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Launched in 2014, Make in India is a key government initiative aimed at turning India into a global manufacturing hub.
It focuses on industrial growth, foreign investment and innovation.
Launched in 2014, Make in India is a flagship initiative designed to transform India into a leading global manufacturing hub. Its core objectives include promoting innovation, enhancing suitable manufacturing infrastructure, and attracting foreign investment.
Sponsored by the Indian government and supported by financial institutions, the initiative seeks to increase manufacturing’s share of GDP, create millions of jobs, boost exports, and foster a culture of entrepreneurship, empowering both large-scale enterprises and SMEs to “make”, assemble, and sell products locally and globally.
Make in India: Sectors
The initiative targets multiple sectors like electronics, automotive, pharmaceuticals, textiles, food processing, aerospace, defence, and medical devices. It offers streamlined processes, relaxed compliance norms, and sector-specific incentives.
These efforts also align with opportunities for Indian manufacturers to access capital through business loans–for example, machinery financing up to Rs 80 lakh with flexible repayment options—helping local players scale up capacity or enter export markets.
Meanwhile, the key initiatives include:
– Finance support: A Rs 10,000 crore Fund of Funds for Startups and tax breaks up to three years.
– Incubation: Over 68 Atal Incubation Centres backed by the Atal Innovation Mission, with plans for 72 total and over 1,000 startups incubated.
– Impact: As of May 2025, 159,000+ recognised startups across 763 districts, generating 1.7 million direct jobs and producing 112 unicorns.
Make in India: Startup India & MSMEs
The Make in India initiative is closely aligned with Startup India and various MSME support schemes. These programs aim to nurture innovation, ease regulatory burdens, and provide access to funding.
Credit availability is crucial—government-backed initiatives like the Pradhan Mantri Mudra Yojana, CGTMSE, and other sector-specific funds empower startups and small manufacturers.
With easier access to capital, these enterprises can scale operations, invest in R&D, upgrade equipment, and enhance product quality, contributing to local job creation and global competitiveness.
Make in India: Success Stories
Over the past decade, Make in India has led to several notable success stories across sectors. India has emerged as a major hub for mobile phone manufacturing, becoming the second-largest mobile producer in the world. Electronics production has surged, with a substantial rise in exports, especially smartphones.
In the defence sector, India has made impressive strides in indigenisation. Projects like the INS Vikrant (India’s first indigenous aircraft carrier), LCA Tejas fighter jet, and advanced artillery systems showcase the country’s growing self-reliance.
The automotive industry has also seen significant growth, with both domestic and global companies expanding manufacturing operations in India. Similarly, sectors like pharmaceuticals, textiles, and renewable energy have recorded high levels of production and exports, driven by policy incentives and infrastructure support under the Make in India framework.
These developments reflect the initiative’s role in boosting exports, attracting investment, generating employment, and positioning India as a key player in global supply chains.
Make in India: Foreign Direct Investment (FDI)
FDI has played a vital role in the success of Make in India by boosting capital inflow, technology transfer, and job creation.
Between 2014 and 2023, India reportedly attracted over $600 billion in FDI, with $74.4 billion in FY 2020-21 alone—a record high. Key sectors like electronics, automobiles, pharma, and renewable energy saw major global investments.
The government liberalized FDI norms, allowing up to 100 per cent automatic route in most sectors. This investor-friendly environment has positioned India as a preferred global manufacturing destination and strengthened its integration into global supply chains.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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