Under the programme, the government has laid a special emphasis on encouraging major national and international corporations to manufacture their products in India. This is also aimed at job creation and skill enhancement in 25 key sectors, with an eye on propelling the domestic economy.
1. Automobiles
2. Automobile components
5. Chemicals
6. Construction
10. Food Processing
12. Leather
Ever since the initiative was unveiled, a plethora of deals and announcements have been made to strengthen the manufacturing base in the country. Here are some of the major deals and announcements that were made in key sectors:
Spice Group: In January 2015, Spice announces a Rs 500-crore investment in setting up a manufacturing unit in Uttar Pradesh. The company also signs a Memorandum of Understanding (MoU) with the state government for setting up the factory.
Samsung: In May 2015, Samsung India signed an agreement with the micro, small and medium enterprises ministry to open MSME-Samsung Digital Academy. Under this, the company will offer the digital academy courses in collaboration with the ministry and train young minds on developing apps that run on the Tizen OS across a multitude of devices like smart phones, televisions and tablets.
Foxconn: In August 2015, Foxconn, the world’s largest contract-manufacturing firm for consumer electronics, signed an MoU with the Maharashtra government to invest $5 billion over three years in setting up a manufacturing unit in the state.
Lenovo: In August 2015, Chinese personal computer and smartphone maker Lenovo said it would start local manufacturing of Lenovo and Motorola smartphones in Sriperumbudur, near Chennai. The company had roped in Flextronics, a large electronics contract manufacturer and a competitor of Foxconn’s, to manufacture the phones at its unit.
Optiemus-Wistron: In November 2015, India-based Optiemus Infracom, a $650-million telecom equipment maker, tied up with Taiwan’s Wistron Corporation to set up a facility in India to make smartphones. Over the next five years, the two are expected to invest $200 million in the manufacturing facility in Noida. Optiemus manufactures handsets for HTC.
Automobile
Railways
Aviation/Defence
LH Aviation-OIS: In June 2015, France-based LH Aviation signed an MoU with OIS Advanced Technologies to set up a manufacturing plant in India to manufacture drones.
Boeing: In October 2015, US aviation manufacturer Boeing decided to assemble one of its two helicopters — Chinook heavy-lift and Apache attack types — in India. The announcement came after US and Indian officials in September signed two contracts for the purchase by the Indian Air Force (IAF) of 22 AH-64E Apache attack helicopters, and 15 CH-47F Chinook multi-mission heavy lift helicopters.
Tata Motors: The defence ministry is auctioning a Rs 60,000 crore ($8.8 billion) contract to design and build a Fighting Infantry Combat Vehicle (FICV) in India. The contract will be awarded in 2016. Tata Motors, one of the country’s largest auto maker, is in the running to bag the contract.
Rostech-HAL: In December 2015, Russia’s Rostech State Corporation tied up with Hindustan Aeronautics Ltd for manufacture of at least 200 Kamov 226T light helicopters to replace the ageing fleet of Cheetah and Chetak, in a deal estimated to be worth $1 billion under the ‘Make in India’ initiative. This came after a defence deal was signed during Modi’s visit to Russia in December 2015 which will see the Kamov Ka-226 multi-role helicopter being built in India.
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