Make in India
The Indian government is now aiming to attract foreign investment (FDI) of 100 billion dollars (about ₹ 8.3 lakh crore) every year. This step is in the direction of further strengthening the country’s Make in India campaign. Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) gave this information on Wednesday. Bhatia said, we are now working towards further increasing the investment flow. At present, about 70 to 80 billion dollars of FDI comes into the country every year. We are aiming to take it to at least 100 billion dollars in the coming years. He was speaking at a press conference on completion of 10 years of Make in India initiative. This initiative was started 10 years ago, with the aim of: Promoting domestic production, attracting foreign investment, strengthening infrastructure and expanding the manufacturing sector.
According to Bhatia, due to the Make in India initiative, the country has made a lot of progress in the fields of manufacturing infrastructure, defense production and exports. Policies like Production-Linked Incentive (PLI) Scheme, FDI reforms and infrastructure development have attracted both domestic and foreign investors. He also acknowledged that challenges still exist in areas such as employment generation and growth of small-medium enterprises (SMEs), but the initiative has significantly enhanced India’s industrial capacity and export competitiveness over the last 10 years.
The picture has changed like this in the last 10 years
In the last 10 years (20142024), a total of $667.4 billion of foreign investment has come into India, which is more than double compared to $304.1 billion in the previous decade (20042014). FDI equity inflow in the manufacturing sector has increased by 69% to $ 165 billion. Maximum foreign investment has come in sectors like automobile, telecom and pharmaceutical. In the first quarter of the current financial year (April-June 2025), India attracted FDI of $ 22.49 billion, which is 26% more than last year.
PLI scheme created 8.5 lakh jobs
Under the PLI scheme, investment of ₹1.32 lakh crore and production of ₹10.9 lakh crore has been made in 14 sectors till June 2024, providing employment to about 8.5 lakh people. Prime Minister Narendra Modi said in a LinkedIn post, the imprint of Make in India is now visible in every sector, even in areas where there was never any hope. He told that today 99% of the mobile phones used in the country are being made in India and India has now become the second largest mobile manufacturer in the world.
Modi said, in 2014 we had only two mobile manufacturing units, but today this number has increased to more than 200. Mobile exports have increased from ₹1,556 crore to ₹1.2 lakh crore i.e. an increase of 7,500%. Apart from this, there has also been investment of more than ₹1.5 lakh crore in India’s semiconductor sector. Five new plants have been approved which together will be able to produce more than 7 crore chips every day.