Next Bharat Ventures, a Suzuki Motor Corporation subsidiary, hosted the “Next Billion Forum” in Gujarat’s GIFT City, emphasizing strategies to bolster India’s manufacturing sector and integrate rural and informal economies into national growth objectives. The event also marked the launch of applications for the second cohort of the Next Bharat Residency Program, aimed at nurturing impact-driven startups.
The forum outlined plans to strengthen manufacturing in Tier 2 and Tier 3 cities while addressing the need for strategic investments in underserved regions. Discussions focused on aligning manufacturing growth with India’s vision for becoming a $30 trillion economy by 2047.
Toshihiro Suzuki, President of Suzuki Motor Corporation, emphasized Suzuki’s commitment to India’s manufacturing sector, citing the company’s efforts to expand its engagement beyond the mobility industry. He noted that supporting entrepreneurship in rural areas aligns with Suzuki’s broader strategy to drive inclusive economic development and foster innovation.
Panel discussions, moderated by Mohandas Pai, included industry leaders such as Nilesh Shah of Kotak Mahindra Asset Management, Reema Nanavati of SEWA, and K. Rajaraman, Chairman of the International Financial Services Centres Authority (IFSCA). Key topics included investment strategies to unlock manufacturing potential in smaller cities and the role of global partnerships in driving industrial growth.
Amitabh Kant, India’s G20 Sherpa, highlighted the rapid growth of India’s infrastructure and manufacturing capabilities, citing the construction of airports, metro systems, and advancements in solar energy production. He called for increased collaboration between India and Japan, particularly through Suzuki-backed initiatives, to support the growth of India’s manufacturing base and create sustainable jobs.
K. Rajaraman outlined the progress of investment funds and international banking operations at GIFT City, noting its role in attracting global capital to India’s manufacturing sector. He emphasized the need for innovation to position India as a global leader in industrial production.
Next Bharat Ventures aims to support manufacturing-focused entrepreneurs through capital, mentorship, and market access. The forum underscored the role of manufacturing in achieving long-term economic development while fostering sustainable, technology-driven growth in underserved regions.