Stats - The appliances and consumer electronics (ACE) market in India is expected to grow to US$ 21.18 billion by 2025

electric vehicles financing industry in India is projected to grow to ~ US$ 50 billion by 2030

In the first half of FY21, India received ~US$ 30 billion worth of funds through foreign direct investment

In September 2021, the government approved PLI scheme worth Rs. 26,058 crore (US$ 3.53 billion) for auto industry and drone industry

In May 2021, the government approved a PLI scheme worth Rs. 18,000 crore (US$ 2.47 billion) for production of advanced chemical cell (ACC) batteries

India has potential to become a global manufacturing hub and by 2030, it can add more than US$ 500 billion annually to the global economy.

The manufacturing industry in India contributes about 15 percent of the country’s GDP.

India’s manufacturing exports stood at $229 billion in 2019 (before the pandemic) billion which is 43 percent of the country’s total exports. The biggest exports are engineering goods, chemicals & related products, and leather goods.

Textiles, capital goods, cement, food products, pharmaceuticals, metals, plastics and rubber, electronics and automobiles are the most thriving segments in the manufacturing industry.

At Securus, an extensive risk management program for manufacturing companies can be conducted with our team of risk management specialists & insurance surveyors, With an agenda for safeguarding people and property from adverse events, such as bodily injury, damages, or other business interruptions.