Business & Economy

India Transformed Into a Global Manufacturing Hub: Industry Minister

© AP Photo / Saurabh DasIndian Prime Minister Narendra Modi, center, unveils the logo of 'Make in India' initiative in New Delhi, India, Sept. 25, 2014. India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia.
Indian Prime Minister Narendra Modi, center, unveils the logo of 'Make in India' initiative in New Delhi, India, Sept. 25, 2014. India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia. - Sputnik India, 1920, 25.09.2026
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Today marks the 12th anniversary of the Government of India's flagship 'Make in India' programme.
India has transformed into a global manufacturing hub, shedding its previous tag as a domestic-market producer, Federal Commerce and Industry Minister Piyush Goyal said on Friday.

"Looking back on 2014, one may recall debates about India's manufacturing potential. At a time when many products used in India were imported, PM Narendra Modi refused to accept that as our fate," Goyal posted on X.

"He envisioned an India that would not only manufacture for its own needs but would also create products for the world. An India where products used across the globe would proudly carry the tag 'Made in India' and be known for their quality. We are witnessing that vision taking shape," he added.

Goyal also highlighted that before the scheme was launched, 77% of cellphones used by Indians were imported. On the contrary, 99.2% of phones used in the country will be made in India in 2026.

Besides, greenfield industrial smart cities are being set up across the country under the National Industrial Corridor Development Programme to build infrastructure for globally competitive manufacturing.

However, Goyal reckoned that the real story of Make in India is the confidence it has created.

"The confidence among our startup founders, entrepreneurs, manufacturers, innovators, exporters, and, most importantly, our people that India can make, India can innovate, and India can compete with the world," the minister concluded.

🚨 'BRICS Secure' facilitates collateral-free loans of up to $2 - Sputnik India, 1920, 25.09.2026
🚨 'BRICS Secure' facilitates collateral-free loans of up to $2.5M for Indian exporters
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