Speaking at the CII Manufacturing Conclave, Commerce Ministry Additional Secretary Yashvir Singh stated that India must fundamentally transform its manufacturing and trade ecosystem to achieve its ambitious $2 trillion export target by FY31. While India’s total exports reached an all-time high of $863 billion in FY26, achieving the FY31 goal requires moving beyond incremental improvements. Rather than settling for a standard “China-plus-one” model, India is positioning itself as a primary, trusted manufacturing partner to mitigate risks associated with global supply chain concentrations, particularly in critical minerals and key materials. The government outlined five strategic obligations for industry: maximizing the utilization of signed Free Trade Agreements (FTAs), shifting toward high-value capital goods, securing critical supply chains, actively setting global technical standards, and aggressively diversifying into new export markets.