India, June 18 -- Global manufacturers have increasingly been adopting the China+1 strategy, which involves diversifying production bases beyond China to reduce geopolitical, supply-chain and cost-related risks. India has emerged as a major alternative manufacturing destination due to supportive government policies, Production Linked Incentive (PLI) schemes, improving infrastructure and a growing skilled workforce.

According to government estimates, India aims to increase manufacturing's contribution to GDP from around 17 percent currently to 25 percent over the coming years. The country has also attracted billions of dollars of investments across smartphones, consumer electronics, semiconductors, automotive components and industrial man...