Prime Minister Modi Celebrates 10 Years of ‘Make in India’ with Major Achievements
New Delhi, India – On the 10th anniversary of the ‘Make in India’ initiative, Prime Minister Narendra Modi expressed his pride in the program’s success. He shared his thoughts in a blog post on LinkedIn, congratulating the people of India for their contributions.
PM Modi highlighted the significant progress made since the initiative began in 2014. He noted that India had only two mobile manufacturing units back then, but now boasts over 200. Mobile exports have surged from Rs 1,556 crore to Rs 1.2 lakh crore, a 7500% increase. Today, 99% of mobile phones used in India are made domestically, making India the second-largest mobile manufacturer globally.
In the steel sector, India has become a net exporter of finished steel, with production increasing by over 50% since 2014. The semiconductor manufacturing sector has attracted investments of over Rs 1.5 lakh crore, with five approved plants capable of producing more than 7 crore chips per day.
India’s renewable energy sector has also seen remarkable growth, becoming the 4th largest producer globally with a 400% increase in capacity over the past decade. The electric vehicle industry, non-existent in 2014, is now worth USD 3 billion. In defense production, exports have soared from Rs 1,000 crore to Rs 21,000 crore, reaching 85 countries.
PM Modi also mentioned the success in the toy sector, with exports jumping by 239% and imports halving. He highlighted iconic ‘Make in India’ products like Vande Bharat trains, BrahMos missiles, and mobile phones, representing Indian ingenuity and quality.
The Production Linked Incentive (PLI) schemes have been pivotal, attracting significant investments and generating numerous jobs. India’s MSMEs contribute 30.1% of the GDP and have created over 21.17 crore jobs. India is now the 3rd largest tech-driven startup ecosystem globally, with 45% of startups from Tier II and Tier III cities. Over 1 crore patents have been granted since 2014, positioning India as a manufacturing and innovation powerhouse.
Doubts Revealed
Prime Minister Modi -: Prime Minister Modi is the leader of India. He helps make important decisions for the country.
Make in India -: ‘Make in India’ is a program started to encourage companies to make their products in India. It helps create jobs and grow the economy.
mobile manufacturing units -: These are factories where mobile phones are made. India has gone from having just 2 of these factories to over 200.
semiconductor -: Semiconductors are tiny parts used in electronic devices like computers and phones. They help these devices work.
renewable energy -: Renewable energy comes from natural sources like the sun and wind. It doesn’t run out and is better for the environment.
electric vehicles -: Electric vehicles are cars and bikes that run on electricity instead of petrol or diesel. They are better for the environment.
defense production -: Defense production means making weapons and equipment for the military. It helps keep the country safe.
toy sector -: The toy sector is the part of the economy that makes toys for children. It includes factories and companies that design and produce toys.
Production Linked Incentive schemes -: These are special plans by the government to give money to companies that make products in India. It helps create jobs and grow the economy.