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  • Writer's pictureDiversitech Global

How Diversitech Global Benefited from the Make in India Initiative

Updated: Jul 2

How Diversitech Global Benefited  from the Make in India Initiative

In recent years, the Make in India initiative has emerged as a pivotal strategy to promote manufacturing, Indian Hand & Power Tool Suppliers and economic growth within the country. Companies across various industries have embraced this initiative, leveraging its benefits to enhance their operations and expand their market presence. One such success story is that of Diversitech Global, a leading player in the industry. In this blog post, we will delve into how Diversitech Global harnessed the opportunities presented by the Make in India initiative to propel its growth, drive investments, and pave the way for a promising future. Join us as we explore the journey of Diversitech Global and the transformative impact of the Make in India initiative on its business landscape.

Understanding the Basics: The Make in India Initiative

The Make in India initiative, launched in September 2014 by the Government of India, aims to transform the country into a global manufacturing hub. With a focus on attracting investment, fostering innovation, and promoting job creation, this initiative seeks to boost the manufacturing sector's contribution to India's GDP. It envisions India as a preferred destination for both domestic and international companies to manufacture their products.

The Make in India initiative encompasses various sectors, including automobiles, textiles, chemicals, electronics, pharmaceuticals, and more. It offers a range of incentives, such as tax benefits, ease of doing business, infrastructure development, and intellectual property protection, to attract investments and facilitate manufacturing activities.

The primary objectives of the Make in India initiative are to:

  1. Increase the share of manufacturing in India's GDP from the current level of around 16% to 25% by 2025.

  2. Create job opportunities and enhance skill development to empower the Indian workforce.

  3. Encourage technology transfer, research and development, and innovation in manufacturing processes.

  4. Promote sustainable and eco-friendly manufacturing practices.

By promoting manufacturing activities within the country, the initiative aims to reduce imports, boost exports, and create a favorable business environment for companies to thrive. It also serves as a catalyst for economic growth, infrastructure development, and overall socio-economic progress.

In the following sections, we will explore how Diversitech Global, a prominent player in the industry, leveraged the Make in India initiative to its advantage, driving growth, attracting investments, and solidifying its position in the market.

Diversitech Global: An Overview

Diversitech Global is a renowned company that operates in the tools manufacturing and supply sector, specializing in hand and power tools. With a rich history and a strong market presence, Diversitech Global has established itself as a premier player in the industry.

The Company's History and Background

Diversitech Global was founded in 2000 with a vision to innovate hand and power tool development and supply for global retailers and ecommerce selling. Since its inception, the company has experienced steady growth and has continuously expanded its operations to meet the evolving needs of its international clients.

Products and Services Offered

Diversitech Global offers a diverse range of hand tools, power tools, and tool kit set combinations that cater to various industries and market segments. Their product portfolio includes tailor-made OEM tool kits, component manufacturing and supply, plastic injection, and blow mold case manufacturing, which are known for their quality, innovation, and reliability. The company prides itself on delivering solutions that meet the highest standards and exceed customer expectations.

Current Market Presence

With a strong market presence both domestically and internationally, Diversitech Global has established itself as a trusted brand in the industry. The company has a wide customer base and serves clients across the UK, continental Europe, North America and most recently India. Their commitment to excellence, customer satisfaction, and continuous improvement has earned them a solid reputation in the market.

In the following sections, we will explore how Diversitech Global embraced the Make in India initiative and how it has benefited the company in terms of growth, investments, and expansion opportunities.

The Make in India Initiative and its Impact on Diversitech Global

The Make in India initiative has had a significant impact on Diversitech Global, presenting the company with numerous opportunities for growth and development. In this section, we will delve into how Diversitech Global actively participated in the initiative and explore the benefits it gained from this strategic move.

The Company's Participation in the Initiative

Diversitech Global recognized the potential of the Make in India initiative early on and proactively aligned its business strategies with the government's vision. The company actively engaged with relevant government agencies, industry associations, and policymakers to understand the requirements and leverage the benefits provided by the initiative.

Diversitech Global participated in various forums, conferences, and trade shows aimed at promoting the Make in India initiative. By showcasing their capabilities, expertise, and commitment to manufacturing excellence, the company strengthened its presence in the industry and positioned itself as a key player in the Make in India ecosystem.

Benefits Gained from the Initiative

As a result of its active participation in the Make in India initiative, Diversitech Global reaped several benefits that positively impacted its operations and growth trajectory.

  1. Incentives and Tax Benefits: The Make in India initiative offers a range of incentives and tax benefits to companies engaged in manufacturing activities. Diversitech Global capitalized on these incentives, which included tax exemptions, reduced customs duties, and financial assistance for infrastructure development. These benefits significantly enhanced the company's cost competitiveness and profitability.

  2. Access to a Vast Domestic Market: The Make in India initiative aimed to stimulate domestic demand and reduce reliance on imports. By manufacturing their products within India, Diversitech Global gained access to the vast domestic market, thereby expanding its customer base and revenue streams.

  3. Enhanced Global Competitiveness: The Make in India initiative also aimed to position India as a global manufacturing hub. By aligning with this vision, Diversitech Global improved its global competitiveness. The company leveraged the "Made in India" tag to build trust and credibility among international customers, leading to increased export opportunities and market penetration.

  4. Streamlined Regulatory Processes: The Make in India initiative emphasized ease of doing business and streamlining regulatory processes. Diversitech Global benefited from simplified licensing procedures, faster approvals, and reduced bureaucracy, enabling the company to expedite its manufacturing operations and respond swiftly to market demands.

The Impact on Production and Operations

The Make in India initiative had a transformative impact on Diversitech Global's production and operations. By leveraging the benefits provided by the initiative, the company was able to enhance its manufacturing capabilities, optimize processes, and improve overall efficiency.

  1. Investment in Advanced Manufacturing Technologies: With the support of the Make in India initiative, Diversitech Global invested in advanced manufacturing technologies, such as automation, robotics, and digitalization. These technological advancements enabled the company to enhance productivity, reduce operational costs, and deliver high-quality products to its customers.

  2. Development of Local Supply Chains: The initiative encouraged the development of robust local supply chains, reducing dependence on imported components and raw materials. Diversitech Global actively collaborated with local suppliers, fostering partnerships and strengthening the domestic manufacturing ecosystem. This not only improved the company's operational efficiency but also contributed to the growth of local businesses.

  3. Skill Development and Training: The Make in India initiative emphasized the importance of skill development and training programs to enhance the employability of the Indian workforce. Diversitech Global actively engaged in skill development initiatives, providing training and employment opportunities to local talent. This not only helped address the skill gap but also ensured a skilled workforce for the company's manufacturing operations.


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