Make in India Fact Check: Make in India is a joke in India… read KCR’s reply – kcr makes mockery of make in india calling it joke in india know the facts
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After the Corona period, the companies of the world are running with China Plus One (China+1) policy. It is the result of India’s increasing strength in manufacturing that now the talk of Minus China has also started to arise. China is considered the factory of the world. But China’s economy has been badly affected during the Corona period. This has also affected the supply chain of companies around the world. There is tension between China and America, especially over Taiwan. Western countries do not trust China. That’s why the companies there want to end their dependence on China completely. In such a situation, India has emerged as the preferred option for them. In such a situation, the importance of Make in India has increased further.
FDI doubled
PM Modi launched the Make in India program on 25 September 2014. Make in India has made impressive achievements in 27 sectors. The result of this is that now many things are being made in the country itself. Talking about the defense sector, Tata and Airbus have signed a deal to manufacture military aircraft in India. Apart from this, a large amount of equipment for the army is now being made in the country itself. Last year, the whole world including India faced a shortage of semiconductors. Now Vedanta is setting up a plant in Gujarat in collaboration with a foreign company to make semiconductors. Similarly, Apple has also started making its iPhones in India. To attract FDI, the government made a liberal and transparent policy which opened up most of the sectors for FDI under the automatic route.
The country had received FDI of $45.15 billion in the financial year 2014-15, which reached a record level of $83.6 billion in the financial year 2021-22. This FDI came from more than 100 countries. Foreign investors invested in 57 sectors in 31 states and union territories in India. Soon the figure of FDI in India can reach 100 billion dollars. PLI scheme was launched in 2020-21 to promote manufacturing in the country. Under this scheme, production linked incentive is given to the companies. The government has launched a $10 billion incentive scheme to develop the semiconductor, display, design ecosystem in the country.
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Which industries benefited
The achievement of Make in India can be better understood from the toy industry. The toy industry in India has historically been dependent on imports. Due to lack of raw material, technology, design capability etc., toys and its components are imported in large quantities. Toys worth Rs 2,960 crore were imported during the financial year 2018-19. Most of these were unsafe, substandard, fake and cheap. The government started working in this direction and during 2021-22 the import of toys declined by more than 70 percent.
Due to this, the quality of toys in the domestic market also improved significantly. Toys worth Rs 2601.5 crore were exported during the financial year 2021-22. This figure for the financial year 2018-19 was Rs 1,612 crore. Talking about the auto sector, many companies from all over the world have set up their plants in India. Airbus and Boeing are also preparing to set up full assembly units in India. Indian airlines may order more than 2000 aircraft in the next decade. FDI has increased by 10 percent in the chemicals and petrochemicals sector.
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mobile sector
There has been a five-fold increase in FDI in the aviation sector. Similarly, there has been a huge jump in FDI in the computer hardware and software sector. Today companies like Microsoft are making programs for the world in India. There has been an increase in FDI equity in the leather industry. India is the second largest producer of footwear in the world. Along with this, it is also second in terms of leather exports. More than 200 mobile manufacturing units have been established in the country. There has been a 250 per cent increase in the export of mobile phones from the country.
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