The Manufacturing sector comprises establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. It has emerged as one of the high growth sectors in India. The ‘Make in India’ program was launched to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020. Government aims to achieve 25 per cent GDP share and 100 million new jobs in the sector by 2022. Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached US$ 89.15 billion during April 2000-December 2019. A concessional corporate tax rate of 15 percent to new domestic companies in the manufacturing, the Assemble in India proposal and tax relief with turnover upto 100 available in 3 consecutive years out of the first 10 years for MSMEs and startups in the budget 2020-21 show the Government’s rapid interest towards this sector.