DMII 3.0 Maps the Path to Global Industrial Leadership by 2047

New Delhi | 10th December, 2025

India is entering a once-in-a-generation manufacturing supercycle. Domestic demand across electronics, mobility, and clean energy is compounding at historic rates, but demand alone won’t secure global leadership. The next leap requires upstream capability: deep-tech talent, world-class clusters, and predictable commercialization pathways for advanced manufacturing.

That is the central argument in Digitizing Make in India 3.0, a new state-of-the-sector whitepaper released by Z47 and Boston Consulting Group (BCG).

“Winning in advanced manufacturing and deep-tech is essential to realising the vision of Viksit Bharat 2047,” said Sudipto Sannigrahi, Managing Director at Z47. “By mobilising PhD talent across India and the Indian diaspora in the US, and with policies that help deep-tech startups reach revenue faster, India can translate its demand tailwinds into global leadership.” 

Five Pathways That Will Shape India’s Industrial Future

DMII 3.0 identifies five systemic levers that will determine whether India can break out of assembly-led growth and build durable, technology-led manufacturing strength:

1. Scale R&D, Design, and IP Creation
   Expand DLI, protect multi-year R&D budgets, and accelerate India-owned design into commercialization.
   
   
2. Build a World-Class Talent Engine
   Create process-engineering academies, embed PhDs inside industry, and attract global/returnee researchers.
   
   
3. Develop Full-Stack Cluster Ecosystems
   Co-locate suppliers, shared labs, logistics, and skill hubs to compress cost and cycle times.
   
   
4. Crack the Mid-Stack
   Build upstream capability in components, materials and subsystems. Align government incentives to reward design, high value manufacturing and deep-tech plant creation
   
   
5. Drive efficiencies through AI
   Embed AI and Industry 4.0 technologies into the manufacturing workflows, boosting industrial productivity, quality and speed.

DMII 3.0 also lays out the key opportunity areas where the next wave of nation-building will happen, and how founders can build in these deep-tech sectors.

The Demand Story: A Manufacturing Supercycle in Motion

India’s domestic demand across key sectors is rewriting global supply chains:

• India hosts approximately 20% of global chip design talent but accounts for under 1% of semiconductor patents
• 99.2% of mobile phones sold in India are now manufactured domestically, versus 26% in 2014-15
• India’s defence outlay has doubled over the past decade to USD 78.8B, and nearly 92% of MoD contracts in FY2025 were awarded to domestic manufacturers
• 60-70% of India's pharmaceutical API and KSM imports originate from a single country
• PLI schemes have generated ₹12,492 crore in investment and ₹8.8 lakh crore in production value

“This is not just scale, it is strategic self-reliance,” said Ishang Jawa, Managing Director & Partner at BCG. “India is designing, innovating, and integrating into the global value chain in ways that were unimaginable a decade ago.”

DMII 3.0 identifies high-value exports as the next frontier, including a USD 100B opportunity in auto components alone.

“India has built critical demand momentum. The next step is to scale exports of high-value EV components, wiring harnesses, and electronics systems,” added Natarajan Sankar, Managing Director & Partner, BCG. “India’s edge lies in quality, scale, and increasingly, in high-tech integration.”

The Road Ahead

India’s manufacturing moment has arrived. The question is whether the nation can now build the talent, design capability, and cluster depth required to convert momentum into lasting leadership.

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. Founded in 1963, BCG works closely with clients to drive transformation, build sustainable competitive advantage, and deliver positive societal impact.

About Z47 
Founded in 2006, Z47 is an investment Firm with more than 150 investments till date and an AUM of over $3.5 billion. Guided by a ‘founders first’ philosophy, Z47 is committed to backing missionary founders leading India to its goal of becoming a developed nation by 2047, prioritizing founders over markets. 

Z47’s focus sectors include Financial Services, Consumer, B2B, Deep Tech and Enterprise AI amongst others. We are proud partners to several B2B & Deep Tech companies; select ones include Ola Electric, OfBusiness, Captain Fresh, FarMart, Krutrim, Neysa and Vegrow. Other select investments include Country Delight, Dailyhunt, Five Star Business Finance, Ola Group, One Card, and Razorpay. 

Z47 has offices in Mumbai, Delhi, Bengaluru, Gurugram, and GIFT City. For more information, visit www.z47.com.