Government’s ‘Make in India’ campaign aims at transforming the country into a global manufacturing hub and has already made a “tremendous” impact on the investment climate as evidenced by the growth in FDI, Parliament was informed.
“The Make in India initiative of the government has made a tremendous impact on the investment climate of the country, as shown by significant growth of the overall foreign direct investment (FDI)”, Commerce & Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
The flagship program of the Modi government aims at developing the country as a global hub for manufacturing, innovation and design for both domestic and foreign markets.
The initiative was launched in September last year by the Centre to focus on invigorating the country’s manufacturing sector.
India received $32.87 billion FDI during October 2014 to September this year.