2024-07-18 By Surbhi Chauhan Digital Payments

Prime Minister Modi Applauds 'Make In India' Success on Global Stage



Prime Minister Narendra Modi recently praised the "Make In India" initiative, highlighting its major impact on the global economy. In a recent post on the social media platform "X," PM Modi shared a post by MyGovIndia that emphasized how local Indian crafts are making waves internationally.

The MyGovIndia post, citing various news sources, celebrated the success of Indian-made products with the headline, "From Local Craft to Global Impact: The Made in India Success Story." This post detailed how a range of Indian products, from bicycles to digital payment systems, are gaining international attention.

The article mentioned that Made-In-India bicycles are in high demand globally. Additionally, it noted that "Made in Bihar" boots are now part of the Russian Army's gear, showcasing the wide-reaching influence of Indian manufacturing.

Another highlight was the rising popularity of Kashmir willow bats, known for their exceptional quality. The post also celebrated the global expansion of India's first cooperative society, Amul. It highlighted how Amul is bringing India's unique flavors to the world by launching its dairy products in the US, showcasing the global appeal of Indian cuisine.

The success of India's Unified Payment Interface (UPI) was also praised, noting that it has become a global phenomenon, facilitating seamless digital payments in multiple countries.

Launched on September 25, 2014, the Make in India initiative aims to encourage investment, foster innovation, develop world-class infrastructure, and establish India as a manufacturing, design, and innovation centre. According to the Ministry of Commerce & Industry, developing a robust manufacturing sector remains a top priority for the Indian Government. Since its inception, the Make in India initiative has achieved significant milestones and now focuses on 27 sectors under its Make in India 2.0 program, implemented across various Ministries, Departments, and State Governments.

To further improve the economic landscape, the government has introduced several policy initiatives, including the Atmanirbhar Bharat packages, the Production Linked Incentive (PLI) Scheme in 14 sectors, investment opportunities under the National Infrastructure Pipeline (NIP) and National Monetisation Pipeline (NMP), the India Industrial Land Bank (IILB), and the Industrial Park Rating System (IPRS). Additionally, the National Single Window System (NSWS) was soft-launched to streamline investment processes.

An institutional mechanism to fast-track investments, known as Project Development Cells (PDCs), has been established in all relevant Ministries and Departments of the Government of India, ensuring efficient and swift project implementation.

The Make in India initiative continues to propel India's economy forward, transforming local innovations into global success stories.