Make in India 10th Anniversary: A Decade of Transformation and Growth

As the ‘Make in India’ initiative celebrates its 10-year anniversary, Prime Minister Narendra Modi took to LinkedIn to share his thoughts on the campaign’s achievements and its lasting impact on the nation’s economy. In his heartfelt post, Modi praised the tireless efforts of Indians across various sectors who have played a crucial role in transforming the initiative into a “roaring success” and elevating it to a global movement that showcases India as a hub of manufacturing and innovation.

A Vision Realized: From Concept to Global Recognition

Modi’s reflection on the Make in India campaign highlights how a simple yet powerful idea has evolved into a transformative force for the nation’s industrial landscape. The initiative, launched in 2014, aimed to boost domestic manufacturing, attract foreign investment, and position India as a key player in the global supply chain. A decade later, the results speak volumes about the success of this ambitious undertaking.

Sector-Specific Achievements: A Closer Look

The Prime Minister shared several compelling examples to illustrate the remarkable progress made across various industries over the past ten years:

Mobile Manufacturing: A Revolution in Production and Exports

• From 2 to 200+: In 2014, India had only two mobile manufacturing units. Today, that number has exploded to over 200.
• Export Growth: Mobile exports have seen an astounding increase of 7,500%, reaching Rs 1.2 trillion.
• Domestic Production: An impressive 99% of mobile phones used in India are now manufactured domestically.
• Global Standing: India has become the second-largest mobile manufacturer in the world.

Steel Industry: Turning the Tables on Imports

• Net Exporter Status: India has transitioned from being a net importer to a net exporter of finished steel.
• Production Boost: Steel production has increased by over 50% since 2014.

Semiconductors: Investing in the Future

• Massive Investments: The semiconductor manufacturing sector has attracted investments worth over Rs 1.5 trillion.
• Production Capacity: New plants are set to produce more than 70 million chips daily.

Renewable Energy and Electric Vehicles: Powering a Greener Future

• Global Ranking: India now stands as the fourth-largest producer of renewable energy.
• Capacity Growth: The country has seen a 400% increase in renewable energy capacity over the last decade.
• EV Industry Boom: The electric vehicle sector, virtually non-existent in 2014, has grown into a $3 billion industry.

Defence Exports: From Importer to Exporter

• Export Surge: Defence production exports have skyrocketed from Rs 1,000 crore to Rs 21,000 crore.
• Global Reach: Indian-made defence products are now exported to over 85 countries.

Driving Forces Behind the Success

Production-Linked Incentive (PLI) Schemes

Modi emphasized the crucial role played by the production-linked incentive (PLI) schemes in fueling the Make in India initiative:

• Investment Attraction: These schemes have successfully drawn substantial investments across various sectors.
• Job Creation: PLI schemes have been instrumental in generating lakhs of new employment opportunities.

Ease of Doing Business Reforms

The Prime Minister also highlighted the government’s concerted efforts to enhance the ease of doing business in India:

• Streamlined Processes: Reforms have simplified regulatory procedures and reduced bureaucratic hurdles.
• Investor Confidence: These improvements have boosted investor confidence and attracted both domestic and foreign investments.

Looking Ahead: The Next Decade of Make in India

As the initiative enters its second decade, Modi outlined his vision for the future and called upon India’s youth to take Make in India to even greater heights:

Focus on Quality and Excellence

• Global Standards: Emphasis on producing goods and services that meet and exceed international quality benchmarks.
• Innovation Hub: Positioning India as a center for cutting-edge research and development.

India’s Role in the Global Supply Chain

Modi stressed India’s growing importance in the global economic landscape:

• Key Player Status: India is increasingly seen as a crucial link in the global supply chain.
• Unique Advantages: The nation leverages its democracy, demography, and demand to power global growth.

A Vision of Self-Reliance and Global Leadership

The Prime Minister concluded with an inspiring vision for India’s future:

• Meeting Domestic Needs: Strengthening the country’s ability to cater to its own requirements across sectors.
• Global Manufacturing Powerhouse: Establishing India as a go-to destination for manufacturing and innovation on the world stage.

As Make in India enters its second decade, the initiative stands as a testament to the transformative power of a clear vision, dedicated implementation, and the collective efforts of a nation. With continued focus and innovation, India is poised to further cement its position as a global manufacturing and innovation leader in the years to come.