New Delhi: The Make in India initiative, launched by Prime Minister Narendra Modi in September 2014, has significantly transformed India’s manufacturing landscape. The program aims to boost domestic manufacturing, attract foreign investment, and create jobs across various sectors. This initiative has led to a notable increase in foreign direct investment (FDI) and has attracted several global companies to set up manufacturing bases in India.
Since its inception, Make in India has successfully attracted substantial foreign investments across diverse sectors, including electronics, defense, renewable energy, and semiconductors. The government aims for annual FDI inflows to reach $100 billion, reflecting its commitment to enhancing the manufacturing sector’s contribution to the economy
India is entering a transformative phase in its aerospace sector with the establishment of the final assembly line for the Airbus C295 transport aircraft in Vadodara. This marks a significant milestone as it is the first military aircraft to be manufactured solely in India, highlighting the country’s growing capabilities in defense production. The project is a collaboration between Airbus Spain and Tata Advanced Systems, reflecting the Indian government’s commitment to fostering indigenous manufacturing under the Make in India initiative. This project aligns with Prime Minister Modi’s vision of making India a global hub for aerospace manufacturing
But this isn’t just the story of one sector—India has showcased the true spirit of “Make in India” across every field. Foreign investments are surging as global companies recognize India’s vast potential and the immense opportunities it brings. Let’s explore more sectors where significant investments are boosting the spirit of Atmanirbhar Bharat.
Mobile Manufacturing:
India has rapidly emerged as the second-largest mobile exporter in the world, showcasing remarkable growth in its mobile manufacturing sector under Prime Minister Narendra Modi’s Make in India initiative
In the fiscal year 2024 (FY24), India’s mobile phone exports soared by 40.5%, reaching approximately $15.6 billion.
Apple ‘s decision to assemble the entire iPhone 16 series in India marks a significant milestone in the company’s strategy to diversify its manufacturing operations.For the first time, Apple is producing its premium iPhone 16 Pro and Pro Max models outside of China. This shift is being executed at Foxconn’s facility in Sriperumbudur, Tamil Nadu, where thousands of workers are currently undergoing training to handle the assembly process . Apple has reportedly assembled $14 billion worth of iPhones in India, which constitutes approximately 14% of its global output. In addition to iPhones, Apple is exploring the production of other products like AirPods and iPads in India, further solidifying its manufacturing base within the country .
Samsung inaugurated the world’s largest mobile manufacturing facility in Noida, which will double its capacity from 68 million to 120 million units per year. The facility allows Samsung to incorporate local features into its devices, leveraging research and development conducted in India. This localization strategy not only enhances product relevance but also supports the government’s goal of self-reliance in technology. Samsung has launched its ‘Make for the World’ initiative alongside the new factory, aiming to export mobile handsets manufactured in India to various international markets, including those in the SAARC region
Green Energy
With a commitment to achieving 500 gigawatts of renewable energy capacity by 2030, the country is making strides in various sectors, including solar, wind, and hydrogen energy.
Recently India has surpassed 200 GW of installed non-fossil fuel capacity, positioning itself as a key player in the global renewable energy landscapeSiemens is set to supply 1,200 electric locomotive engines to Indian Railways, which aligns with the government’s push for modernizing rail infrastructure and promoting green technologies within transportation. The locomotives will be manufactured at the Dahod facility
Most notable investments comes from Amazon , which plans to invest an additional $15 billion in India by 2030, with a significant portion allocated to renewable energy projects.
French multinational TotalEnergies has made significant strides by investing in solar energy projects across India. The company aims to develop large-scale solar power plants, contributing to India’s goal of achieving 450 GW of renewable energy capacity by 2030.
