to strengthen the coastline through the development of resilient infrastructure. It will work with the state government and local communities to develop a master plan that keeps in mind the special needs of the coastal area and ensures all facilities.

Roads and Bridges: India's road and bridge infrastructure is a cornerstone of connectivity and economic development, with extensive networks spanning the country. Recent years have seen significant investments in road construction and bridge development, enhancing connectivity and driving economic growth. The government's commitment to investing over $100 billion in infrastructure projects is set to further improve road and bridge infrastructure, boosting connectivity and facilitating trade and commerce.

Satellite Township: Satellite townships are emerging as sustainable urban solutions, alleviating pressure on major cities. With planned infrastructure and amenities, they offer a high quality of life. The government's focus on satellite township development, with investments exceeding $50 billion, aims to decongest cities and promote balanced regional growth, ensuring a better living environment for residents.

Sporting facilities:New sporting facilities are transforming India's sports landscape, providing world-class infrastructure for athletes and enthusiasts. With investments exceeding $10 billion, these facilities are fostering a culture of sports and fitness. The government's commitment to developing new sporting facilities aims to promote a healthier lifestyle and nurture sporting talent, enhancing India's sporting prowess globally.

Sporting facilities: India is bidding for 2039 Olympics

Automobile and EV manufacturing:3 million EV are operational in India. There is room for technology adoption to reduce cost and replace fossils fuel driven vehicle completely.

Biofuel: India's biofuel sector is gaining momentum, driven by government policies aiming for 20% ethanol blending and 5% biodiesel blending by 2030. The country has achieved over 8% ethanol blending and around 5% biodiesel blending. Efforts include promoting non-edible oilseeds and exploring second-generation biofuels for sustainable production.

Cement: The Indian cement industry, boasting a capacity of around 545 million tonnes per annum (MTPA), is poised for robust growth at a CAGR of 6-7%. With a strong focus on infrastructure development and affordable housing schemes, the sector is a key driver of economic progress. India's cement exports to regions like the Middle East, Africa, and South Asia are expected to rise, showcasing its competitiveness in the global market. While challenges such as fluctuating raw material prices exist, the industry's pivotal role in India's infrastructure development and economic growth is undeniable.

Commercial aircraft Manufacturing:This includes developing and manufacturing passenger aircrafts – small, medium and large bodied and helicopters. India is set to transform the air transport sector, which has already become the largest aviation sector in the world.

Engineering goods: The engineering goods sector in India is a vital contributor to the economy, with exports valued at approximately $76 billion in 2020-21. The sector covers a wide range of products such as machinery, electrical equipment, and automotive parts, among others. India's engineering goods are in demand globally due to their quality and competitive pricing. The sector has shown resilience, with exports witnessing a growth of 0.6% in 2020-21 despite the challenges posed by the COVID-19 pandemic. With continued innovation, technological advancements, and government support, the engineering goods sector is poised for further growth, contributing significantly to India's economic development.

Electric and Hydrogen driven buses:India is shifting to renewable energy driven public transport system

Lab grown diamonds: World is increasingly adopting lab grown diamonds in place of the costly mined and natural diamonds

Mobile phone: India has become the largest mobile manufacturer in the world with room for more and technological advancement.

Medical equipment: India's medical equipment sector is rapidly growing, valued at $11 billion in 2020 and expected to grow at 15-20% CAGR. The market is competitive, with domestic and international players. Government initiatives like 'Make in India' and NMDPC aim to boost domestic manufacturing and innovation. Challenges include import dependency and regulatory issues, but with the right policies, India has the potential to become a global hub for medical equipment.

Metals: The metal sector in India plays a crucial role in the country's economic development, particularly in sectors like construction, infrastructure, and automotive industries. Steel production, exceeding 140 million tonnes per annum (MTPA), is a key indicator of the sector's strength. Additionally, the production of over 4 million tonnes per annum of aluminium underscores the diversity and significance of the metal industry.

India's steel exports have been increasing, indicating its competitiveness in the global market. This growth is supported by the industry's focus on efficiency and adoption of advanced technologies. Despite challenges such as volatile raw material prices, the sector's resilience and potential for further growth remain strong, highlighting its importance in driving India's economic prosperity.

Mobile phones: Mobile phone manufacturing in India has seen remarkable growth, with the country emerging as the second-largest mobile phone producer globally. The sector has attracted significant investment, with over 200 manufacturing units set up, creating job opportunities and boosting the economy. India's mobile phone exports have also surged, reaching $3.4 billion in 2020-21. The government's 'Make in India' initiative and production-linked incentive schemes have been instrumental in driving this growth. With a favorable business environment and increasing demand, the mobile phone manufacturing sector in India is poised for continued expansion, further strengthening the country's position in the global market.

Nano Urea: Nano urea, a novel form of urea, is gaining traction in India's agriculture sector. With its potential to enhance crop yields and reduce environmental impact, it aligns with India's sustainable agriculture goals. The government aims to replace 50% of urea with nano urea by 2023, reflecting its commitment to promote this innovation. However, challenges such as scalability and affordability need to be addressed for wider adoption.

Semiconductor and Chip: This is the blue-chip segment under promotional drive

Shipbuilding: India's shipbuilding industry is experiencing growth, supported by government initiatives and rising demand. Major shipyards like Cochin Shipyard and Mazagon Dock are leading this progress. In defense, India aims to indigenize shipbuilding, with key projects like frigates and submarines. Despite challenges, the sector shows promise, with increasing exports and modernization efforts enhancing competitiveness.

Toy manufacturing: India's toy manufacturing sector is experiencing significant growth, with the market currently valued at $1.75 billion and expected to expand at a CAGR of 12-15%. Government initiatives such as the 'Toys (Quality Control) Order' and 'Self-Reliant India Mission' are actively supporting domestic manufacturing and ensuring product quality. Emerging manufacturing hubs like Channapatna and Noida are driving production, particularly focusing on export potential to major markets such as the USA, UK, and Germany. Despite challenges such as high production costs and competition from imports, India's toy industry has the potential to become a major global player with the right support and strategies in place.

Textile: Population increase has fuelled a huge growth in the sector

Augmenting the Health Human Resources: Emphasis is being laid on improving the training capacity of nursing staff, technicians, pharmacists, and nurses.

Accelerating Vaccine Production and Distribution: India is looking to expand support to vaccine manufacturers and biopharma companies to facilitate production and distribution in various capacities, aiming to shorten the vaccine production timeline.

Improving mental health care services: Across the world good mental health a top priority and on the centre stage. India is expanding the scope to take initiatives in the segment

Launching an Emergency and Trauma Care Mission: India is envisaging emergency and trauma care missions to provide real-time and effective care to trauma patients.

Medical health and medicines: India is providing free secondary and tertiary care hospitalisation to approx. 555 million + persons upto an amount of $ 6000 p.a. Over the past decade, 15 AIIMS have been established to provide affordable, quality healthcare to all and the medical network is under constant strengthening to provide quality healthcare across the country. Apart from providing cure the focus is on yoga, fitness, clean air, purified water, and nutritious food to support everyone's overall health.

Overall scenario: India is attracting Medicine manufacturers on a large scale. India is being seen as the manufacturing hub feeding the world with standard and innovative medicines and medical equipment. India will be expanding affordable medicines network by expanding Jan Aushadhi Kendra network to provide high-quality, low-cost medicines. India is focussing on elimination of tuberculosis, leprosy, lymphatic filariasis, measles and rubella, trachoma and kala-azar by promoting timely testing and access to medicines.

Pharma Innovation: A new programme to promote research and innovation in pharmaceuticals is being taken up through centres of excellence. India is inviting industry to invest in research and development in specific priority areas.

Strengthening Ayushman Arogya Mandirs: India is upgrading district hospitals and other secondary care centres.

Atomic Energy: Nuclear energy mix in electrification will be increased with installation of small modular reactors.

Battery Energy Storage System Infrastructure: Private sector investment will be incentivised in large-scale Battery Energy Storage Systems (BESS) infrastructure. This will foster renewable energy integration, grid stability and resilience, and ensure a sustainable and reliable energy future.

Clean energy: Rooftop solar panels are required so that Electric Stoves, Fan, AC, TV are electrified. This will also enable EV charging through solar energy. Industrial scale installations are planned as well if competitive. 180 gb capacity has been installed during the last 10 years.
500 GW production of renewable energy is the target. This will be achieved through the establishment of mega solar parks, wind parks and the Green Energy Corridor projects.

Establishing Smart Grid management: Smart grids integration with advanced technology, installation of smart meters and control centres is planned for efficient and intelligent energy management.

Global Manufacturing Hub in Renewable Energy: Centre of Excellence for clean energy technologies is planned to be set up to position the country as Global Manufacturing Hub for Wind, Solar and Green Hydrogen and scale up Bio-Energy Manufacturing facilities

Green Hydrogen Production: Investment opportunity exists in the segment and technological advancement and expansion in production, with an aim to become a major green hydrogen production hub.

Bullet train: 3 new corridors are planned to be developed in the coming 5 years. The present bullet train infrastructure is being build in the Western India. The planned 3 new sectors are

• North-East to East of India,
• South India
• North India

Loco engines cost effective designs: Passenger train services and goods movement network is expanding at a very fast pace to keep pace with population growth.

Metro connectivity: Metro connectivity is planned to be expanded in 20 + cities in the next 5 years. Metro is being developed and expanded at a very fast pace. Currently the metro route is over 500 kms and 600 kms are under construction. 500 kms expansion is in the pipeline

Passenger friendly coaches: Huge scope exist in the segment for single story coaches and double decker coaches for short and long-haul passenger trains with all modern facilities.

Railway Tracks: Tracks are being expanded @ 5000 kms per year

Redevelopment of Railway stations: More than 1000 small and big Railway stations are planned for expansion or redevelopment in the coming 5 years. 3000 Railway stations have been redeveloped in the past 10 years

Banking: The banking sector in India stands as a pillar of the economy, boasting total assets surpassing $2.7 trillion. Its pivotal role in propelling economic growth is evident through the provision of financial services to individuals, businesses, and the government. Recent years have witnessed remarkable sector expansion, driven by increased rural reach and the adoption of digital banking solutions. To further bolster this growth trajectory, the government has unveiled plans to inject over $20 billion into the banking sector, aimed at enhancing financial inclusivity and bolstering digital infrastructure. Despite facing challenges like non-performing assets (NPAs) and regulatory hurdles, India's banking sector remains resilient, poised for continued evolution and innovation.

Healthcare: The healthcare sector in India is a crucial cornerstone of public welfare and economic prosperity, with an estimated value exceeding $180 billion. This sector serves as a beacon of hope, offering quality healthcare services and innovative solutions. Recent years have witnessed remarkable growth, driven by advancements in medical technology and a dedicated healthcare workforce. The government's commitment to investing over $30 billion in the healthcare sector is poised to further elevate its standards and accessibility. Despite challenges such as infrastructure gaps and disease burden, India's healthcare sector remains steadfast, focused on delivering holistic care and driving progress.

Insurance: The insurance sector in India is a critical financial pillar, with total premiums exceeding $110 billion. It plays a crucial role in offering financial protection to individuals and businesses. Recent years have seen substantial growth, fueled by increasing awareness and innovative product offerings. The government's pledge to invest over $10 billion in the insurance sector is expected to boost market penetration and expand risk coverage. Despite facing challenges like regulatory hurdles, India's insurance sector remains robust and poised for further expansion and innovation.

IT/ITeS: The IT and ITES sector in India is a dynamic contributor to the economy, characterized by its agility and innovation. With revenues surpassing $190 billion, this sector serves as a global hub for technological services and solutions. Recent years have witnessed exponential growth, driven by a skilled workforce and a conducive business environment. The government's commitment to investing over $50 billion in the sector is set to further propel its expansion. Despite challenges such as evolving technologies and global competition, India's IT and ITES sector remains at the forefront of digital transformation, poised for continued success and growth.

Tourism: The tourism sector in India is a vibrant tapestry of cultural heritage and natural beauty, contributing significantly to the economy. With revenues exceeding $30 billion, this sector is a key driver of economic growth and job creation. Recent years have seen a surge in domestic and international tourism, bolstered by government initiatives and infrastructure development. The government's commitment to investing over $20 billion in the tourism sector is expected to further enhance its appeal and accessibility. Despite challenges such as infrastructure constraints and environmental concerns, India's tourism sector remains resilient, offering a myriad of experiences and opportunities for growth.

Achieving Geospatial Data Excellence: India will establish a national registry of geospatial data and a geospatial data exchange to enable industries and start-ups to offer innovative products and services.

Establishing Science Parks: India will establish science parks in various cities to ensure that the spirit of scientific inquiry is within reach.

EV charging stations installation: It is being envisaged in large scale across India

Graphene Mission: India will intensify its graphene-based technology program to develop more use cases and applications.

Space program: India plans to position itself as a leading space power. India will launch Bharat's first manned space mission, Gaganyaan, and send an astronaut to the moon. India will build the Bharatiya Antariksha station (BAS) and will also operate a second launch site for the country. India's goal is to dramatically increase the value of the space economy, position itself as a leading space power, and expand support for countries in the Global South to harness space and space technology services. India will establish a Global Space Academy and a space forum to position itself as a leading space power and assist countries in the Global South in the use of space and space technology services.

Scientific Research Fund: India will set up a $12 billion Fund to provide loans to promote scientific and AI research.

Quantum Tech Frontier: India will implement a national quantum mission to position itself as a global leader in quantum technology, harnessing its potential to revolutionize various industries and lead technological innovation.

Affordable 5G networks and innovative 6G networks: India has connected 200000 Gram panchayat with Bharat net and plans to connect another 50000 in the near future. All land records are being digitised and revenue courts and registration offices are being connected.

Mobile connectivity is increasing very fast. Presently 1151 million mobile connections are there in India for a population of 1.43 billion population