PM Modi to inaugurate Make in India week today | business | Hindustan Times
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PM Modi to inaugurate Make in India week today

business Updated: Feb 13, 2016 01:41 IST
HT Correspondent
HT Correspondent
Hindustan Times
Make in India Week

A motorist rides past a wall bearing the image of the mascot for 'Make in India Week' in Mumbai.(AFP)

Prime Minister Narendra Modi will inaugurate the Make in India week in Mumbai on Saturday, a programme claimed to be the biggest multi-sectoral event in Asia, and one of the biggest in the world.

Government officials, previewing the event a day before the inauguration, said five partner countries — Sweden, Germany, Poland, Australia and Korea — will participate. More than 1,000 global and over 8,000 Indian firms are scheduled to display their manufacturing abilities, which will provide a boost to the sector, which has been over the years overtaken by services.

“It is an opportunity for all firms to showcase their manufacturing prowess, and will see participation of all international companies that have export hubs in India,” a senior government official said.

Over 3,000 bilateral meetings are expected to be held while a number of business-to-business (B2B) and business-to-government (B2G) transactions are likely to be concluded, the official added.

Industrial delegates from 78 countries are slated to attend the event, including government delegations from 64 countries.

Keeping in mind the focus on start-ups, a start-up contest is scheduled to be held with a Rs 2-crore prize to be won on the spot. All Indian Institutes of Technology (IITs) and premier engineering institutes, and over 13 international institutes are also participating in the event.

The government has instituted awards in various categories, including ‘Best manufacturer’, ‘Best Innovator’, and ‘Best Young Creator.’

The Indian Navy is also organising an exhibition on maritime design and manufacturing.