Concept: Make in India
Topic: Economic Development
Category: Growth, FDI, Manufacturing
Related News: Hindu, Feb 14
CNA mentions: 1(Feb 14)
Make in India
Make in India is a GOI initiative launched by Prime Minister Narendra Modi on 25th September 2014. This initiative encourages national and multi-national companies to produce and manufacture goods in India. With this initiative, the country hopes to become a top destination internationally for foreign direct investment overtaking China and the USA. In the year 2015, India received a total of 63 billion USD in FDI.
A workshop was held by the Department of Industrial Policy and Promotion (DIPP) on 29th December 2014 and attended by the Prime Minister, cabinet ministers, state chief secretaries and several industry experts.