About Make in India Launched on September 25, 2014, the "Make in India" initiative is a pivotal step in India's nation-building efforts. 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. Make in India 2.0 The initiative’s focus on developing a robust manufacturing sector promises to elevate India's economic trajectory and generate employment opportunities for its vast young workforce. Now, with the "Make in India 2.0" phase encompassing 27 sectors, the program continues to drive forward with significant achievements and renewed vigour, reinforcing India's position as a major player in the global manufacturing landscape. Pillars of ‘Make in India’ New Processes: The "Make in India" initiative identified 'ease of doing business' as a crucial factor for promoting entrepreneurship. Several measures were implemented to enhance the business environment, making it more conducive for startups and established enterprises alike. New Infrastructure: The government focused on developing industrial corridors and smart cities, integrating state-of-the-art technology and high-speed communication to create world-class infrastructure. Innovation and research were supported through streamlined registration systems and improved intellectual property rights (IPR) infrastructure. Efforts were made to identify industry skill requirements and develop the workforce accordingly. New Sectors: Foreign Direct Investment (FDI) was significantly opened up in various sectors including Defence Production, Insurance, Medical Devices, Construction, and Railway infrastructure. This expansion also included easing FDI regulations in Insurance and Medical Devices, encouraging international investment and growth. New Mindset: The government embraced a role as a facilitator rather than a regulator, partnering with industry to drive the country’s economic development. This shift aimed to foster a collaborative environment that supported industrial growth and innovation Major Initiatives Taken to Enable Make in India "Make in India" initiative has been a cornerstone in transforming India into a global manufacturing hub. With a strong focus on enhancing industrial capabilities, fostering innovation, and creating world-class infrastructure, the initiative aims to position India as a key player in the global economy. Supported by major programs like Production Linked Incentive (PLI) Schemes, PM GatiShakti, the National Logistics Policy, and comprehensive tax reforms like the Goods and Services Tax (GST), "Make in India" continues to drive economic growth, job creation, and global competitiveness. Major Achievements under Make in India Powered by indigenously produced vaccines, India not only achieved COVID-19 vaccination coverage in record time but also became a major exporter of much-needed life-saving vaccines to many developing and underdeveloped countries across the world. India supplies nearly 60% of the world's vaccines, meaning every second vaccine globally is proudly made in India Vande Bharat Trains, India’s first indigenous semi-high-speed trains, are a shining example of the success of the 'Make in India' initiative. Featuring state-of-the-art coaches, these trains offer passengers a modern and enhanced travel experience India is achieving remarkable milestones in defence production, exemplified by the launch of INS Vikrant, the country's first domestically made aircraft carrier. This initiative is part of India's broader goal to reduce imports and become self-reliant (Atmanirbhar) in the defence sector India’s electronics sector has experienced rapid growth, reaching USD 155 billion in FY23. Production nearly doubled from USD 48 billion in FY17 to USD 101 billion in FY23, driven primarily by mobile phones, which now constitute 43% of total electronics production. India is the second-largest mobile manufacturer in the world and has significantly reduced its reliance on smartphone imports, now manufacturing 99% domestically. India recorded merchandise exports worth $437.06 billion in FY 2023-24, reflecting the country's growing role in global trade. Indian bicycles have gained international acclaim, with exports to the UK, Germany, and the Netherlands soaring. This surge highlights the global recognition of Indian engineering and design. The textile industry has created a staggering 14.5 crore jobs across the country, significantly contributing to India's employment landscape India produces an impressive 400 million toys annually, with 10 new toys being created every second. Source: Make in India website