Launched in 2014 to transform India into a global manufacturing hub.
About Make in India
- Objective: To facilitate investment, foster innovation, enhance skill development, protect intellectual property & build best in class manufacturing infrastructure.
- It is based on four pillars-
- New Processes: Recognizes ease of doing business as the most important factor to promote entrepreneurship.
- New Infrastructure: Provide infrastructure based on state-of-the-art technology.
- New Sectors: Identified 27 sectors (under Make in India 2.0) in manufacturing, infrastructure and service activities.
- New Mindset: Government shall act as a facilitator and not a regulator
- Nodal Agencies:
- Department for Promotion of Industry and Internal Trade- Manufacturing sector
- Department of Commerce- Service sector
Impact of Initiative
- Foreign Direct Investment (FDI): Attracted FDI inflow of $667.4 billion (2014-24), an increase of 119% over the preceding decade (2004-14).
- Employment: Employment in the manufacturing sector increased from 57 million in 2017-18 to 64.4 million in 2022-23.
- Exports: India’s merchandise exports surpassed $437 billion in FY 2023-24.
- Ease of Doing Business: Sharp rise from 142nd rank in 2014 to 63rd rank in 2019 in the World Bank’s Doing Business Report.
- Sector-wise Success:
- Transportation: E.g. Vande Bharat Express Train
- Defence Manufacturing: E.g. INS Vikrant, the country's first domestically made aircraft carrier
- Electronics: Samsung started the World’s Largest Mobile Factory in Noida
Key Reforms taken to facilitate implementation of Make in India
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