Achievements and Challenges of a Decade of 'Make in India'

The 'Make in India' initiative, launched in 2014, marks a significant milestone as it completes a decade of efforts to position India as a global manufacturing hub.

- Ankit Singh

The campaign was designed to attract investment, foster innovation, improve skill development, protect intellectual property, and build world-class manufacturing infrastructure.

Key Initiatives Driving 'Make in India'

Production Linked Incentive (PLI) Schemes: The PLI schemes aim to boost domestic manufacturing and exports across 14 key sectors. By July 2024, total investments had reached ₹1.23 lakh crore, creating approximately 8 lakh jobs.

PM GatiShakti: Launched with the goal of achieving a USD 5 trillion economy by 2025, this initiative focuses on establishing multimodal connectivity infrastructure. It operates through seven primary sectors: Railways, Roads, Ports, Waterways, Airports, Mass Transport, and Logistics Infrastructure.

Semiconductor Ecosystem Development: The Semicon India Programme, approved in 2021, aims to develop a sustainable semiconductor and display ecosystem in India.

National Logistics Policy (NLP): This policy seeks to enhance India's logistics sector using advanced technology, better processes, and skilled manpower. It aims to reduce logistics costs, improve India's Logistics Performance Index (LPI) ranking to the top 25 by 2030, and create a data-driven decision support system.

Industrialization and Urbanization: The National Industrial Corridor Development Programme is India's flagship infrastructure initiative, aimed at developing smart cities and advanced industrial hubs.