Summary:

On the tenth anniversary of the 'Make in India' program, Minister Piyush Goyal revealed an 85% decrease in mobile imports since its inception. Mobile imports declined from $5.82 billion in 2014-15 to $917.3 million in 2023-24. Furthermore, he highlighted a 200% rise in manufacturing jobs from 2022 to 2024, with 99% of mobile phones currently manufactured in India, hailing the program as a revolutionary force in manufacturing and economic development.

The minister emphasized major reforms under the program, such as the Production-Linked Incentive (PLI) scheme, which aims to improve industrial capacity. The government has simplified the business environment, attracting significant foreign direct investment (FDI) and creating a business-friendly climate. Efforts to enhance the startup ecosystem and create new job opportunities were also highlighted. He stressed that 'Make in India' is critical to India's ambition of establishing a Viksit Bharat (Developed India) by 2047, building a solid foundation for future growth.

Source: IBEF 

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