PM Modi Dream Project Make in India: Due to Make in India, India has developed in every field.
PM Modi Dream Project Make in India: The ‘Make in India’ initiative completed ten years on Wednesday. Prime Minister Narendra Modi announced it in his first Independence Day speech at the Red Fort in 2014. The ‘Make in India’ initiative was launched on 25 September 2014. According to the Commerce Ministry, the initiative to make India a global manufacturing hub in many key sectors has progressed in the last ten years. Domestic and foreign investment has increased in the manufacturing sector and 8.5 lakh new employment opportunities have been created under the Production Linked Incentive (PLI) Scheme.
picture of the future
“Come, Make in India…”While meeting leading global tech CEOs in New York last Sunday, Prime Minister Narendra Modi invited them to invest in India’s future under ‘Make in India’. The Prime Minister’s focus was on encouraging global tech companies to co-develop, co-design and co-produce products in India in sectors such as AI applications, data centres, power and energy. The Department for Promotion of Indian Industry and Trade (DPIIT) in the Commerce Ministry has released key facts related to Make in India. Obviously, the challenge now will be to take the Make in India initiative forward in a better way.
A salute to every innovator and wealth creator who has powered the spirit of @makeinindiaThis initiative has further growth and given wings for our Yuva Shakti to dream big! Penned a few thoughts on @LinkedIn.https://t.co/JTXZL5cPxp #10YearsOfMakeInIndia
— Narendra Modi (@narendramodi) September 25, 2024
Prime Minister Narendra Modi tweeted on Wednesday, “‘Make in India’ reflects the collective resolve of 140 crore Indians to make our country a powerhouse of manufacturing and innovation. It is noteworthy that exports have increased in various sectors, new capacities have been created and the economy has strengthened. The Government of India is committed to taking the ‘Make in India’ scheme forward.”
10 years of ‘Make in India’:
- In the last ten years, India has become the second largest mobile manufacturing hub in the world.
- Under the Production Linked Incentive Scheme, an investment of Rs 1,46,000 crore has come in different sectors.
- In the last 10 years, one startup was set up every hour in India. This created 15 lakh employment opportunities.
- By June 2024, production/sales worth Rs 10.90 lakh crore were achieved under the Production Linked Incentive (PLI) scheme.
- The highest investment of Rs 30,370 crore came in PV Solar Modules, while the Pharmaceutical Drugs sector received an investment of Rs 29,482 crore.
- During this period, about 8.5 lakh new employment opportunities were created under the Production Linked Incentive (PLI) scheme.
- FDI Equity Inflow increased by 69% to reach $165 billion during 2014-2024 compared to 2004-2014.
- India became the fourth largest automobile market in the world.
- Defense production will increase to Rs 127000 crore in 2023-24.
- India has become the supplier of 50% of the vaccines in the world, while India’s capacity in the renewable energy sector ranks fourth in the world.
- Now the Government of India is preparing to take forward new schemes like Semiconductor Ecosystem Development worth ₹76,000 crore.
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