New Delhi,mar 25
President of the Confederation of Indian Industry (CII), Rajiv Memani, stated that the ability of the economy to absorb a growing workforce in an era of technological change depends on the successful scaling of this manufacturing engine. Speaking at the CII Western Region Annual Meeting 2026, Memani noted that as artificial intelligence introduces new disruptions across various industries, the industrial sector must become a primary driver for employment.”India has achieved two important things, but the biggest shift is the pivot towards manufacturing–from 15% of GDP to potentially 25-30%,” Memani said. He further emphasized that “with AI bringing disruption, absorbing the growing workforce will depend on how strongly the manufacturing engine scales.”Expanding on the theme of industrial growth, Naushad Forbes, Past President of CII and Co-Chairman of Forbes Marshall Pvt Ltd, discussed the relationship between domestic success and international expansion.”Markets may seem different, but customer needs are often similar across the world. Building strong capabilities in the domestic market allows companies to learn, innovate, and take those same strengths into global markets,” Forbes said.
The discussion also addressed the evolving requirements for human capital. Sunil Mathur, Managing Director and CEO of Siemens India, observed that maintaining the current growth trajectory requires a fundamental shift in how the country develops talent.”We are on the right path, but the future will demand a new kind of talent,” Mathur said. He added that “strengthening education, skilling, and global partnerships will be key to building that capability.”
