Make in India is an initiative launched by the Government of India to encourage

multi-national, as well as national companies to manufacture their products in

India. It was launched by Prime Minister Narendra Modi on 25 September 2014.
[1] India would emerge, after initiation of the programme in 2015, as the top
destination globally for foreign direct investment, surpassing the United States of
America as well as China .
Prime Minister Narendra Modi launched the Make in India program on 25 September 2014 in a
function at the Vigyan Bhavan.[1] On 29 December 2014, a workshop was organised by
the Department of Industrial Policy and Promotion which was attended by PM Modi, his cabinet
ministers and chief secretaries of states as well as various industry leaders.[5]

The major objective behind the initiative is to focus on job creation and skill enhancement in 25
sectors of the economy.[6] The initiative also aims at high quality standards and minimising the
impact on the environment.[7][8] The initiative hopes to attract capital and technological investment
in India.[6]
The campaign was designed by Wieden+Kennedy.[9]

Under the initiative, brochures on the 25 sectors and a web portal were released. Before
the initiative was launched, foreign equity caps in various sectors had been relaxed. The
application for licences was made available online and the validity of licences was increased
to three years. Various other norms and procedures were also relaxed.[10]

In August 2014, the Cabinet of India allowed 49% foreign direct investment (FDI) in the defence
sector and 100% in railways infrastructure. The defence sector previously allowed 26% FDI and
FDI was not allowed in railways. This was in hope of bringing down the military imports of India.
Earlier, one Indian company would have held the 51% stake, this was changed so that multiple
companies could hold the 51%.[11]
Between September 2014 and November 2015, the government
received 1.20 lakh crore (US$18 billion) worth of proposals from companies interested in
manufacturing electronics in India.[12]
24.8% of smartphones shipped in the country in the AprilJune quarter of 2015 were made in
India, up from 19.9% the previous quarter.

Sectors[edit]
Make in India focuses on the following 25 sectors of the economy:

Automobiles

Automobile Components
Aviation
Biotechnology
Chemicals
Construction
Defence manufacturing
Electrical Machinery
Electronic systems
Food Processing
Information Technology and Business process management
Leather
Media and Entertainment
Mining
Oil and Gas
Pharmaceuticals
Ports and Shipping
Railways
Renewable Energy
Roads and Highways
Space and astronomy
Textiles and Garments
Thermal Power
Tourism and Hospitality
Wellness

100% FDI is permitted in all the above sectors, except for space (74%), defence
(49%) and news media (26%).

Things That Show Modis Make in India Campaign Is Working

Indian Prime Minister Narendra Modi launched his ambitious Make in India
program last September, pledging to lower barriers to doing business and
promote foreign investment. He is hoping to transform Asias third-largest
economy into a manufacturing powerhouse like China.

It has been almost a year since the program was launched, so its fair to ask if it
has yielded any results.

While many international executives and investors have complained Mr. Modi and
his party have not used their rare majority in Parliament to ram through some
much-needed reforms, that hasnt stopped them from making big new bets on
India as other emerging markets have fallen out of favor. Here are five things
that show Mr. Modis campaign is gaining traction.
12 AUG 2015 2:47AMBY ANANT VIJAY KALA
1

FDI is surging

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Foreign direct investment between October and May was up 40% to $23.7 billion
from the same period a year earlier. Net investments by foreign institutional
investors, or the money coming through financial markets, totaled $40.92 billion
in the fiscal year ended March 31, roughly seven times as much as in the prior
year.

Industrial production is warming

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The pick-up in investments is starting to show in the countrys industrial
production numbers. Official data show Indias industrial production rose an
average 2.7% year-over-year in the seven month period from October to May.
Nothing spectacular one may say. But it is a significant step up from the measly
0.6% increase during the comparable period a year earlier.
3

Foxconn bet billions

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Contract-manufacturing giant Foxconn last weekend announced plans to spend
$5 billion on factories and research and development in the western Indian state
of Maharashtra. The company is one of the many looking to produce in India as
the countrys consumers spend more on electronics.

GM doubled down

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General Motors Co. recently announced it will invest another $1 billion. It has
struggled to gain market share in India but its decision to pour in more funds and
retool so it can make cars for domestic consumption and export shows it expects
things to improve.
5

Uber is ramping up its roll out

While it is a services company and not a manufacturer, ride-hailing app Uber

Technologies is ramping up its commitment to India. India is already its secondlargest market in terms of cities served. To meet growing demand, Uber recently
announced will invest $1 billion over nine months to build its network in India.