10 Years of 'Make in India': Transforming Manufacturing and Boosting Investments

The 'Make in India' initiative launched by the Modi government has significantly boosted exports, investments, and local manufacturing over the past 10 years. Key measures include production-linked incentive schemes, easing FDI norms, and reducing compliance burdens. The initiative has led to substantial economic growth and increased foreign investments.

The 'Make in India' initiative, launched by the Modi government a decade ago, has notably enhanced exports, investments, and local manufacturing. This flagship program has been instrumental in fostering innovation, building infrastructure, and making India a global hub for manufacturing.

Among the key measures are production-linked incentive schemes across 14 sectors, easing of foreign direct investment (FDI) norms, and reducing compliance burdens to improve the business climate. Prime Minister Narendra Modi highlighted the rise in exports and strengthened economy attributed to this initiative.

Commerce and Industry Minister Piyush Goyal emphasized that the program's success is evident in rising domestic and foreign investments, zero tolerance for corruption, and a growing defense manufacturing ecosystem. With FDI reaching an all-time high, the future of manufacturing in India looks promising.

(With inputs from agencies.)