PM Narendra Modi marked the 10th anniversary of ‘Make in India’ campaign by striking an upbeat note about the prospects of manufacturing in India, asserting there is a lot going for India and it has capabilities to be a key player in the global supply chain and is a reliable partner for business.
The PM took to LinkedIn to celebrate a decade of the drive to turn India into a manufacturing hub, his post making a push for and argued that the “momentum is in India’s favour”.
“Despite facing unprecedented challenges like the global pandemic, India has remained firmly on the growth track. Today, we are being seen as drivers of global growth,” the PM said.
The PM emphasised that the initiative has helped boost exports, push investments, promote manufacturing and usher in ease of doing business. “The impact of ‘Make in India’ shows that Bharat is unstoppable... The imprint of ‘Make in India’ has become visible across sectors, including areas where we never even dreamt of making an impact,” the PM said, citing the experience of manufacturing of mobile phones and the steel sector.
He said from two mobile manufacturing units a decade ago, the number has soared to 200 now and exports have skyrocketed 7,500% to £12 bn. “Look at our steel industry - we have become a net exporter of finished steel, with production increasing by over 50% since 2014,” he added. He also listed semiconductors, renewable energy and defence as success stories.
He said that the production-linked incentives (PLI ) scheme, focusing on 14 sectors, has been a game changer, channelising large investments and generating millions of jobs.
Modi emphasised the need for popular support for the success of ‘Make in India’.
“During one of the ‘Mann Ki Baat’ programmes, I had spoken about the need to have a vibrant toys industry and our people showed how that is done! Over the years, we have seen exports increase by 239%, with imports halved, particularly benefiting our local manufacturers and sellers, not to mention the little children as well!”, he said.
“Today, we are being seen as drivers of global growth. I call upon my young friends to come and join us in taking Make in India to new heights. We all must strive for excellence. Delivering quality should be our commitment... Zero defect should be our mantra. Together, we can continue to build an India that not only meets its own needs but also serves as a manufacturing and innovation powerhouse for the world,” he added.
