Venttup Launches Whitepaper on India's Manufacturing Growth

The whitepaper was launched by the Venttup team during the Kerala Innovation Festival in Kochi, in the presence of distinguished industry leaders, policymakers, professors, and mentors.

The first copy of the whitepaper was ceremoniously handed over to esteemed guests, including Ms. Mamatha Venkatesh, Head of Start-up India; Dr. Lida Jacob IAS; Mr. Sridhar Radhakrishnan, Steering Committee Member of ASHA-Kisan Swaraj; Mr. Suresh Krishna, Co-Founder & CEO of the Yunus Foundation; Mr. Joseph Martin, CEO , Geojit-CUSAT Centre for Sustainability Studies; Mr. Jayaraman Chillayil, Managing Director of Equinoct; and Dr. Abhilash Sukumarapillai, Director of the Advanced Centre for Atmospheric Radar Research.

Venttup, founded by industry veterans with extensive experience at Hitachi Energy, Siemens Energy, L&T, and Kalpataru Power, Sandeep Nair (Co-founder & CEO), M. Wasim Ankli (Co-founder & COO), and Joseph Panakkal (Co-founder & CMO), the whitepaper examines a substantive body of work, and has inputs from industry experts and founders in the manufacturing trenches to validate the findings.

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Venttup is built on the principles of localization and sustainability. It assists large and medium enterprises in outsourcing their engineering needs by leveraging India’s manufacturing expertise to develop high-quality, locally sourced components - from prototype to mass production.

Venttup offers localized production of critical engineering solutions and highly customized, complex mechanical, electrical, and electronic components across the Energy, EV, Aerospace, and Defense sectors, driving India’s manufacturing industry toward self-reliance and sustainable growth. The company is building a unified platform for global buyers to source high-quality, reliable, and sustainable components from India.

Commenting on the launch of whitepaper, Sanddep Nair, Co-founder & CEO, Venttup says, “India’s manufacturing ecosystem is dotted with millions of MSMEs who are the backbone of this sector. However, due to their lack of skills in end to end project management, cash flow limitations, R&D and lack of understanding the latest tech capabilities, the growth of this sector has remained slow. The govt has been rolling out pro manufacturing policies but there is an urgent need for the private sector to partner with the govt and other key stakeholders to build India into a global manufacturing hub across high growth industries. With this whitepaper, we have attempted to highlight the strength areas where India has the leverage, manpower and the know-how to grow into a strong manufacturing destination for global buyers and provided recommendations on how this shift can be accelerated with the help of technology.”

Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, says, “We have been big believers in India’s talent and capabilities to transform itself into a manufacturing destination for the world. Our investments in Venttup and engineering driven startups is a testament to our strong belief in India’s emergence as a strong alternative to China in manufacturing. We strongly advocate that there is a need for developing manufacturing clusters within India as we take strategic steps to spotlight the prowess of India’s manufacturing landscape. The key findings of the whitepaper include, emergence of MaaS companies, increasing preference of global aeronautical companies to establish manufacturing base in India and China + 1 strategy that is driving the smart manufacturing wave by integrating MSMEs into the ecosystem at a scalable level."