Prime Minister Narendra Modi will launch the “Make in India” programme on Thursday, ahead of his maiden visit to the US, rolling out the red carpet to investors through a string of measures including easier norms.
Reliance Industries chairman Mukesh Ambani, Essar Group chairman Shashi Ruia and many other global and domestic CEOs are expected to attend the event.
In terms of size and reach, the “Make in India” launch will be grander than the Teacher’s Day programme in Modi addressed school students across the country, sources said.
HT had first reported on September 14 about the details of the government’s plans to launch the signature programme “The Make in India campaign is one of the key missions of the government and companies from India and outside are being welcomed to expand and set up facilities for manufacturing in India — for servicing the domestic and global markets. CEOs of important manufacturing companies will be present,” the official invite sent by the government said.
Other CEOs likely to be present at the launch include Tata Group chairman Cyrus Mistry, Mahindra Group CMD Anand Mahindra, Biocon CMD Kiran Mazumdar-Shaw and ITC chairman YC Deveshvar among others.
Industry associations including the Confederation of Indian Industry and the Federation of Indian Chambers of Commerce and Industry have been co-opted for the programme in which state governments have been advised to identify specific obstacles that needs ironing out to enable faster investment flow.
The programme, which will be beamed live across India and the world, will lay down the contours of the government’s plans to make India compete with emerging market peers, particularly China, as the world’s manufacturing factory, with Modi personally reaching out to thousands of global CEOs and corporate influencers in a grand sales pitch.
The “Make in India” programme, first mooted by the Prime Minister during his Independence Day speech last month, will lay special emphasis on 25 sectors.