PM Modi Marks Make In India’s 12th Anniversary, Pushes For More Investment And Exports

Narendra Modi on Friday observed the 12th anniversary of India’s ‘Make in India’ initiative, highlighting the transformation seen in India’s manufacturing, investment and export industry since the flagship programme was launched in 2014. “It has helped to create a higher level of domestic production, investment and higher exports from India (and will keep the country moving forward),” he said.

PM Modi marks 12 years of Make in India initiative | Photo Credit: https://x.com/narendramodi
PM Modi marks 12 years of Make in India initiative | Photo Credit: https://x.com/narendramodi

In a post on X, PM Modi pointed out three areas of the initiative’s progression in terms of “more made in India”, “more investment in India” and “more exports from India”. And the transformation is already visible in different sectors as India continues to expand its manufacturing capabilities and position itself as a global player, he said.

“More made in India. More investment in India. More exports from India. A transformation visible across sectors!” Modi said in his post, marking 12 years of the initiative with the hashtag #12YearsOfMakeInIndia.

The Prime Minister also shared data-rich visuals highlighting developments across various sectors during the 12-year period. Defence manufacturing, mobile phone production, exports and the impact of production-linked incentive schemes were among the areas that were reflected in the figures.

What is the growth impact of Make In India?

One of the important aspects of defence manufacturing and exports that we saw in the data was defence manufacturing and exports. Defence exports of India increased significantly from nearly Rs 690 crore in 2014 to over Rs 38,400 crore, according to the data shared by the Prime Minister, indicating an increase of more than 5,500 per cent.

The increase in defence exports has been accompanied by a larger push to strengthen domestic defence manufacturing. The Make in India approach has encouraged more indigenous participation in defence production and made it possible to reduce imports by building domestic capabilities.

The data provided by the Prime Minister also highlighted the impact of Production-Linked Incentive (PLI) schemes. The data showed that exports created under these schemes crossed Rs 15.5 lakh crore, while production and sales generated more than Rs 23.8 lakh crore.

The PLI framework has been applied in different sectors to encourage companies to develop manufacturing capacity in India. The schemes are intended to provide incentives that are tied to increasing production and sales, with the broader objective of developing competitive domestic manufacturing ecosystems and supply chains.

Another major change observed in the visuals was the increase in domestic mobile phone production. Modi said 99.2 per cent of mobile phones used in India are now produced locally. This is a major change from the earlier period when India relied greatly on imported mobile devices.

It is also the expansion of the electronics manufacturing process that has enabled a wider supplier ecosystem, increased production capacity and the expansion of electronic exports. Mobile phones are by far the most visible manifestation of India's efforts to increase manufacturing and to integrate domestic production within the global supply chain.

Make In India Initiative

The Make in India initiative was launched in September 2014 and aimed to boost manufacturing, attract investment and drive innovation. It was launched as part of a greater strategy to create a business environment that supports industrial growth and creates jobs.

The initiative is about the development of India’s manufacturing sector in different sectors and the development of India as a favourable place for foreign and domestic investment. Over the years, the programme has been supplemented by infrastructure improvements, business processes have been simplified and manufacturing is helped with targeted incentives.

The government is still stressing the importance of increasing India’s manufacturing base as 12 years on. This focus on domestic production is also in line with companies’ worldwide efforts to diversify supply chains and to set up manufacturing operations in different countries.

PM Modi’s recent message puts exports at the centre of the next phase of the manufacturing push. Increasing exports will help Indian manufacturers to access international markets and build up industries that can compete globally.

It is a celebration of progress over the past 12 years as well as the focus on the government’s manufacturing goals. With the focus on domestic production, investment and exports, Make in India is still very much at the heart of India’s industrial and economic policy.

As India seeks to increase its global footprint and penetrate more of the world market, the government will continue to focus on production capacity expansion, investment, domestic supply chains and the global footprint of products made in the country.