On 25th September 2024, Prime Minister Narendra Modi’s ambitious Make in India initiative marked its 10th anniversary. Launched in 2014, the campaign aimed to turn India into a global manufacturing powerhouse. As the initiative completes a decade, PM Modi shared its significant impact on various sectors, highlighting the strides India has made in becoming a key player in global manufacturing.
Mobile Manufacturing: From 2 Units to 200 in 10 Years
One of the standout successes of the Make in India campaign has been the exponential growth in mobile phone manufacturing. In 2014, India had just two mobile manufacturing units. Fast forward to 2024, and that number has skyrocketed to 200 units. This massive growth has not only met domestic demand but has also positioned India as the second-largest mobile manufacturer globally. The impact on exports is equally impressive, with mobile phone exports surging from ₹1,556 crore to ₹1.2 lakh crore. Today, 99% of the mobile phones used in India are made within the country, a testament to the success of this initiative.
Steel Production and Export: A New Era of Self-Reliance
India’s steel industry has also seen remarkable growth under the Make in India campaign. The country has become a net exporter of steel, with production increasing by over 50% since 2014. This growth reflects India’s enhanced capacity to meet both domestic and international demand, reducing dependence on imports and boosting economic resilience.
Semiconductors: Attracting Global Investment
Another significant achievement is in the semiconductor sector. India has emerged as a promising destination for semiconductor manufacturing, attracting over ₹1.5 lakh crore in global investments. PM Modi highlighted that five new semiconductor plants have been approved, with a combined capacity to produce more than 7 crore chips per day. This development is crucial for reducing reliance on imports in a sector vital to modern technology.
Renewable Energy: A Leader in Green Growth
India’s progress in the renewable energy sector has also been noteworthy. The country has become the fourth-largest producer of renewable energy globally. This achievement aligns with India’s commitment to sustainable development and reducing carbon emissions. The growth in this sector not only supports global climate goals but also positions India as a leader in the global energy transition.
Electric Vehicles: From Non-Existent to a $3 Billion Industry
The electric vehicle (EV) industry in India, which was practically non-existent in 2014, has now grown into a $3 billion market. This rapid growth has been fueled by Make in India, which has encouraged innovation, manufacturing, and adoption of electric vehicles across the country. The burgeoning EV sector is expected to play a significant role in reducing pollution and dependence on fossil fuels.
PM Modi’s Reflections on 10 Years of Make in India
On the occasion of the 10th anniversary of Make in India, PM Modi took to social media to congratulate everyone involved in making the initiative a success. He emphasized that the campaign’s achievements reflect the collective resolve of 140 crore Indians committed to transforming India into a global manufacturing and innovation hub. PM Modi praised the rapid growth in exports across various sectors, highlighting how these developments have strengthened the Indian economy.
As Make in India enters its second decade, the campaign’s success in transforming India’s manufacturing landscape is evident. From mobile phones to semiconductors, steel, and renewable energy, the initiative has had a profound impact on the nation’s economy, positioning India as a key player on the global stage.
