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.
MIGM has signed an MOU with Strategy & part of PWC for research in area of Defence and Aerospace.
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. A paper on formulation of a Manufacturing Index has been published by Economic & Political Weekly.
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.
MIGM is working in the space of OFF-Grid renewable energy system in rural areas of India.
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. MIGM has signed an MOU with University of Steinbeis and is organising Training for SMEs - Managing  Innovation in Small businesses.

A Letter of Intent hasbeen signed between ISB and University of Melbourne for ISB-Melb Business Case Competition - Apex.  APEX has participation from Australia and is open to B-Schools in India. It aims at providing a common platform for interaction among SMEs (the targeted clientele for this competition), academia, students, fund managers and banks.
APEX is an attempt at understanding and addressing the challenges of capability enhancement faced by Indian SMEs. The unique aspect of APEX is the provision of a live platform for SMEs of North India who will participate as subjects and will benefit from the real-time pro-bono consulting.
It is an opportunity for student teams to work on real-life situations by applying theoretical models to practice and generating ideas to address the challenge. This unique opportunity to strategize the action plan for LIVE businesses covers several functions including but not limited to Sales, Marketing, Operations & Finance.