Manufacturing, Innovation And More: How The India Story Is 'No Longer Just About Costs'
Last Updated:
Italian lighting major iMoon has recently announced plans to establish its first international manufacturing base in India.
India's status as a manufacturing and innovation hub is gaining new momentum as multinational giants intensify their presence in the country. From tech-driven surveillance systems to premium lighting solutions and software growth, Indian and global firms are increasingly recognising India not just as a vast consumer market, but as a critical part of their global production and innovation chains.
Honeywell Unveils 'Made in India' CCTV Camera Line
In a strategic move to localise production and tap into India's growing demand for smart security systems, Honeywell has launched its first 'Made in India' range of CCTV cameras. The new line has been designed, engineered, and manufactured entirely in India.
'Honeywell's commitment to the government's 'Make in India' vision is not just about domestic assembly. This is full-scale R&D, design, and production, catering to Indian and global markets," said Ashish Modi, President, Honeywell India.
The company aims to serve both enterprise and consumer segments with its advanced surveillance products, while also reducing dependence on imports. The move comes as India's demand for smart city infrastructure and industrial surveillance solutions continues to rise.
Italy's iMoon Picks India for First Overseas Factory
Reinforcing India's status as a preferred destination for manufacturing, Italian lighting major iMoon has also announced plans to establish its first international manufacturing base in India. According to reports, the facility will cater to both the Indian market and exports, particularly across the Asia-Pacific region.
The upcoming facility will also support India's goals of local manufacturing and exports, aligning with the broader 'Make in India" and 'Atmanirbhar Bharat" initiatives.
Adobe's India Growth a Sign of Deeper Tech Integration
While manufacturing typically refers to physical goods, India's digital economy is also witnessing explosive growth. Adobe's Managing Director for India, Prativa Mohapatra, while speaking at the Adobe Summit India 2025 in Mumbai, highlighted that the country is experiencing a 'super growth phase," driven by expanding digital transformation in both public and private sectors.
'India is not just our largest R&D centre outside the US, it's now at the heart of our innovation and product development roadmap," Mohapatra stated.
She emphasised the growing demand for digital creativity tools, AI-enabled platforms, and enterprise solutions, noting that India's talent pool and startup ecosystem make it a vital engine for Adobe's global ambitions.
The recent moves by Honeywell, iMoon, and Adobe demonstrate how India is transitioning from being a backend outsourcing hub to a global centre for innovation, design, and manufacturing. Whether in hardware, lighting, or software, India is increasingly viewed as a place where global companies can scale, innovate, and serve international markets.
As Prativa Mohapatra summed up, 'The India story is no longer just about cost — it's about capability, scale, and speed."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Putting man in space is India's next giant leap: AS Kiran Kumar
Mangaluru: The former chairman of the Indian Space Research Organisation (Isro), AS Kiran Kumar, stated that the space agency aims to establish India's own space station by 2035. Tired of too many ads? go ad free now He was speaking during an event titled 'Igniting the future: Isro's legacy and beyond' organised by the Ramakrishna Mission Mangaluru and Samatha Mahila Balaga at the Ramakrishna Math hall on Sunday. "Visionaries like Vikram Sarabhai and Homi J Bhabha laid the foundation for Isro. Today, Isro plays a pivotal role in India's development. While other countries have used space activities for military purposes, India initially focused on non-military objectives like finding solutions to its problems such as weather monitoring, communication, broadcasting, and navigation. After centuries of foreign rule, providing basic necessities like shelter and housing for all citizens was a major challenge in India. In such a context, many naturally questioned whether priority should be given to the development of space technology," he explained. "By the time we reach 100 years of Independence, and when we aspire to reach the topmost, we also need to build capacity and capability. Putting man in space is one such capability. Originally, the plan was, by the 75th year of Independence, we should have put humans into orbit and brought them back. However, because of Covid-19 and other reasons, it got delayed," he said. On the Gaganyaan programme, he said probably within a year or two, we will have Indian astronauts going around the orbit. "The ambitious — to send a human to space — is India's next giant leap. The Gaganyaan programme requires large vehicles to be human-rated. Tired of too many ads? go ad free now Once we achieve this mission, we will become the fourth country in the world, beyond America, Russia, and China. It is an essential requirement because the world recognises only those who demonstrate capability," he said. "Apart from launching its own satellites, India has successfully launched over 450 satellites from more than 34 countries. Through landmark missions like Chandrayaan, Mangalyaan, and Aditya, India's capabilities have gained global recognition," he noted. He called upon students to engage in space research and become scientists to contribute to the nation's growth. Swami Jitakamanandaji, secretary of Ramakrishna Math, Mangaluru, graced the event. The programme was inaugurated by Sumana Ghate, general manager, Karnataka Bank. The session was presided over by Katyayini Bhide, president of Samatha Mahila Balaga, Mangaluru. MM Nayak, former director of Isro's INSAT programme, Vijayalakshmi Rao, honorary president of Samatha Mahila Balaga, and MLC Manjunath Bhandary were present. 'Space on Wheels' exhibition A mobile scientific exhibition titled 'Space on Wheels', curated by UR Rao Satellite Centre, Bengaluru, was also held. A specially designed exhibition bus arrived from Bengaluru. The exhibition, which presented the history, achievements, and future vision of Isro, attracted more than 1,000 students from various schools and colleges.
Economic Times
an hour ago
- Economic Times
Rupee gains 14 paise on Trump hint of no Iran action for now, equity flows
The Indian rupee edged higher to 86.58 per dollar on Friday, marking its first gain in six sessions, fueled by inflows into domestic equities. This appreciation occurred despite high crude oil prices and ongoing tensions between Israel and Iran. Market sentiment was buoyed by signals from US President Trump suggesting a delay in action against Iran. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee modestly strengthened Friday, its first advance in six days tracking inflows into domestic equities, to close at 86.58 per dollar. The rupee climbed 14 paise despite volatile oil prices and no immediate signs of a truce in the Israel-Iran strength in the rupee came after US President Donald Trump signalled to avoid any precipitate action on Iran. Rebalancing of the FTSE Russell index also led to some flows, traders said. The rupee traded between 86.54 and 86.67 to the dollar on Friday. Brent crude oil prices remained elevated at $77 per barrel, while the dollar index was at 98. A rise in crude oil prices is detrimental to inflation in India as the country is a large importer of the commodity. "Chances of rupee strengthening are very low while crude oil prices are this high. The gain we have seen today is all because of Trump's comments to postpone strikes on Iran," said Anil Bhansali, head of treasury at Finrex Treasury Reserve Bank of India was likely absent today and did not intervene, traders said."The rebalancing flows of the FTSE Russell Index did help, but dollar demand was strong too, which countered the inflow," a trader said. Foreign investors bought Indian equities worth ₹7,940.7 crore on Friday."The only positive we have seen is that FPIs are not large sellers in Indian equities," Bhansali said.
Time of India
2 hours ago
- Time of India
Indian auto industry chart magnet supply chain plans
NEW DELHI: As Indian auto industry faces a magnet supply crunch, following restrictions placed by China, a group of companies, including some homegrown advanced material entities, have come forward to build in-house supply chains. Tired of too many ads? go ad free now The companies have made presentations to govt, including the heavy industries ministry, and assured building of supplies within India to reduce dependence on China. "The companies include Midwest Advanced Materials, Entellus Industries, and public sector Indian Rare Earths (IREL)," sources have told TOI. The sources said that heavy industries secretary Kamran Rizvi has also taken presentations from companies as govt develops strategies for indigenous capabilities in magnet production. "Midwest Advanced Materials made a presentation about their plans to produce rare earth magnets in India with a capacity of 500 tonnes per annum. They forecast that by end of 2026, they will be able to produce custom-made rare earth magnets for the industry," one of the sources said. Entellus, a UK-headquartered company with primary operations in India, also made a presentation to govt, detailing their plans to produce rare earth magnets. "They have told officials that their plant is ready to produce the magnetic powder but will still take some time to produce industry-grade magnets," the source said. IREL, which was among the last to make its presentation, informed govt that once production begins, they will be able to match China's rates. "However, the company said that ore present in Indian geography is 100 times less than in China, the US, and Australia," the source said. Tired of too many ads? go ad free now Companies also told govt that magnet production in India was shut down over the past two decades due to proliferation of cheaper Chinese supplies. "The industry members requested govt to support companies in setting up magnet production by providing incentives and monetary benefits," the source said. Secretary Rizvi told the companies to make "realistic statements about magnet production" as potential customers in the auto sector will suffer due to incorrect assessments. The has also requested potential local producers to provide a firm timeline on supplies, if possible, emphasising that their production line depends on quick procurement. The situation for the auto industry has deteriorated over the past few months as no Indian auto component or vehicle company has managed to get approval from the Chinese govt for procuring rare earth magnets. Also, there has been "no clarity as yet" on any timeline for a confirmed meeting with representatives of Chinese govt, despite intervention of Indian officials. The applications for sourcing magnets have been filed mainly by parts manufacturers who provide fully-built sophisticated component assemblies such as speedometers, electric motors, e-axles, electric water pumps, automatic transmission kits, speakers, sensors, and ignition coils (used in engines). The request for a meeting with Chinese representatives is being pursued not just by industry bodies of component makers (Auto Component Manufacturers Association) and vehicle manufacturers (Society of Indian Automobile Manufacturers), but also facilitated by officials in ministries.
