India plans deep tech, future pivots in its industrial ambitions FactorDaily

India's new industrial policy which will be rolled out in the coming months will have a deep focus on technology and innovation to boost manufacturing and economic growth. Sources in Niti Aayog, the government's policy thinktank, told FactorDaily that while Make In India was focussed largely on programs and schemes, the industrial policy will look at the long-term development of manufacturing and create employment. The industrial policy, which the Department of Industrial Policy and Promotion and Niti Aayog is working on will be built in a way that Indian manufacturing is future ready, and that cannot be done without technology. "The idea is to prepare for future industries. For example, the way fintech, artificial intelligence and internet of things are converging (towards) manufacturing," said one source.