ExxonMobil has publicly stated that domestic manufacturing is a central pillar of India’s Viksit Bharat 2047 vision, and the company has launched its own “Make in India” initiative to help realize that goal ExxonMobil+1.
Strategic Alignment with India’s Goals
India’s Viksit Bharat 2047 aims to transform the country into a self-reliant, globally competitive manufacturing hub. ExxonMobil sees strong synergies between its global energy infrastructure operations and India’s industrial ambitions, particularly in heavy engineering, shipbuilding, and specialized manufacturing ExxonMobil.
Current and Future Sourcing
Current scale: In the last two years, ExxonMobil affiliates have sourced USD 100 million worth of equipment from India ExxonMobil+1.
Future target: The company plans to scale sourcing to billions of dollars by the end of the decade ExxonMobil+1.
Focus areas:
Mega modules — large, pre-assembled units used in petrochemical plants and refineries.
Energy infrastructure equipment for LNG, refining, and chemical projects.
Shipbuilding synergies — both industries require heavy engineering, specialized suppliers, and complex logistics networks ExxonMobil+1.
Why India?
India offers:
A skilled workforce in engineering and fabrication.
Expanding connectivity (roads, ports, railways) to support large-scale manufacturing.
Resilient supply chains that can support complex, high-value projects ExxonMobil.
Impact
By leveraging India’s growing engineering and fabrication capabilities, ExxonMobil aims to:
Reduce reliance on foreign manufacturing for its global projects.
Support India’s industrial growth and energy security.
Create high-value jobs and technology transfer opportunities in the country ExxonMobil+1.
In short, ExxonMobil’s “Make in India” initiative is not just a corporate sourcing strategy — it’s a strategic investment in India’s manufacturing future, aligned with its national vision for 2047.