10 years of Make in India: Saw surge in exports, strengthening of economy, says PM Modi

Make in India has led to a rise in exports in different sectors, building capacities and strengthening economy, PM Narendra Modi said

On the 10th anniversary of his government’s flagship scheme 'Make in India', Prime Minister Narendra Modi said on Wednesday that it has led to a rise in exports in different sectors, building capacities and strengthening economy.

He said on X, ”Today, we mark 10 years of Make In India. I compliment all those who are tirelessly working to make this movement a success over the last decade.” The programme, he said, illustrates the collective resolve of 140 crore Indians to make the nation a powerhouse of manufacturing and innovation.

He said, ”It’s noteworthy how exports have risen in various sectors, capacities have been built, and thus, the economy has been strengthened”.

”The Government of India is committed to encouraging ’Make in India’ through all possible ways. India’s strides in reforms will also continue. Together, we will build an Atmanirbhar and Viksit Bharat!” he added.

In a LinkedIn post, Modi gave a few examples of sectors that have seen the rise in esports. They are:

• India's mobile exports have skyrocketed from a mere Rs 1,556 crore to an astounding Rs 1.2 lakh crore – a mind-boggling 7,500 percent increase, Modi said. "Today, 99% of mobile phones used in India are Made in India. We've become the second-largest mobile manufacturer globally, " he said. In 2014, the country had only two mobile manufacturing units, which has increased to over 200.
• The country has become a net exporter of finished steel, with production increasing by over 50 percent since 2014.
• India's chip-making prowess in rising, and the semiconductor manufacturing sector has attracted investments worth over Rs 1.5 lakh crore, with five plants approved that will have a combined capacity of more than 7 crore chips per day, Modi said in the blog post
• In renewable energy, the country is the 4th largest producer globally, with capacity increasing by 400 percent in just a decade. "Our electric vehicle industry, practically non-existent in 2014, is now worth $3 billion," Modi said
• Defence production exports have soared from Rs 1,000 crore to Rs 21,000 crore, reaching over 85 nations, the Prime Minister said
• India's toy exports saw a jump of 239 percent, with imports halved, particularly benefiting our local manufacturers and sellers
• "Make in India initiative is also special because it has given the poor the wings to dream big and aspire- it has given them the confidence that they can be wealth creators. Equally notable is the impact on the MSME sector," Modi said in his blog post.

Going ahead, Prime Minister Modi predicted even brighter future for the initiative.

"As a Government, we are committed to making this spirit even stronger. Our decade long track record speaks for itself. The Production Linked Incentive (PLI) schemes have been game changers, enabling investments of thousands of crores and generating lakhs of jobs. We have also made significant strides in ease of doing business," he said.

"Thus, the momentum is clearly in India's favour. Despite facing unprecedented challenges like the global pandemic, India has remained firmly on the growth track. Today, we are being seen as drivers of global growth," the minister signed off by saying.