Manufacturing Startups To Watch: 5 Indian Manufacturing Startups That Caught Our Eye In February

India’s manufacturing renaissance is unfolding in real time. While global manufacturing output grew a modest 0.7% in Q3 2025, India recorded 1.3% growth in the same period, helped by a strong domestic and export demand, as well as China+1 supply chain shift.

Factory floors are humming louder each quarter as Indian manufacturers produce everything from batteries and chemicals to composites for indigenous jets and electric vehicles.

As many as 7.47 Cr MSMEs and small startups form the industrial backbone of the country, delivering 35.4% of the total output, accounting for 48.6% of the exports, and employing 32.8 Cr people.

But the biggest silver lining, as per Economic Survey 2025-26, is that medium- and high-technology industries now contribute 46.3% of India’s manufacturing value added. This signals a gradual shift towards more sophisticated production structures.

This also places India among a smaller group of middle-income economies steadily advancing up the manufacturing value chain. On its part, the government, too, is also leaving no stone unturned to shift the country from a services-led economy to a product-led one.

The Union Budget 2026 further paves this trajectory. From announcing India Semiconductor Mission 2.0 and rare earth corridors to container manufacturing and ₹10,000 Cr SME Growth Fund support, the economic blueprint recognised India’s need to push both frontier technologies and manufacturing-led scale.

Startups are seizing this moment and tackling India’s manufacturing gaps with precision. These new-age tech companies are creating jobs and spurring exports, while building ground-breaking technologies at competitive prices.

Having kept a hawk’s eye on India’s startup ecosystem for a decade now, we, at Inc42, realised that there was an innate need to shed light on budding startups that are breaking ground in India’s manufacturing arena.

As part of this endeavour, we are introducing the first edition of Inc42’s “5 Manufacturing Startups To Watch”.

For our maiden edition, we are spotlighting five manufacturing startups that are building products in sectors like defence tech, clean mobility, semiconductor packaging and electronics hardware.