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Mahesh

30/09/24 14:34 PM IST

Make in India Celebrates 10 Years

In News
  • The ‘Make in India’ initiative, launched on 25th September 2014, completes a landmark decade of empowering India to become a global manufacturing hub.
Make in India
  • The campaign was launched to facilitate investment, foster innovation, enhance skill development, protect intellectual property & build best-in-class manufacturing infrastructure. 
Objectives
  • Increase the growth rate of the manufacturing sector to 12-14% per annum.
  • Create 100 million additional manufacturing jobs by 2022 (revised to 2025).
  • Increase the manufacturing sector's contribution to GDP to 25% by 2025. 
Pillars of ‘Make in India’
  • New Processes: Recognized 'ease of doing business' as vital for entrepreneurship, implementing measures to improve the business environment for startups and established enterprises.
  • New Infrastructure: The government prioritised developing industrial corridors and smart cities to create world-class infrastructure.  
  • It also enhanced innovation and research through streamlined registration systems and improved intellectual property rights (IPR) infrastructure.  
Achievements
  • Global Supply of Vaccination: India achieved record Covid-19 vaccination coverage, powered by indigenous vaccines, and emerged as a leading exporter, supplying nearly 60% of the world's vaccines.
  • Vande Bharat Trains: It is India’s first indigenous semi-high-speed trains, exemplifying the 'Make in India' initiative. 
  • Currently, 102 services (51 trains) are operational, enhancing connectivity and showcasing advancements in rail technology.
  • Defence Production Milestones: The launch of INS Vikrant, India's first domestically produced aircraft carrier, signifies progress in self-reliance in defence. 
  • In 2023-24, defence production reached Rs. 1.27 lakh crore, with exports to over 90 countries.
  • Electronics Sector Growth: India’s electronics sector has expanded to USD 155 billion in FY23, with production nearly doubling since FY17. Mobile phones account for 43% of this production, establishing India as the second-largest mobile manufacturer globally. 
Source- PIB

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