Aerospace and Defence
The Indian Industries in defence, homeland security and aviation will benefit from an inflow of $ 30 billion as offsets through military procurements from abroad over the next decade. This is an opportunity for India to evolve and make manufacturing the hub of her economic growth.  Initiatives in the aerospace sector and Public Private Partnerships in defence offsets can provide jobs, technology and skill development and very importantly, lead to creation of ancillary industries which develop around the major industries. This sunrise industry offers tremendous opportunity to Indian MSMEs to absorb new technology and achieve scale in innovative products.
Indian School of Business provides a neutral platform for various stakeholders to discuss policies and bring about clarity in policy formulation and implementation in this sector. This would motivate startups and entrepreneurs to immerse themselves in this sector to achieve substantial benefits. MIGM also intends to conduct research in the domain of defence offsets.
Manufacturing Health
Manufacturing, which is a key factor in India’s GDP, needs a continuous mapping of performance which can gauge the health of the sector. This is very important from successful policy formulation and implementation point of view.  MIGM under its manufacturing health theme will be looking into benchmarking the health of manufacturing sector in India and also focusing on the areas which affects the manufacturing health directly or indirectly in India like the trucking unions, etc.
Renewable Energy
The Indian Government intends to embrace innovation in Green Manufacturing on a massive scale to differentiate her products from those of manufacturing powerhouses like China and USA. Within green technology, the most dominant sector is that of Clean Technology with a definite rural bias. The way mobile technology overcame the last mile problem in telecom in the rural areas, solar energy can overcome the last mile problem in power generation and supply. Having a captive market of nearly 100,000 villages in the country that are yet to be connected to the national power grid, here is an opportunity waiting to be tapped!  India’s Solar Mission is also playing a dominant part to kindle interest. The Solar Mission plan to generate 20,000 MW of solar power by 2020 and the government is ready to offer subsidies and grants and modify the existing policies to promote entrepreneurs in this field.
MIGM is working on business options for industries for manufacturing in the renewable energy sector and do research in risk mitigation options in capex for such industries.
Agro Business
Analysis of the UNIDO Industrial Statistics Database, 2005, shows that food processing in developing countries is an important component of the manufacturing sector, growing as a percentage of GDP as income increases. Also MIGM as part of ISB Mohali campus which is located in Punjab where agriculture is an important sector, has taken agriculture as an important theme to do research and promote more industries under the theme of “Innovation in Agri value chain”.
Product Design
As economies develop, manufacturers seek to invest more in design than they did before. It happened with Chinese electronics contract manufacturers (Sodhi and Tang, 2012). To have ‘well designed’ products, companies have to be good in a number of steps in their value chain: feedback from potential buyers, existence and abilities of in-house or outsourced designers, ability to convert designs into products, and ability to market and sell innovative products.  This makes the question of finding evidence as to where manufacturers perceive their strengths and weakness in the different steps. A managerial implication is that managers will be able to focus on where they can influence internal and external process to improve product design, vis-à-vis products from other countries, given that the consumers’ expectations have changed owing to experience with goods made in other countries or at least designed by multinational companies and also owing to advertising.MIGM intends to carry out research on perceptions on design in India in relation to manufacturing.
Small Business Growth initiative
The micro small and medium enterprises (MSMEs) have been the key in the economic growth and for promoting equitable development through the world. In India, this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. This sector accounts for about 45% of the manufacturing output in India, so this becomes a key sector for MIGM to focus on. Under this Small Business Growth initiative theme, MIGM will be working on various projects to improve the MSME sector in India.
Automation and design in tandem will contribute in a major way to the future of manufacturing. MIGM intends to conduct workshops in the field of industrial automation and robotics in collaboration with experts in the field. The intention of the workshop will be to provide exposure to students and entrepreneurs in the multidisciplinary field of automation and robotics.
It is well documented that both for developing and developed countries, the bulk of new economy and job creation is fuelled by the new enterprises. MIGM under this theme of entrepreneurship will work on various initiatives to promote enterprise creation in manufacturing space.