Safety essential for sustainable growth

India's rise as a manufacturing hub has been significantly influenced by geopolitical shifts, with businesses around the world seeking to diversify their supply chains.

However, the foundation for this transformation was laid well before these global changes, notably with the launch of the "Make in India" initiative in 2014. This programme was designed to rejuvenate the manufacturing sector by promoting innovation and positioning India as a global leader in production. Central to this initiative are several supportive government policies, including the production-linked incentive schemes, simplified regulatory processes, a focus on infrastructure development, and an emphasis on skill development. These measures are all aimed at stimulating business growth and making India an attractive destination for manufacturing investments.

India's demographic dividend, which provides a large and youthful workforce, complements these policies.

This combination of a growing market and a steady supply of labour creates an environment ripe for business expansion, making India a preferred location for companies looking to establish or expand their manufacturing operations. As a result, India is poised to become a critical player in global supply chains, potentially serving as a cornerstone in the global manufacturing landscape.

However, the economic vibrancy that comes with this growth is not without its challenges. Workplace accidents and occupational hazards are significant threats to the health and well-being of workers.