Make in India 10th anniversary: PM Modi thanks all for 'roaring success'

Mobile manufacturing to renewable energy & electric vehicles, Prime Minister Narendra Modi highlights success under India's Make in India initiative which started September 25

Make in India
Make in India (Image: PM Modi on LinkedIn)
Vasudha Mukherjee New Delhi
3 min read Last Updated : Sep 25 2024 | 5:33 PM IST
As the ‘Make in India’ initiative marks its 10-year milestone, Prime Minister Narendra Modi took to LinkedIn to reflect on the successes and impact of the campaign, while encouraging further growth. In his post, he praised the relentless efforts of Indians across industries who contributed to making the initiative a “roaring success”, and transforming it into a global movement that highlights India as a hub of manufacturing and innovation.

In a post on X, the Prime Minister also wrote,"Today, we mark #10YearsOfMakeInIndia. I compliment all those who are tirelessly working to make this movement a success over the last decade. ‘Make in India’ illustrates the collective resolve of 140 crore Indians to make our nation a powerhouse of manufacturing and innovation. It’s noteworthy how exports have risen in various sectors, capacities have been built, and thus, the economy has been strengthened."
Modi shared specific examples to illustrate the tremendous progress over the past decade:

Mobile manufacturing: From just two mobile manufacturing units in 2014, India now boasts over 200, with mobile exports skyrocketing by an astonishing 7,500 per cent to Rs 1.2 trillion. Today, 99 per cent of the mobile phones used in India are made domestically, making India the second-largest mobile manufacturer in the world.

Steel industry: India has become a net exporter of finished steel, with production up by over 50 per cent since 2014.

Semiconductors: Investments worth over Rs 1.5 trillion have been made in the semiconductor manufacturing sector, with new plants set to produce more than 70 million chips daily.

Renewable energy & electric vehicles (EVs): India is now the fourth largest producer of renewable energy, with a 400 per cent increase in capacity over the last decade. The electric vehicle industry, almost non-existent in 2014, is now valued at $3 billion.

Defence exports: Defence production exports surged from Rs 1,000 crore to Rs 21,000 crore, with Indian-made products reaching over 85 countries.

Production-linked incentives

The PM also emphasised the role of the production-linked incentive (PLI) schemes, which have driven substantial investments and created lakhs of jobs, as well as the government’s efforts to enhance the ease of doing business.

Looking forward, Modi urged India’s youth to take Make in India to even greater heights, with a focus on quality and excellence. He emphasised that India is now seen as a key player in the global supply chain, blending democracy, demography, and demand to power global growth. Modi concluded with a vision of a nation that not only meets its own needs but serves as a manufacturing and innovation powerhouse for the world.
 
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Narendra ModiMake in IndiaMake in India defenceIndia's manufacturing sectormanufacturing BS Web Reports

First Published: Sep 25 2024 | 5:33 PM IST

Next Story