10 Years of Make in India: Transforming a Vision into Reality
10 Years of Make in India: Transforming a Vision into Reality
Launched on September 25, 2014, Prime Minister Narendra Modi’s “Make in India” initiative aimed to transform India into a global hub for design and manufacturing. Ten years later, the initiative has revitalized India’s economy and positioned the country as a rising manufacturing powerhouse. Prime Minister Modi expressed heartfelt gratitude to every contributor, describing the movement as a collective triumph. “Bharat is unstoppable,” he remarked, acknowledging the relentless efforts that made this dream a reality. Union Minister Shri Piyush Goyal echoed these sentiments, emphasizing the remarkable progress in manufacturing, investment growth and job creation.
With a commitment to improving ease of doing business through digitization and simplified processes, India has become the world’s second-largest mobile phone manufacturer. This journey, powered by transparency, targeted policies and an unwavering focus on integrity, has transformed the industrial landscape of the nation. The initiative has promoted locally manufactured goods globally, expanded into 27 industries under the “Make in India 2.0” banner and attracted significant investments from around the world.
India now leads in vaccine production, supplying 60% of the world’s vaccines and has advanced manufacturing capabilities in defense, electronics, textiles and renewable energy. The launch of INS Vikrant, the nation’s first indigenous aircraft carrier and the success of the Vande Bharat trains showcase India’s advanced manufacturing capabilities. Additionally, the electronics sector has flourished, with mobile phones now accounting for nearly half of the country’s electronics output.
The Production Linked Incentive (PLI) schemes, with a massive outlay of ₹1.97 lakh crore, have invigorated 14 key sectors, encouraging investment in cutting-edge technologies. These schemes alone have generated over 8 lakh jobs and attracted ₹1.23 lakh crore in investments. The PM GatiShakti initiative has redefined infrastructure development by integrating transport networks, reducing bottlenecks and enhancing logistics efficiency. Meanwhile, the National Logistics Policy (NLP) aims to bring down logistics costs and position India among the top 25 countries in logistics performance by 2030.
Recognizing the growing importance of semiconductors, the government launched the Semicon India Program, which has attracted investments from major players like Micron and Tata. These efforts not only boost manufacturing but also place India at the forefront of the global semiconductor race. Beyond manufacturing, “Make in India” has fostered an environment conducive to innovation. The Startup India initiative has propelled India to the third-largest startup ecosystem globally, creating over 15.5 lakh jobs. Tax reforms like the Goods and Services Tax (GST) have further simplified the business landscape, enabling Indian manufacturers to compete globally by reducing production costs.
“Make in India” has reshaped how the world perceives Indian manufacturing. From exporting merchandise worth $437.06 billion in FY 2023-24 to becoming a trusted supplier of high-quality products like Kashmir willow bats and ‘Made in Bihar’ boots, Indian goods are making their mark globally. Even Indian dairy giant Amul has expanded its footprint to the U.S., symbolizing the global appeal of Indian innovation. As India celebrates this decade of transformation, the future looks brighter than ever. The initiative’s vision of a $5 trillion economy by 2025 seems within reach, thanks to the continued focus on innovation, infrastructure and inclusive growth. Programs like the PLI schemes, PM GatiShakti and the Semicon India Program will ensure India remains a key player in global manufacturing for years to come. In the words of Prime Minister Modi, the success of “Make in India” is a testament to the nation’s determination and collaborative spirit. With a strong foundation built over the past decade, India is poised to achieve new heights, transforming into a global manufacturing leader while empowering its people and industries.