Sunil Mittal Highlights India’s Manufacturing Growth and Global Expansion
Introduction
Sunil Mittal, Founder and Chairperson of Bharti Enterprises, spoke at the NDTV World Summit 2024 about India’s growing manufacturing sector and global business expansion.
Production-Linked Incentive Scheme
Mittal praised the Indian government’s Production-Linked Incentive (PLI) scheme for boosting manufacturing momentum in India and attracting global companies. He predicted that semiconductors would soon become a reality in India.
Global Expansion of Indian Brands
Mittal emphasized the importance of taking Indian brands global, highlighting India’s strengths in electronics, hardware, and software manufacturing. He shared Bharti Enterprises’ mission to expand internationally, showcasing Indian culture and commitment.
Airtel’s International Presence
Mittal discussed Airtel’s expansion into Africa, Sri Lanka, and Bangladesh, with nearly 160 million customers in 14 sub-Saharan countries. He noted the adoption of technology by young people in these regions.
India’s Global Investment Welcome
Mittal highlighted the positive reception of Indian investments abroad, contrasting it with the scrutiny faced by Chinese investments. He mentioned Indian companies like GMR, Adani, Godrej, Bajaj, and Hero Motor expanding overseas.
Future Opportunities
Looking ahead, Mittal expressed optimism about India’s demographic dividend, predicting 1 billion working-age people by 2030. He stressed the need for job creation and the importance of manufacturing for economic power.
Digital Infrastructure Investment
Mittal emphasized the need for digital infrastructure to support growth, noting Bharti Enterprises’ significant investment in this area.
Doubts Revealed
Sunil Mittal -: Sunil Mittal is a famous Indian businessman. He is the chairperson of Bharti Enterprises, which is a big company in India. Bharti Enterprises is known for its telecom services, especially Airtel.
NDTV World Summit 2024 -: The NDTV World Summit 2024 is a big event where important people talk about global issues. NDTV is a popular news channel in India. The summit is a place for sharing ideas and discussing future plans.
Manufacturing Growth -: Manufacturing growth means making more products in factories. It is important for creating jobs and boosting the economy. In India, this growth helps the country become stronger and more self-reliant.
Global Expansion -: Global expansion means Indian companies are doing business in other countries. This helps Indian brands become famous worldwide. It also brings more money and opportunities to India.
Production-Linked Incentive scheme -: The Production-Linked Incentive scheme is a government plan in India. It gives benefits to companies that make more products in India. This helps attract global companies to set up factories in India.
Semiconductors -: Semiconductors are tiny parts used in electronic devices like phones and computers. They are very important for technology. India is working to make more semiconductors to become a tech leader.
Airtel’s success in Africa -: Airtel is a telecom company from India. It has been successful in providing mobile services in Africa. This shows how Indian companies can do well in other parts of the world.
Indian investments abroad -: Indian investments abroad mean Indian companies are putting money into businesses in other countries. This helps Indian companies grow and become international. It also shows that other countries trust Indian businesses.
