Venttup Launches Whitepaper on Strengthening India’s Manufacturing Ecosystem
Venttup, a B2B manufacturing startup championing indigenisation and new part development, launched its whitepaper titled "Building India’s Manufacturing Momentum” at the Kerala Innovation Festival held in Kochi.
The whitepaper was unveiled in the presence of notable industry leaders and policymakers. The first copy was presented to key dignitaries including Ms. Mamatha Venkatesh (Head, Start-up India), Dr. Lida Jacob IAS, Mr. Sridhar Radhakrishnan (ASHA–Kisan Swaraj), Mr. Suresh Krishna (Co-Founder & CEO, Yunus Foundation), Mr. Joseph Martin (CEO, Geojit–CUSAT Centre for Sustainability Studies), Mr. Jayaraman Chillayil (MD, Equinoct), and Dr. Abhilash Sukumarapillai (Director, Advanced Centre for Atmospheric Radar Research).
Founded by Sandeep Nair (CEO), M. Wasim Ankli (COO), and Joseph Panakkal (CMO), industry veterans from Hitachi Energy, Siemens Energy, L&T, and Kalpataru Power, Venttup is committed to advancing India’s manufacturing capabilities. The whitepaper includes insights from domain experts and startup founders to support its findings.
Venttup enables large and medium enterprises to localize their engineering needs, from prototype to mass production, across sectors like Energy, EV, Aerospace, and Defense. The company is building a digital platform for global buyers to source high-quality, sustainable components made in India, aiming to boost self-reliance and reduce import dependency.
Commenting on the launch of white paper, Sanddep Nair, Co-founder & CEO, Venttup says, “India’s manufacturing ecosystem is dotted with millions of MSMEs who are the backbone of this sector. However, due to their lack of skills in end to end project management, cash flow limitations, R & D and lack of understanding the latest tech capabilities, the growth of this sector has remained slow.
The govt has been rolling out pro manufacturing policies but there is an urgent need for the private sector to partner with the govt and other key stakeholders to build India into a global manufacturing hub across high growth industries. With this whitepaper, we have attempted to highlight the strength areas where India has the leverage, manpower and the know-how to grow into a strong manufacturing destination for global buyers and provided recommendations on how this shift can be accelerated with the help of technology.”
Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, says, “We have been big believers in India’s talent and capabilities to transform itself into a manufacturing destination for the world. Our investments in Venttup and engineering driven startups is a testament to our strong belief in India’s emergence as a strong alternative to China in manufacturing. We strongly advocate that there is a need for developing manufacturing clusters within India as we take strategic steps to spotlight the prowess of India’s manufacturing landscape.
The key findings of the whitepaper include, emergence of MaaS companies, increasing preference of global aeronautical companies to establish manufacturing base in India and China + 1 strategy that is driving the smart manufacturing wave by integrating MSMEs into the ecosystem at a scalable level.
