THE MAKE IN INDIA JOURNEY

An analysis of the initiative's impact on the manufacturing sector.

- Sujatha Vishnuraj

In September 2014, Make in India initiative was unveiled envisioning India as a global manufacturing powerhouse. The programme, aimed to increase the manufacturing sector's contribution to GDP from 16-17% to 25%, create 100 million new million new manufacturing jobs by 2022, and boost the ease of doing business in India. Nearly a decade later, the initiate has seen successes and struggles, highlighting its transformative potential alongside areas needing improvement. The initiative conceived under the vision of 'Atmanirbhar Bharat', emphasises five key pillars: a robust economy, modern infrastructure, technology-driven systems, a vibrant demographic structure, and optimal utilisation of demand and supply. Chandrakant Dange, President of ZF Steering Gear India Ltd, "Atmanirbharta represents a transformative shift from reliance on imports to self-sufficiency in manufacturing." The focus on defense production exemplifies this shift, as India aims to reduce its dependency on foreign military equipment.

From being predominantly service-oriented economy, India has diversified its industrial base. Today, India ranks among top ten manufacturing nations globally, supported by competitive labour costs, a growing domestic market and strategic initiatives. Sectors like automotive, electronics and pharmaceuticals have seen exponential growth, with global companies choosing India as their manufacturing destination.

India's automotive sector, for instance has emerged as the world's fourth-largest by volume, with domestic players like Tata Motors and Mahindra & Mahindra gaining international recognition. In electronics, India has transformed into a key manufacturing hub, attracting giants like Samsung and Apple to establish facilities. Such progress underscores the programme's role in reshaping India's industrial identity.