India marks 10 years of `Make in India` initiative
India marked 10 years of 'Make in India' initiative, which was launched on September 25, 2014. The initiative was conceived during a period when India's economic growth had sharply declined, and the country faced critical challenges in sustaining its development trajectory. Against this backdrop, ‘Make in India’ was designed to transform India into a global hub for design and manufacturing.
Its core objectives were to facilitate investment, encourage innovation, and develop world-class infrastructure. As one of the pioneering ‘Vocal for Local’ initiatives, it sought not only to boost India's manufacturing capabilities but also to showcase its industrial potential on a global stage.
On this occasion of the 10th anniversary of the ‘Make in India’ initiative, Union Minister of Commerce and Industry, Piyush Goyal noted significant progress in manufacturing, increased investments, and job creation. He pointed to improvements in ease of doing business, driven by digitization and procedural simplifications, and emphasized India's rise as the world's second-largest mobile phone manufacturer.
The minister credited zero tolerance for corruption and targeted sectoral efforts for attracting both domestic and international investments. Looking ahead, he expressed confidence in further growth in the manufacturing sector and its contribution to the economy. He said ‘We are seeing very big investment plans on the anvil which will create millions of jobs and expand our manufacturing contribution to the economy.’
