8 Years of Make in India: Transforming India into a Global Manufacturing Hub
- Lyah Rav
- Oct 7, 2024
- 3 min read
Updated: Mar 7, 2025
On 25th September 2022, the flagship program of the Government of India, Make in India, celebrated eight years of groundbreaking reforms and achievements. Launched in 2014 under the visionary leadership of Prime Minister Narendra Modi, the initiative aspires to transform India into a leading global manufacturing and investment destination. Over the past eight years, Make in India has brought forth transformative changes across 27 key sectors, fostering innovation, enhancing skill development, and building world-class manufacturing infrastructure.
As India continues its journey towards becoming a global manufacturing powerhouse, we look at how the Make in India initiative has impacted the country's economy, manufacturing sector, and global standing.
Make in India: A Vision for Growth
Make in India was born out of the need to boost India’s manufacturing sector and reduce the country’s dependency on imports. The initiative's core objectives include:
Facilitating Investment Make in India aims to position India as a preferred destination for foreign direct investment (FDI), offering investors the opportunity to tap into India’s growing market.
Fostering Innovation The initiative encourages technological advancements and innovation, ensuring that Indian industries remain competitive in global markets.
Enhancing Skill Development With India’s vast and youthful workforce, Make in India focuses on skill development programs to equip workers with the knowledge and expertise required in modern industries.
Building Manufacturing Infrastructure The government has invested in building infrastructure that supports world-class manufacturing capabilities, including industrial parks, highways, and logistics hubs.
By addressing these core areas, Make in India seeks to boost the manufacturing sector’s contribution to 25% of India’s GDP by 2025.
Electronics Manufacturing India became the second-largest mobile phone manufacturer globally, with giants like Apple and Samsung setting up production facilities through the Production Linked Incentive (PLI) scheme.
Automotive Industry India is now the fourth-largest car manufacturer, with growth in electric vehicle (EV) production due to policies like the FAME scheme.
Defense Manufacturing Promoted indigenous defense equipment production with 100% FDI, reducing dependency on imports.
Textiles and Apparel Modernized the sector with Technology Upgradation Fund Scheme (TUFS), enhancing India's global textile market leadership.
Renewable Energy India is the third-largest producer of renewable energy, focusing on solar and wind energy as part of its commitment to sustainability.
Foreign Direct Investment (FDI) Achieved record-high $83.57 billion FDI inflow in 2021-2022 by creating a business-friendly environment.
Job Creation Generated millions of jobs across various sectors like electronics, automotive, textiles, and renewable energy.
Export Growth Boosted India's global export capacity in mobile phones, automobiles, textiles, and defense products.
Make in India has significantly boosted the Indian economy by driving substantial increases in Foreign Direct Investment (FDI), with the fiscal year 2021-2022 seeing the highest-ever FDI inflow of $83.57 billion. The initiative's streamlined regulations and business-friendly environment have made India an attractive destination for global investors. Additionally, Make in India has created millions of jobs across various sectors, including automotive, electronics, textiles, and renewable energy, providing opportunities for both skilled and unskilled workers. Furthermore, the expansion of domestic manufacturing has enhanced India's export capacity, establishing the country as a major exporter of mobile phones, automobiles, and textiles, and paving the way for future growth in defense and renewable energy exports.
The Road Ahead for Make in India
As Make in India completes eight years of transformative reforms, the journey ahead promises even greater accomplishments. The initiative continues to evolve, with a focus on sustainability, innovation, and digital transformation. The government is committed to further streamlining regulations, improving infrastructure, and building a skilled workforce to keep pace with global demands.
With India’s growing economy, young population, and strategic geographic location, the country is poised to emerge as a global manufacturing and investment hub. The success of Make in India is not only a testament to the vision of a self-reliant India but also an invitation to global investors and partners to join the growth story of New India.
