Why in the News?

Union Commerce and Industry Minister Piyush Goyal emphasized the success of the 'Make in India' initiative on its 10^th anniversary. Since its inception, mobile imports have decreased by 85%, while manufacturing jobs saw a 200% increase between 2022 and 2024. The initiative has also enhanced the ease of doing business and attracted substantial Foreign Direct Investment.

Make in India Initiative

• Launched: 25^th September 2014
• It is being led by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
• Objective: To attract foreign investment for new industrialisation and develop the already existing industry base in India to surpass that of China.
• It aims to transform the country into a leading global manufacturing and investment destination.
• Four Pillars
  • New Processes: Focus on improving Ease of Doing Business by de-licensing and deregulating industries throughout their lifecycle.
  • New Infrastructure: Development of industrial corridors, enhanced infrastructure, and a streamlined registration system to support industrial growth.
  • New Sectors: Identified 27 sectors in manufacturing, infrastructure, and services, with detailed information available via an interactive portal and brochures.
  • New Mindset: A shift towards a government-industry partnership, where the government acts as a facilitator, not a regulator.
• Related Initiatives
  • National Single Window System (NSWS)
  • PM Gati Shakti Programme
  • One-District-One-Product (ODOP)
  • Scheme for building Semiconductor Ecosystem

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