10 Years of ‘Make in India’

The ‘Make in India’ initiative, which aims to transform India into a global manufacturing hub was launched on September 25, 2014 and has completed a decade into existence.

About ‘Make in India’ Initiative

• The ‘Make in India’ initiative aims to establish India as a global manufacturing hub. Over the past decade, it has focused on enhancing investment, fostering innovation, and developing a robust manufacturing infrastructure.
• Objectives: The campaign promotes investment, skill development, intellectual property protection, and aims to enhance India's manufacturing capabilities.
• Vocal for Local: It emphasizes boosting local manufacturing while showcasing India’s industrial potential globally.
• Make in India 2.0: This phase encompasses 27 sectors, integrating both manufacturing and services.
• Four Pillars of the Initiative
  1. New Processes: Enhancing the business environment and promoting entrepreneurship through improved ease of doing business.
  2. New Infrastructure: Development of industrial corridors and smart cities, integrating technology and communication to improve infrastructure and IPR.
  3. New Sectors: Opening FDI in critical sectors such as defense, insurance, and railways.
  4. New Mindset: Shifting the government's role from regulation to facilitation, partnering with industry for economic development.

Key Achievements of Make in India

• Mobile Manufacturing Growth: From just two mobile manufacturing units in 2014, the number has skyrocketed to over 200. Mobile exports surged from ?1,556 crore to ?1.2 lakh crore, a remarkable 7,500% increase. Today, 99% of mobile phones used in India are domestically produced, positioning India as the second-largest mobile manufacturer
• Steel and Semiconductor Production: India has become a net exporter of finished steel. Investments in semiconductor manufacturing exceeded ?1.5 lakh crore, with new plants projected to produce over seven crore chips daily.
• Renewable Energy Expansion: India is now the 4th largest producer of renewable energy globally, with capacity increasing by 400% in the past decade.
• Electric Vehicle Industry: The electric vehicle sector, nearly non-existent in 2014, has grown to a market worth $3 billion.
• Defence Exports: Defence exports have surged from ?1,000 crore to ?21,000 crore, reaching more than 85 nations.
• Toy Industry Success: The toy industry has witnessed a 239% increase in exports while imports have halved, significantly benefiting local manufacturers.
• Empowerment of MSMEs: The initiative has empowered ordinary citizens, especially within the Micro, Small and Medium Enterprises (MSME) sector, fostering entrepreneurship and wealth creation.
• Production Linked Incentive (PLI) Schemes: PLI schemes have attracted thousands of crores in investments and created millions of jobs, improving the ease of doing business.
• Cultural and Industrial Pride: Iconic projects like Vande Bharat trains, BrahMos missiles, and various consumer electronics proudly carry the Make in India label, reflecting Indian innovation and quality.

Key Initiatives to enable Make in India

• Production Linked Incentive (PLI) Schemes: These schemes attracts investment and promotes technology in 14 key sectors to enhance global competitiveness.
• PM GatiShakti: It is a strategic initiative for creating multimodal connectivity to achieve a $5 trillion economy by 2025, driven by seven engines: Railways, Roads, Ports, Waterways, Airports, Mass Transport, and Logistics Infrastructure.
• Semiconductor Ecosystem Development: It encompasses four key schemes:
  • Modified Scheme for Setting Up Semiconductor Fabs in India
  • Modified Scheme for Setting Up Display Fabs in India
  • Modified Scheme for Setting Up Compound Semiconductors, Silicon Photonics, Sensors Fabs, and Discrete Semiconductors, along with Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) / OSAT Facilities in India
  • Design Linked Incentive (DLI) Scheme
• National Logistics Policy: Complementing PM GatiShakti, it enhances the logistics sector's soft infrastructure through the Comprehensive Logistics Action Plan (CLAP).
• National Industrial Corridor Development Programme: It focuses on creating smart cities and advanced industrial hubs.
• Startup India: Supports entrepreneurs and aims to shift India into a job-creating economy.
• Implementation of GST: It streamlines taxation to facilitate manufacturing and trade.
• Unified Payments Interface: It aims to bolster India’s digital economy, enhancing ease of doing business.
• Ease of Doing Business: Continuous efforts to simplify regulations and reduce bureaucratic hurdles to boost investor confidence.