India, June 23 -- India's manufacturing ambitions continue to gather pace as industrial growth increasingly shifts towards advanced technologies, localisation and high-value production.

Over the past few weeks, the sector has witnessed a series of developments that underline this momentum. Precision manufacturing startup Ethereal Machines raised $28.5 Mn, reflecting growing investor confidence in advanced manufacturing startups building core industrial infrastructure.

Large enterprises are also doubling down on manufacturing. Reliance Retail recently announced plans to build dedicated manufacturing platforms across fresh produce, garments and consumer goods, signalling a deeper push towards vertically integrated production capabilities....