Setting up of Industries by Foreign Companies
‘Make in India' was launched on September 25, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. The development of a robust manufacturing sector continues to be a key priority of the Indian Government. It was one of the first 'Vocal for Local' initiatives that exposed India's manufacturing domain to the world. The sector has the potential to not only take economic growth to a higher trajectory but also to provide employment to a large pool of our young labour force.
Since its launch, Make in India has made significant achievements and is now focusing on 27 sectors under Make in India 2.0. DPIIT is coordinating Action Plans for 15 manufacturing sectors, such as food processing, pharmaceuticals and medical devices, aerospace and defence, capital goods, biotechnology, chemicals, etc., while the Department of Commerce is coordinating for 12 service sectors.
This information was given by the Union Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha on 21 September 2020.