Friday, September 26, 2014: Today, 25 September, is an important day in the history of India. Indian Prime Minister Narendra Modi will officially launch his ‘Make in India’ campaign, in a high-profile manner. He will meet ministers of 25 central departments to preach the importance of domestic manufacturing and more foreign investment. The launch is even more significant as PM is set to leave for his United States visit.
An official from the department of industrial policy and promotion said that all the ministries, related to manufacturing, have been involved in the project. As many as 25 sectors and ministries, including heavy industries, telecom and power, have been involved. Leading businessmen and corporate officials of around 3,000 companies, across 30 nations worldwide, have been invited for the launch event. The event will see the presence of Finance minister Arun Jaitley, minister of state for Finance, Commerce & Industry Nirmala Sitharaman, Power minister Piyush Goyal, MSME minister Kalraj Mishra, Labour minister Narendra Singh Tomar and Textile minister Santosh Singh.
Some other programmes will also be held in state capitals as well as Indian missions outside India. At these programmes the officials will initiate talks with investors and consultants. The government is looking forward to achieve more than 10 per cent growth in the manufacturing sector in the long term. A digital campaign will also take this programme across the globe. The official also added that FDI is getting more liberation and foreign investors are given the message that India is now a better place to invest for great business opportunities. Navratnas and the tourism department will also be an integral part of the event. The PM will pitch ti improve manufacturing in sectors like pharmaceuticals, auto components and biotech products. The other identified sectors include food processing, IT, defence, electronics and textiles.
The state capitals, that will witness the campaign launch, are Mumbai, Chennai and Bangalore. To address investors’ queries, an eight-member expert panel has been created by DIPP and FICCI, and solutions will be provided within 48 hours. Investors will get proper clarification on Indian policies and reforms suggestions will be provided to the Centre and states. Representatives from the US, Japan, Korea, Sweden, Poland, Australia, China, Italy, Germany and France based companies are attending the event.
EFY is one of the invitees at the grand launch of the ‘Make In India’ campaign. The group wishes PM Narendra Modi led mission a grand success and hopes that it will provide boost to manufacturing in electronics sector too. For more updates and live coverage of the event, stay tuned to EFY’s Electronics Design Community.
LIVE UPDATE:
* TATA’s Cyrus Mistry confirms commitment towards investing in India, but no details revealed!
* Suzuki chairman addresses the gathering; No investments announced.
* Mukesh Ambani shares plans to create 1,25,000 new jobs on behalf of Reliance Industries.
* Chanda Kochhar of ICICI shares threat of electronics imports and importance of manufacturing in India.
* Many labour laws being amended to make it easier for labour intensive industries.
* PM highlights the 3D aspect of India…democracy. ..demographic dividend…and demand. A unique combination that only India can provide.
* PM asserts that FDI has different meaning for Indians and foreigners. For Indians, it means FIRST DEVELOP INDIA. For foreigners, it remains an investment.
* PM emphasises that main mission is to drive lower income groups into middle class.
* Modi shares the vision of placing trust in citizens of India and its businesses. Cracks a joke on the need for getting documents signed by gazetted officers.
* PM lays foundation for the program by launching website and logo.
* PM explains why solar energy is a major market for the future.
* No doubt in talent of India…the Mars mission is our proof to the world…says PM
* Waste management to be another important business model.
* Tourism…infrastructure. ..are the other two sector he highlights.
* I guarantee…Same files…offices…same people….can be energised to shape and change India, says the PM.
* Will make centre and state work more in sync claims PM.
