Turbulent times an opportunity for India to lead in manufacturing, says Anand Mahindra
At Mahindra Group’s 80th Founders Day, chairman highlights nation’s chance to gain global respect and manufacturing dominance.
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Turbulent times offer India a chance to pursue technological self-reliance and achieve global leadership in manufacturing, Mahindra Group Chairman Anand Mahindra said on October 2, commemorating the conglomerate's 80th anniversary.
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"Today, we once again are in turbulent times, and we have the opportunity to renew that pledge to strive together to propel India towards technological self-reliance and global respect," Mahindra said on the 80th Founders Day,a s per a PTI report.
The company's founders pledged to develop industry, create livelihoods, and enable communities to rise from the violent throes of the struggle for independence into a brighter future, he noted.
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federations of companies with over 3,24,000 employees in over 100 countries.
Eighty years ago, the Mahindra Group was born with a crystal-clear purpose to help build our nascent nation," the chairman said.
The current geopolitical and economic landscape is challenging, with persistent headwinds across continents, the company said. Yet, the Mahindra Group believes that India stands uniquely poised to emerge as a global manufacturing powerhouse, it added.
With its growing infrastructure, young workforce, and favourable policies, India's opportunity to lead the world in manufacturing has never been greater, it pointed out.
"Our founders were ahead of their time. Their first ad did not talk about products or profits; it highlighted the 'principles which will guide their activities': entrepreneurship, integrity, diversity, and a fearless optimism about India's future," Mahindra Group- Group CEO and MD Anish Shah said.
Last month, Mahindra called on India to turn the ongoing global tariff upheaval into an opportunity akin to the transformative economic reforms of 1991. Drawing parallels with the liberalisation that followed India’s forex crisis more than three decades ago, Mahindra asked whether the current “global Manthan” over tariffs could yield some “Amrit” for the country.
In a social media post, Mahindra said the “law of unintended consequences” was quietly reshaping global economic priorities, triggered by the tariff war unleashed by the United States. While the short-term impact has been marked by friction, he said longer-term effects were already emerging in significant and potentially positive shifts.
