Sector Snapshot · Industrial Products

India's Industrial Products Makers Ride the Infrastructure Wave

A fast-read primer on India's industrial products manufacturing base — the backdrop against which we benchmark every company's cost structure in this category.

17%
Manufacturing's contribution to India's GDP
US$30 bn
Investment behind India's data centre buildout
US$200-300 bn
E-commerce export potential for MSME manufacturing by 2030
Rs 1.91 lakh cr
PLI scheme outlay across 14 sectors
7.8%
Index of Industrial Production growth, Dec 2025

Data Centres and Industrial Output Both Point Up

Two distinct growth stories — digital infrastructure buildout and steady industrial output — are both accelerating.

India's Data Centre Market (US$ billion)

2025 → 2030 forecast

$10bn
2025
$22bn
2030F

IIP Index Levels, Dec 2025

Capital goods vs. infrastructure/construction goods

124.0
Capital Goods
219.1
Infra/Construction Goods

What's Pushing the Sector Forward

Global hub potential, export opportunity, and sustained policy investment define the category.

Global Hub Potential
  • Wind manufacturing capability targets 10% of global demand by 2030
  • Data centre capacity backed by ~US$30bn of investment
Export Opportunity
  • E-commerce export potential of US$200-300bn by 2030 for MSME manufacturers
Policy & Investment
  • PLI schemes carry a Rs1.91 lakh crore outlay across 14 sectors

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

Companies We Benchmark in This Sector

Listed Indian Industrial Products companies in tDoBe's cost-benchmarking coverage.

Cummins India
Polycab India
APL Apollo Tubes
KEI Industries
AIA Engineering
Supreme Industries
Welspun Corp
Astral
Kirloskar Oil Engines
Shyam Metalics
R R Kabel
PTC Industries
Timken India
Grindwell Norton
Carborundum Universal
HBL Engineering
Elgi Equipments
Inox India

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Industrial Products Report
Compiled from public government and industry sources, February 2026 update · Figures rounded · tDoBe sector snapshot, for informational purposes