Sign in

As 'Make in India' turns 10, PM Modi lauds key achievements: ‘Many of the icons…’

The 'Make in India' campaign, launched in 2014, aimed to boost the country's manufacturing sector and reduce dependency on imports.

Published on: Sep 25, 2024, 17:50:27 IST
Share
Share via
  • facebook
  • twitter
  • linkedin
  • whatsapp
Copy link
  • copy link

Prime Minister Narendra Modi on Wednesday celebrated the 10th anniversary of the ‘Make in India’ initiative, lauding the country’s achievements in manufacturing and its growing role in the global economy.

During the launch of Make in India in 2014, Prime Minister Narendra Modi announced that the Centre would push for India’s ease of Doing Business ranking to be within the top 50. (AP)
During the launch of Make in India in 2014, Prime Minister Narendra Modi announced that the Centre would push for India’s ease of Doing Business ranking to be within the top 50. (AP)

In a LinkedIn post, Modi described the initiative as a "roaring success" that has transformed India from a nation reliant on imports to an emerging manufacturing hub. He credited the progress to the "tireless efforts" of citizens, calling them pioneers, visionaries, and innovators.

"The impact of 'Make in India' shows that Bharat is unstoppable," he said.

Also Read | Piyush Goyal on 10 years of ‘Make in India’: ‘World looks up to India’

The 'Make in India' campaign, launched in 2014, aimed to boost the country's manufacturing sector and reduce dependency on imports. Highlighting major achievements, Modi pointed to the exponential growth in mobile manufacturing, a sector that had only two units in the country in 2014.

"Today, that number has risen to over 200," he noted, adding that mobile exports surged from 1,556 crore to 1.2 lakh crore, a staggering 7,500% increase.

He also emphasized that 99% of mobile phones used in India are now domestically produced, making the country the second-largest mobile manufacturer globally.

Other sectors, including steel, semiconductors, renewable energy, electric vehicles, and defence, have also seen significant growth.

Modi highlighted that India has become a net exporter of finished steel, while investments in semiconductor manufacturing have surpassed 1.5 lakh crore, with new plants set to produce over seven crore chips daily.

“In renewable energy, we are the 4th largest producer globally, with capacity increasing by 400% in just a decade. Our electric vehicle industry, practically non-existent in 2014, is now worth $3 billion,” the prime minister wrote.

Also Read | Russian Army marches with ‘Made in Bihar’ safety shoes from Hajipur

Modi also praised the defence sector, noting that exports have grown from 1,000 crore to 21,000 crore, reaching more than 85 nations. He pointed out the success of the country’s burgeoning toy industry, with exports rising 239% while imports have halved.

He further highlighted the growth of niche sectors, such as the toy industry, which has seen exports increase by 239% while imports have been halved, benefitting local manufacturers.

According to Modi, the ‘Make in India’ initiative has played a key role in empowering ordinary citizens, particularly in the MSME (Micro, Small and Medium Enterprises) sector.

"It has given the poor the wings to dream big and aspire – it has given them the confidence that they can be wealth creators," he said.

The prime minister credited government measures like the Production Linked Incentive (PLI) schemes for driving thousands of crores in investment and creating millions of jobs, as well as improving ease of doing business.

“Many of the icons of today’s India – our Vande Bharat trains, BrahMos missiles, and the mobile phones in our hands – all proudly bear the Make in India label. From electronics to the space sector, it represents Indian ingenuity and quality,” Modi said.

“Reflecting on this past decade, I cannot but be filled with a sense of pride in how far the strength and skills of 140 crore Indians have got us. The imprint of ‘Make in India’ has become visible across sectors, including areas where we never even dreamt of making an impact,” he added.

Modi's message to youth

Modi expressed optimism about India's future role in the global economy, citing the country’s "perfect blend of democracy, demography and demand." He called on young entrepreneurs to continue propelling the country forward, stressing the importance of quality manufacturing and innovation.

“We all must strive for excellence. Delivery quality should be our commitment. Zero defect should be our mantra. Together, we can continue to build an India that not only meets its own needs but also serves as a manufacturing and innovation powerhouse for the world.”

  • HT News Desk
    ABOUT THE AUTHOR
    HT News Desk

    Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.