Make in India - #SectorUpdates
‘Make in India’ is an initiative which was launched by the Govt. of India on 25th September, 2014 to facilitate investment, foster innovation, build best in class infrastructure to promote India as a hub for manufacturing, design and innovation. It is one of the unique initiatives that showcases India’s manufacturing prowess to the world. Make in India currently focuses on 27 sectors under Make in India 2.0. Since its launch, the scheme has aroused positive investor interest in the country – India registered its highest ever annual FDI Inflow of US $81.72 billion during the last financial year 2020-21, as compared to US $ 45.15 billion when it began in 2014-2015, reflecting increasing investor confidence. The Government has also taken various other steps to boost domestic and foreign investments in India. These include the National Infrastructure Pipeline, reduction in Corporate Taxes, easing liquidity problems of NBFCs and Banks & policy measures to boost domestic manufacturing.