The Make in India initiative was launched in 2014 to transform India into a global manufacturing hub. It has attracted significant foreign direct investment, increasing FDI inflows by 44% between 2014-2016. Major companies like Foxconn, Uber, and General Motors have committed billions of dollars to investing in manufacturing facilities in India. The initiative aims to boost the manufacturing sector as a percentage of GDP and create jobs, while also enhancing technology transfers and developing infrastructure. Overall, Make in India has shown success in improving India's business environment and establishing the country as an attractive destination for global investment.

1. MAKE IN INDIA
Transforming India into a Business Hub
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The study provides you with an overview of the Make in India initiative and the benefits it is going to provide India and the world. It
describes the impact Make in India has had on the Indian Economy and the huge foreign investment it has attracted in the recent
years. The study also gives examples of some of the biggest companies that have invested in India after the initiative.
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2. Make in India is a galvanizing call to India’s citizens and business leaders, an invitation to potential partners
and investors from around the globe. Most importantly, it represents a complete change of the
Government’s mindset – a shift from issuing authority to business partner.
The major objective behind the initiative is to focus on job creation, high quality standards and skill
enhancement in 25 sectors of the economy. The initiative hopes to attract capital and technological
investment in India. The aim of the initiative is to raise the contribution of the manufacturing sector to 25%
of the GDP by year 2025.
Make in India is an initiative launched by the Government of India to encourage multi-nationals, as well as
national companies to manufacture their products in India. The Make in India program was launched by
Prime Minister Modi in September 2014 as part of a wider set of nation-building initiatives. Make in India
initiative was devised to transform India into a global design and manufacturing hub.
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3. 3
• Boost to India’s Economic growth: The make in India campaign
has increased exports and manufacturing which in turn has
boosted India’s economic growth and GDP.
• Increased Employment: An increase in investment will bring
employment opportunities for the skilled labor force, around 10
million people are expected to get jobs under the initiative.
• Inflow of FDI: The government has promised to improve the ease
of running businesses in India, in keeping PM Modi’s tenet of
“Minimum Government, Maximum Governance”.
• Enhancement in Technology: One of the hurdles in the path of
development for India is the lack of latest technologies. With
myriad of countries coming forth by the Make In India crusade,
India will be given with the opportunity to make use of the latest
technology these countries bring along.
• Opportunities for the Youth: The brightest young minds move
out of the country for a better future which has been the cause
of India being deprived of innovative and new ideas. The
campaign would give employment opportunities to the youth.
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4. 4
• Development of Rural Areas: A factory set up improves a
particular area and enhances the quality of life of people
residing in that region. Amenities like schools, hospitals and
other public conveniences will be developed for the
betterment of the public.
• Capital Flow: With the introduction of Make in India, there will
be an inflow of foreign currency in the form of investments that
will increase the wages, which in turn will increase consumer
spending thus benefitting the economy as a whole.
• Reduce Trade Deficit: Manufacturing sector has multiplier
effect on Exports which will help the government to wipe off
India’s trade deficit. Reduction in trade deficit will stop
devaluation of currency and increase sovereign rating and
attract more FDI.
• Increased Brand Value: Most of the urban population prefers
international brands rather than Indian retailers which results
in small manufacturing companies incurring losses. Due to the
campaign, companies from around the world will be investing
in small manufacturers leading to an increase in brand value of
Indian merchandise.
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5. •Since the launch of Make in India in
September 2014, there have been FDI
inflows of $77billion for the period
October 2014 to March 2016. This
represents about 44% increase in FDI
Equity inflows.
•In 2015 alone, India received FDI of
$63 billion surpassing both USA and
China by a fair margin.
•Between September 2014 and
November 2015, the government had
received proposals from the
interested companies manufacturing
electronics in India worth Rs. 1.20
Lakh Crore. Moreover, 24.8% of smart
phones that were shipped out in April-
June of 2015 were manufactured in
India.
Sectors
Contribution
(Before Make in India)
Contribution
(After Make in India)
Automobiles $8 Billion $50 Billion
Food Processing $1.43 Trillion $7.21 Trillion
Renewable Energy $20 Billion $40 Billion
Automobile Components $10.81 Billion $39 Billion
IT and BPM $143 Billion $300 Billion
Roads and Highways $14 Billion $57.8 Billion
Aviation $17 Billion $25 Billion
Leather $28 Billion $76 Billion
Space $47 Billion $85 Billion
Biotechnology $1.1 Billion $7 Billion
Textiles and Garments $67 Billion $100 Billion
Chemicals $16.8 Billion $70 Billion
Mining $56 Billion $80 Billion
Thermal Power $34 Billion $50 Billion
Construction $78.5 Billion $140 Billion
Tourism & Hospitality $20.36 Billion $21.08 Billion
Defense Manufacturing $56 Billion $80 Billion
Pharmaceuticals &
Wellness
$500 Billion $1 Trillion
Electrical Machinery $54.3 Billion $65 Billion
Ports $68.3 Billion $86 Billion
Table below depicts the expected increase in contribution of
Make in India campaign on different sectors
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6. •One of the biggest boosts for Make in India
campaign was when aircraft manufacturer
Airbus disclosed its plans to raise its Indian
Outsourcing to $2 billion and its keenness to
manufacture in India.
•Volvo India Pvt. Ltd. has been
manufacturing in Bengaluru, India since
1998. It was set up with an investment of
about USD 70 million and had expanded by
100% in 2013. Under Make in India Volvo
has already invested USD 60 million in
doubling their capacity. According to Mr.
Kamal Bali, MD of Volvo India, the company
aims to create a 360-degree footprint and
manufacture in India.
•General Motors Co. has decided to pour in
more funds to increase domestic
consumption and export. GM plans to
invest another $1 billion into the Indian
market.
The chart above shows the increase in FDI inflow from
$36 billion to $45 billion after Make in India campaign
was implemented in 2014.
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7. • Contract Manufacturing giant Foxconn has
announced that it has planned to spend $5
billion on factories and research in India.
Foxconn is one of the many companies that
is looking to target India’s huge consumer
base.
• To meet the growing demand, ride-hailing
app Uber Technologies has announced that
it will invest over $1 billion to build its
network in India. India is already Uber’s
second largest market in terms of cities
served.
•Brazilian Company Perto/Digicon, a high
technology and IT Company and the world’s
leading manufacturer of ATMs and CDMs
inaugurated its first plant in Jaipur, India.
The initial investment made by Perto is
worth $3.1 Crore and will go up to $6.5
Crore.
Above figures are in $ billions
Transparent Policies & Proactive Reforms under Make
in India initiative have made India the most attractive
Investment Destination over the past year.
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8. In a short space of time, the obsolete and obstructive
frameworks of the past have been dismantled and replaced
with a transparent and user-friendly system that is helping
drive investment, foster innovation, develop skills, protect IP
and build best-in-class manufacturing infrastructure.
Even after so many initiatives by the government the recent
rankings released by World Bank on 25th of October, India
has moved up only one place in Ease of Doing Business. The
government says that many of the reforms it took was after
the deadline and will initiate more reforms in the near future
Today, India’s credibility is stronger than ever. There is visible
momentum, energy and optimism. Make in India is opening
investment doors. Multiple enterprises are adopting its
mantra. The world’s largest democracy is well on its way to
becoming the world’s most powerful economy.
The story would be complete if Make in India can eventually
evolve into Make for India and rest of the world by
addressing demands of the Indian marketplace.
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