India's manufacturing ambitions are gaining momentum amid global turmoil as the country steps up efforts to attract foreign investment and strengthen its position in global supply chains.
Speaking at the Bharat Innovates 2026 event in Nice, France, Union Commerce and Industry Minister Piyush Goyal invited French companies to expand their manufacturing presence in India.
He said that changing global economic conditions and geopolitical uncertainty have created new opportunities for India to emerge as a trusted manufacturing and innovation hub.
As Global Turmoil Creates Opening for India's Manufacturing Ambitions, the government is encouraging international companies to view India not only as a large consumer market but also as a base for manufacturing, innovation, and exports. Goyal highlighted India's growing industrial capabilities, skilled workforce, startup ecosystem, and policy support that are helping attract global investors.
Addressing business leaders and investors, Goyal urged French firms to deepen their engagement with India and take advantage of the country's manufacturing ecosystem.
He emphasized that India offers:
The minister encouraged French companies to design, innovate, manufacture, and export from India. According to him, businesses looking for reliable and scalable production destinations can benefit from India's expanding industrial base.
India has been actively promoting itself as a preferred destination for global manufacturers as companies seek to diversify supply chains and reduce risks associated with economic and geopolitical disruptions.
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A major highlight of Goyal's address was India's growing startup landscape. He pointed out that the country now has more than 230,000 startups, making it one of the world's largest startup ecosystems.
The startup sector is playing an important role in driving innovation across industries, including manufacturing, technology, logistics, and digital services. This innovation-led growth is helping India become more attractive to global investors looking for future-ready business opportunities.
Key factors supporting India's investment story include:
These strengths have helped India position itself as a reliable partner for businesses seeking long-term growth and stability.
The investment pitch comes as economic relations between India and France continue to strengthen. France remains one of the important foreign investors in India and has invested around USD 12.25 billion in the country between April 2000 and March 2025.
Trade between the two countries has also remained strong. Bilateral trade was valued at approximately USD 15.8 billion during 2025-26, reflecting growing commercial engagement across sectors.
The discussions took place alongside the Bharat Innovates 2026 event, which was attended by Prime Minister Narendra Modi and French President Emmanuel Macron. The event focused on expanding cooperation in areas such as innovation, technology, manufacturing, and investment.
The government's latest outreach reflects India's broader strategy of attracting foreign direct investment, expanding manufacturing capacity, creating jobs, and increasing exports. With global businesses reassessing supply chains and investment destinations, India is seeking to position itself as a dependable manufacturing partner for international companies.
As global uncertainty continues to reshape business decisions, India believes its combination of scale, talent, innovation, and market access can help drive the next phase of manufacturing growth and attract greater international investment.
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