The “Make in India” initiative, launched in 2014, has achieved significant milestones over the past decade. By August 2024, it attracted investments totaling ₹1.46 lakh crore, generated ₹12.50 lakh crore in production, and created 9.5 lakh jobs. DD NEWS
In the electronics sector, India is set to offer up to $5 billion in incentives to promote local production of electronic components, aiming to reduce dependency on Chinese imports. REUTERS
Additionally, the government has mandated that starting June 2026, clean energy projects must use solar photovoltaic modules manufactured from locally made cells, further bolstering domestic manufacturing capabilities. REUTERS
These developments underscore India’s commitment to enhancing its manufacturing sector and reducing reliance on imports.
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