India’s
Advanced
Manufacturing
Leap:
Pioneering the
future of IP‑Driven
Manufacturing
India’s
Manuf cturing
Moment
A Once-in-a-Generation Opportunity for India to Lead the Next Industrial Revolution
By the
Numbers
The Rise of
Ad anced
Manufac uring
in India
.png)
Where
Innovation
Meets
Commerce
Key Themes
Resh ping
Manufactur ng
to Win
India’s winning edge is sharpening world‑class talent, global savvy, cost leadership, need to work on closing quality gaps.
chains are
shifting
India’s share of U.S. imports is steadily rising as companies reduce China-dependence
driven
inflection
points
From fabless chip design to modular EV batteries, new R&D frontiers are emerging
and public
market signals
IP-led companies in advanced manufacturing are trading at SaaS-like multiples
Defining
Advanced
Manufacturing
A New
Stand rd
for In ovation
Archetype
Product
innovation
A breakthrough in the end product achieved without changing the underlying production kit.
Archetype
Equipment-led Process Innovation
Proprietary machinery and/or raw material that unlocks a high-efficiency process to a familiar end-product.
Archetype
Process
Innovation
A breakthrough in how the product is made while using largely standard equipment.
The
Ground
Reality
Indian St rtups
are Redefining
What's Possible
Data Patterns, MTAR, and Dixon are public success stories scaling with IP-led models
PLI schemes and Make-in-India mandates are catalyzing sectoral momentum
Academia, talent, and early-stage capital are coalescing into an investable ecosystem
High-Conviction
Sectors
Sp tlighting
India’s Most
Promising
Opportunities
With rising exports, domestic demand, and policy momentum, India is no longer just assembling devices. It’s building the future of electronics, end-to-end.
14th August
From tactical drones to turbine engines, the future of India’s defence isn’t just about scale — it’s about sovereignty.
14th August
From EVs to smart mobility systems, India’s auto sector is shifting gears from volume to value, and from assembly to innovation.
14th August
Authors
Prashanth
Prakash
Prayank
Swaroop
Vidhya
Ananthakrishnan
Nayan
Nandan
Disclaimers: This Report has been prepared and published by Accel. The data produced in the Report has been received either by Accel or Praxis and reproduced on ‘as is’ basis or has been obtained from public domain. Accel and Praxis have taken due care and caution in compilation of the same, from sources which they consider reliable. While reasonable efforts have been made to ensure the accuracy of the information contained in this Report, neither Accel, Praxis, nor any of their affiliates make any representations or warranties, express or implied, as to the completeness, accuracy, or reliability of the information, projections, or conclusions contained herein. The information provided in the report is intended for public, non-commercial use. The contents of this Report are provided for general informational purposes only and do not constitute investment, legal, tax, accounting, or other professional advice. Readers should consult their own advisors before making any financial or investment decisions based on the content herein. This Report may include forward-looking statements or projections that are inherently subject to risks and uncertainties. Actual results may differ materially from those projected or implied. This Report is not intended to be, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities, financial instruments, or other products or services. Accel does not undertake any obligation to update or revise any part of this Report following its publication, whether as a result of new information, future developments, or otherwise. Unauthorised distribution, reproduction, or use of this Report or any portion thereof is strictly prohibited without prior written consent from Accel.
Accel ©2025
