Business · India Bureau
India to establish first Precision Manufacturing Institute, says Vaishnaw
Railway Minister Ashwini Vaishnaw announced plans for India's maiden Precision Manufacturing Institute, which will introduce a multi-tiered skill development framework. The initiative forms part of broader efforts to strengthen the country's manufacturing capabilities.
LSN India ·
India is set to establish its first Precision Manufacturing Institute to bolster domestic capabilities in advanced manufacturing, according to Railway Minister Ashwini Vaishnaw. The proposed facility will introduce a multi-level skilling model designed to develop human resources across various proficiency tiers in precision manufacturing sectors.
The institute represents a significant step towards building a skilled workforce capable of meeting the demands of India's evolving manufacturing landscape. By implementing a structured approach to skill development, the facility aims to create pathways for workers at different educational and experience levels to gain expertise in precision manufacturing processes and technologies.
The announcement comes alongside updates regarding Semicon 2.0, India's semiconductor development strategy, which is shifting its strategic focus from chip design towards system design capabilities. This reorientation reflects the government's emphasis on developing integrated semiconductor solutions rather than limiting efforts to design alone, potentially expanding India's footprint in the global semiconductor value chain.
The precision manufacturing and semiconductor initiatives underscore New Delhi's commitment to reducing reliance on imports while building competitive advantages in technology-intensive sectors. These efforts align with the broader 'Make in India' agenda to position the country as a significant manufacturing hub in Asia.