Make in India: PM Modi Hails Success,Piyush Goyal Reports 200% Growth in Manufacturing Jobs Over Last 2 Years

Marking a decade since its launch in September 2014, the 'Make in India' initiative has emerged as a cornerstone of India's economic growth strategy.PM Narendra Modi praised the decade-long success of the 'Make in India' initiative, affirming his commitment to make the nation a powerhouse of manufacturing and innovation.Union Commerce and Industry Minister Piyush Goyal highlighted the 'Make in India' initiative's success, noting an 85% decline in mobile imports and a 200% increase in manufacturing jobs from 2022 to 2024. The initiative has also improved the ease of doing business and attracted significant Foreign Direct Investment

Celebrating ten years today, the ‘Make in India’ initiative, launched on September 25, 2014, aims to facilitate investment, foster innovation, and build world-class infrastructure, establishing India as a global hub for manufacturing, design, and innovation. The program’s distinctive ‘Vocal for Local‘ initiatives have significantly enhanced India’s manufacturing capabilities on the world stage, underscoring the nation’s commitment to self-reliance and economic growth.

10 Years of Make in India: PM Modi Hails Success and Pledges to Make India a Manufacturing Powerhouse

Key ministers, including PM Narendra Modi, Amit Shah, and Piyush Goyal, took to Twitter to highlight the remarkable achievements of this transformative program

Celebrating 10 Years of Make in India: A Journey of Growth and Innovation

On September 25, Prime Minister Narendra Modi acknowledged the success of the ‘Make in India’ initiative over the past decade and expressed his determination to transform India into “a powerhouse of manufacturing and innovation.”

He took to social media platform, X (formerly Twitter) to say, “On this day marking #10YearsOfMakeInIndia, I commend all who have tirelessly contributed to this movement over the last ten years. ‘Make in India’ reflects the unified determination of 1.4 billion Indians to turn our country into a hub of manufacturing and innovation

“Exports are up, capacities are built, and our economy is stronger than ever. The Government of India will keep championing ‘Make in India’ and pushing reforms. Together, we will achieve an Atmanirbhar and Viksit Bharat” he stated.

10 Years of ‘Make in India’: Manufacturing Jobs Soar by 200% in Just 2 Years, Says Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal, reflecting on the 10th anniversary of Make in India, stated that the initiative has significantly boosted both domestic and foreign investment in the country.

The minister also noted that the manufacturing employment has grown by 200% from 2022 to 2024. He also highlighted that 99% of mobile phones in the country are now produced domestically, showcasing the positive impact of the ‘Make in India’ movement.He mentioned that over the past decade, a series of transformative reforms have been implemented, including the groundbreaking Production-Linked Incentive (PLI) scheme, aimed at boosting manufacturing capabilities in key sectors.

In a recent social media post, the minister highlighted a remarkable transformation in mobile imports since the launch of the ‘Make in India’ initiative. In 2014-15, mobile imports stood at ₹48,609 crore, but this figure plummeted to just ₹7,665 crore by 2023-24. This significant reduction underscores the initiative’s success in boosting local manufacturing and promoting self-reliance in the technology sector.