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Key Points

Union Minister Piyush Goyal celebrated the 11th anniversary of the Make in India initiative. He highlighted how the program has transformed India into a global manufacturing powerhouse. Key achievements include record foreign investment and becoming the second-largest mobile maker. The minister credited this success to the collective spirit of Indian industry and citizens.

Key Points: Piyush Goyal Says Make in India Transforms Bharat into Manufacturing Powerhouse

  • Record FDI inflows and ease of doing business improvements under the initiative
  • India now ranks as the world's second-largest mobile phone manufacturer
  • PLI schemes have generated massive investments and created numerous jobs
  • A vibrant startup ecosystem makes India the third-largest global innovation hub
2 min read

'Make in India' transforms country into global manufacturing powerhouse: Piyush Goyal

Commerce Minister Piyush Goyal marks 11 years of PM Modi's Make in India, citing record FDI, mobile manufacturing, defence production, and a thriving startup ecosystem.

"This journey has been made possible because of the collective effort of our industry, MSMEs, startups, entrepreneurs... - Piyush Goyal"

New Delhi, Sep 25

The ‘Make in India’ initiative, which completed 11 years, has transformed the country into a global manufacturing powerhouse under the vision of Prime Minister Narendra Modi, Union Commerce Minister Piyush Goyal said on Thursday.

Eleven years ago, PM Modi launched 'Make In India' with a vision to revive Bharat's manufacturing strength.

“In these years, record FDI inflows, vast improvements in ease of doing business, our rise as the second-largest mobile manufacturer globally, soaring exports, and expanding defence production, all showcase how far we have come,” Goyal said in a post on X social media platform.

The production-linked incentive (PLI) scheme has generated massive investments and jobs, “while our vibrant startup ecosystem, driven by the enthusiasm and energy of our youth and women, has made India the world's third-largest hub of innovation,” the minister noted.

“This journey has been made possible because of the collective effort of our industry, MSMEs, startups, entrepreneurs, and every citizen who carries the spirit of Swadeshi in their heart,” he added.

The 11 years of ‘Make in India’ story is that of resurgence and the decades ahead will script a story of global leadership through an Aatmanirbhar and Viksit Bharat, he noted.

Goyal also said that the world is witnessing India’s defence manufacturing strength.

“Guided by the vision of PM Modi, the nation has scripted landmark achievements in indigenous defence production, reflecting the success of the ‘Make in India’ initiative,” the minister highlighted.

Last week, Commerce Minister unveiled a range of transformative initiatives to further boost the 'Make in India' scheme, on the occasion of the decade-long celebration of the flagship programme that has played a significant and productive role so far in the journey of making India self-reliant.

Goyal unveiled key initiatives developed by the department for promotion of industry and internal trade (DPIIT), aimed at enhancing operational efficiency and creating a future-ready, globally competitive logistics ecosystem in the country.

He also launched Logistics Data Bank (LDB) 2.0, advancing India’s journey toward a digitally empowered, investment-ready, and export-competitive economy.

—IANS

- IANS

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Reader Comments

S
Sarah B
While the achievements are impressive, I hope this manufacturing growth is sustainable and environmentally conscious. We need to ensure that industrial growth doesn't come at the cost of our natural resources.
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Priya S
As a small business owner, I've seen firsthand how MSMEs are benefiting from these initiatives. The ease of doing business improvements are real - less red tape and more support. Jai Hind! 🙏
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Arjun K
Defence manufacturing growth is crucial for our national security. Glad to see India becoming self-reliant in this sector. This will reduce our dependency on foreign imports and boost our strategic autonomy.
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Michael C
The startup ecosystem growth is phenomenal. India's innovation potential is finally being recognized globally. The youth energy is driving this transformation in ways we couldn't imagine a decade ago.
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Nisha Z
While the macro numbers look good, I hope the benefits are reaching smaller towns and rural areas too. Manufacturing growth should be inclusive and create opportunities across all regions of India.
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Karthik V
The Logistics Data Bank 2.0 is a game-changer! Digital infrastructure is key to making our supply chains efficient. This will significantly reduce delays and costs for exporters. Great initiative! 👍

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