In News:

• The National Manufacturing Mission (NMM) has been launched to accelerate India’s transition into a global manufacturing hub.
• This mission is a key component of the Make in India initiative and aims to raise the manufacturing sector’s contribution to GDP from 17% to 25% by 2025.

Scope & Coverage

• Targets small, medium, and large industries across sectors.
• Provides a comprehensive support framework involving policy guidance, execution roadmaps, and governance structures for central ministries and state governments.

Five Core Focus Areas:

• Ease and cost of doing business
• Skilling for future-ready jobs
• Support for a dynamic MSME sector
• Technology availability and innovation
• Enhancement of product quality

Clean Tech Manufacturing Focus

In line with India's sustainable development goals, the mission will promote domestic value addition and build robust manufacturing ecosystems for:

• Solar PV cells
• Electric vehicle (EV) batteries
• Motors and controllers
• Electrolyzers
• Wind turbines
• Very high-voltage transmission equipment
• Grid-scale batteries

Strategic Objective: Reduce reliance on Chinese imports and integrate India into global clean tech supply chains.

MSME Sector Support

• Credit Guarantee Cover for MSMEs increased from ?5 crore to ?10 crore.
• Revised Classification Criteria: Investment and turnover limits enhanced by 2.5x and 2x, respectively.
• Aims to empower MSMEs with greater access to credit and growth incentives.

Sector-Specific Measures

1. Footwear & Leather Sector

• A new Focus Product Scheme will support:
  • Design capacity
  • Component manufacturing
  • Machinery for non-leather and leather footwear
• Expected Impact:
  • Employment for 22 lakh persons
  • Turnover of ?4 lakh crore
  • Exports over ?1.1 lakh crore

2. Toy Manufacturing – National Action Plan for Toys

• Objective: Make India a global hub for innovative and sustainable toys.
• Strategy:
  • Develop manufacturing clusters
  • Promote skilling and innovation
  • Strengthen the ‘Made in India’ brand in the global toy market

3. Food Processing – ‘Purvodaya’ Focus

• Establishment of a National Institute of Food Technology, Entrepreneurship and Management in Bihar.
• Purpose:
  • Boost food processing in Eastern India
  • Enhance value addition for farmers
  • Create employment and entrepreneurial opportunities