Union Commerce Minister Piyush Goyal said on Thursday that the ‘Make in India’ initiative has transformed the country into a global manufacturing hub under Prime Minister Narendra Modi’s vision. Launched 11 years ago, the scheme aimed to revive India’s manufacturing strength.
Goyal highlighted record foreign direct investment inflows, improved ease of doing business, India becoming the second-largest mobile manufacturer globally, rising exports, and expanding defence production as key achievements. The production-linked incentive (PLI) scheme has attracted investments and generated employment.
He noted that India’s startup ecosystem, driven by youth and women, has made the country the world’s third-largest innovation hub. Goyal emphasized that the journey was possible due to the efforts of industries, MSMEs, startups, entrepreneurs, and citizens embracing the Swadeshi spirit.
To further boost the initiative, Goyal launched new DPIIT initiatives to improve industry efficiency and a globally competitive logistics ecosystem. He also unveiled Logistics Data Bank (LDB) 2.0, promoting India’s digitally empowered and export-ready economy. He stated that the next phase of ‘Make in India’ will advance Aatmanirbhar and Viksit Bharat, while the nation’s indigenous defence production continues to grow.
