The ‘Make in India’ initiative has transformed the manufacturing sector

By OEM Update Editorial September 27, 2022 5:08 pm IST

Recognising the importance of semiconductors in the world economy, the government has launched a ten billion US dollar incentive scheme to build a semiconductor, display, and design ecosystem in India.

Today marks the eight-year anniversary of the government’s flagship programme ‘Make in India.’ Prime Minister Narendra Modi’s Make in India initiative, launched in 2014, aims to facilitate investment, foster innovation, improve skill development, and build world-class manufacturing infrastructure. Make in India has made significant progress in 27 sectors, including strategic manufacturing and services.

To realise Prime Minister Narendra Modi’s vision of a ‘Aatmanirbhar Bharat,’ the government is focusing on key sectors such as semiconductors. Recognizing the importance of semiconductors in the global economy, the government has launched a ten billion US dollar incentive scheme to build a semiconductor, display, and design ecosystem in India.

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