'Make in India' initiative helped boost manufacturing, exports, strengthening economy
Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing.
These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.
Prime Minister Narendra Modi in a post on X stated that Make in India has led to a rise in exports in different sectors, building capacities and strengthening economy.
«It's noteworthy how exports have risen in various sectors, capacities have been built, and thus, the economy has been strengthened. The Government of India is committed to encouraging 'Make in India' through all possible ways. India's strides in reforms will also continue,» Modi said.
Commerce and Industry Minister Piyush Goyal said that these measures which also includes zero tolerance for corruption and the focused effort on emerging sectors like electronics have helped promote 'Make In India' and boost both domestic and foreign investments in the country.
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