Prime Minister Narendra Modi has shared his reflections on the 10-year journey of the ‘Make in India’ initiative, marking it as a key milestone in transforming India’s manufacturing sector. In a LinkedIn post, Modi praised the efforts of industries and individuals who have contributed to the success of the program, which has placed India on the global map as a manufacturing hub.
Make in India’s Growth Over the Decade
Launched in 2014, the Make in India initiative aimed to boost domestic manufacturing and attract foreign investments. The results have been transformative for several industries. Modi highlighted key sectors where the program has seen exceptional growth:
- Mobile Manufacturing: India moved from just 2 manufacturing units in 2014 to over 200 today. Mobile exports have surged by 7,500%, making India the second-largest mobile producer globally.
- Steel Industry: India has transitioned from being a net importer to a net exporter of finished steel, with production increasing by over 50%.
- Renewable Energy: India is now the world’s fourth-largest producer of renewable energy, with a 400% increase in capacity over the past decade.
Driving Forces Behind Make in India’s Success
The Production-Linked Incentive (PLI) schemes have played a vital role in attracting investments and creating jobs. Additionally, Ease of Doing Business reforms have helped streamline processes and reduce barriers, encouraging both domestic and foreign investments.
Global and National Impact of Make in India
The initiative has placed India as a key player in the global supply chain. It has contributed to positioning the country as a major destination for manufacturing, innovation, and green energy. The growth in sectors like electric vehicles, semiconductors, and defence has not only strengthened the economy but also aligned with global sustainability goals.
Looking Ahead: Vision for the Next Decade
As Make in India enters its second decade, Modi’s vision focuses on achieving global standards in manufacturing and enhancing India’s role in the world economy. With continued emphasis on quality, innovation, and sustainability, India is set to become a leader in various industries, especially in green technologies and advanced manufacturing.
10 Years of Make in India- Key Industry Growth
| Sector | Growth/Change | Global Standing |
| Mobile Manufacturing | 2 units (2014) → 200+ units (2024) | 2nd largest mobile producer |
| Steel Industry | 50% increase in production | Net exporter of finished steel |
| Renewable Energy | 400% capacity growth | 4th largest producer of renewable energy |
| Defence Exports | ₹1,000 crore → ₹21,000 crore | Exports to over 85 countries |
10 Years of Make in India- Key Achievements:
- Over 200 mobile manufacturing units now in India.
- A 50% increase in steel production since 2014.
- India is the fourth-largest producer of renewable energy.
- Defence exports have grown from ₹1,000 crore to ₹21,000 crore.
- PLI schemes have attracted significant investments and created jobs.
Read More September Current Affairs
Make in India is a government program launched in 2014 to boost domestic manufacturing and attract foreign investments.
Key achievements include India becoming the second-largest mobile manufacturer and a net exporter of finished steel.
India is now the fourth-largest producer of renewable energy, with a 400% capacity increase in the past decade.
PLI schemes helped attract investments and generate employment across various sectors.
The future vision focuses on maintaining global standards in manufacturing, innovation, and enhancing India’s role in the global economy.
