Manufacturing, Innovation And More: How The India Story Is ‘No Longer Just About Costs’

Last Updated:June 05, 2025, 14:24 IST

Italian lighting major iMoon has recently announced plans to establish its first international manufacturing base in India.

PM Narendra Modi (PTI)

India’s status as a manufacturing and innovation hub is gaining new momentum as multinational giants intensify their presence in the country. From tech-driven surveillance systems to premium lighting solutions and software growth, Indian and global firms are increasingly recognising India not just as a vast consumer market, but as a critical part of their global production and innovation chains.

Honeywell Unveils ‘Made in India’ CCTV Camera Line

In a strategic move to localise production and tap into India’s growing demand for smart security systems, Honeywell has launched its first ‘Made in India’ range of CCTV cameras. The new line has been designed, engineered, and manufactured entirely in India.

“Honeywell’s commitment to the government’s ‘Make in India’ vision is not just about domestic assembly. This is full-scale R&D, design, and production, catering to Indian and global markets,” said Ashish Modi, President, Honeywell India.

The company aims to serve both enterprise and consumer segments with its advanced surveillance products, while also reducing dependence on imports. The move comes as India’s demand for smart city infrastructure and industrial surveillance solutions continues to rise.

Italy’s iMoon Picks India for First Overseas Factory

Reinforcing India’s status as a preferred destination for manufacturing, Italian lighting major iMoon has also announced plans to establish its first international manufacturing base in India. According to reports, the facility will cater to both the Indian market and exports, particularly across the Asia-Pacific region.

“This decision reflects our belief in India’s industrial capability, cost competitiveness, and strong talent pool,” said Luca Todeschini, CEO of iMoon. The company sees India not only as a growth market but as a strategic partner for global manufacturing operations.

The upcoming facility will also support India’s goals of local manufacturing and exports, aligning with the broader “Make in India” and “Atmanirbhar Bharat” initiatives.

Adobe’s India Growth a Sign of Deeper Tech Integration

While manufacturing typically refers to physical goods, India’s digital economy is also witnessing explosive growth. Adobe’s Managing Director for India, Prativa Mohapatra, while speaking at the Adobe Summit India 2025 in Mumbai, highlighted that the country is experiencing a “super growth phase,” driven by expanding digital transformation in both public and private sectors.

“India is not just our largest R&D centre outside the US, it’s now at the heart of our innovation and product development roadmap,” Mohapatra stated.

She emphasised the growing demand for digital creativity tools, AI-enabled platforms, and enterprise solutions, noting that India’s talent pool and startup ecosystem make it a vital engine for Adobe’s global ambitions.

The recent moves by Honeywell, iMoon, and Adobe demonstrate how India is transitioning from being a backend outsourcing hub to a global centre for innovation, design, and manufacturing. Whether in hardware, lighting, or software, India is increasingly viewed as a place where global companies can scale, innovate, and serve international markets.

As Prativa Mohapatra summed up, “The India story is no longer just about cost — it’s about capability, scale, and speed.”

News Desk

The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d…

The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d…

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