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When the ‘Make in India’ initiative was launched in 2014, the primary objective was clear: to transform India into a global manufacturing hub by encouraging both multinational and domestic companies to manufacture their products within the country. The vision extended beyond mere production; it aimed to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build world-class infrastructure.
One of the most significant achievements of the initiative has been its success in attracting foreign direct investment (FDI). According to research spanning from 1991 to 2018, FDI has had a threefold increase in its growth rate during the second decade, particularly in the service sector. The banking and insurance sectors topped the list of major FDI proposals, followed by the telecommunications sector. Although FDI’s direct correlation with employment generation in India is nuanced, the service sector has notably benefited from job creation. Moreover, recent statistics indicate that FDI has played a pivotal role in enhancing job opportunities in various sectors, thereby contributing to economic growth.
Moreover, recent GDP figures underline India’s economic trajectory. As per data from the Ministry of Statistics and Programme Implementation released on November 30, 2023, the real GDP, or GDP at constant (2011–12) prices in Q2 2023–24, is estimated to be Rs 41.74 lakh crore, reflecting a growth rate of 7.6 percent compared to 6.2 percent in Q2 2022–23. This growth signifies the resilience and momentum of the Indian economy, further propelled by initiatives like ‘Make in India.’
Denne historien er fra January 2024-utgaven av The Machinist.
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Denne historien er fra January 2024-utgaven av The Machinist.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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LOGIQUICK DRIVES INNOVATION IN HOLE MAKING WITH ISCAR'S REVOLUTIONARY SOLUTIONS
ISCAR'S SUMOCHAM line, a flagship series of drills with exchangeable carbide cutting heads, continues to set benchmarks in the machining industry. Renowned for its productivity, reliability, and versatility, SUMOCHAM has redefined the standards of highspeed drilling.
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VISION FOR CNC INNOVATION AND AUTOMATION IN INDIA
At IMTEX 2025, ET Now Machinist spoke with Christian Müller, CSO of Grob, about the company's CNC advancements, automation solutions, and expansion plans for the Indian market.
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SHAPING THE FUTURE OF CUTTING TOOLS
At IMTEX 2025, Nisha Shukla of ET Now Machinist spoke with Giridhar Gopal, Director & CEO of Addison & Company Ltd., about the company's innovations, R&D advancements, and future plans for the evolving cutting tool industry.
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DRIVING THE FUTURE OF ELECTRIC MOBILITY
In an insightful conversation, Amit Shanbaug, Editor of ET Now Machinist, spoke with Dr. Sudhir Mehta, Founder and Chairman of EKA Mobility about the journey of his company in India's electric vehicle space, the challenges and opportunities in the sector, and how electric mobility, sustainability, and innovation are shaping India's commercial EV revolution.
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INNOVATING FOR A GREENER FUTURE
At IMTEX 2025, Amit Shanbaug of ET Now Machinist spoke with Melissa Albeck of Ceratizit about the company's latest product innovations, sustainability efforts, and ambitious expansion plans in India.
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ACHIEVING UNMATCHED PRECISION IN EVERY DETAIL
At IMTEX 2025, Amit Shanbaug of ET Now Machinist spoke with Cosimo Cereda, Sales Director at Marposs, about the company's latest innovations, their presence in emerging markets and plans for the Indian market.
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A SYMBOL OF RESILIENCE, VISION AND INNOVATION
Saket Bhartia, Managing Director of Zavenir Daubert India, discussed how a tragic event prompted the development of a world-class facility that reflects the company's commitment to growth, innovation, sustainability, and well-being. In an interview with Nisha Shukla, he also explored key target markets and shared insights about future plans.
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ADVANCING MACHINE TOOL AUTOMATION WITH FUTURE-READY SOLUTIONS
At IMTEX 2025, Amit Shanbaug of ET Now Machinist spoke with Ajey Phatak, Country Manager - Marketing, Beckhoff India, and Pavan Sardarjoshi, Senior Application Manager & Motion Product Specialist about their latest automation technologies, sustainable solutions, and future plans for the Indian market.
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BRINGING SMART AUTOMATION TO ALL
At IMTEX 2025, ET Now Machinist's Amit Shanbaug spoke with Rahul Desale, Senior Marketing and Communications Manager at Renishaw India, about the company's latest innovations in CNC process control, smart manufacturing, and automation accessibility.
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INNOVATING FOR SUSTAINABILITY
At IMTEX 2025, Amit Shanbaug of ET Now Machinist spoke with Mangesh Dalvi, Associate Vice President of Growel, about the company's latest product innovations, sustainability initiatives, and ambitious growth plans in India.