Rs.15,20,000-crore investment committed at Mumbai conclave
The first-ever ‘Make In India Week’ held in Mumbai recently showcasing India’s manufacturing prowess was a great success. The week-long event created avenues for showcasing, connecting and collaborating for manufacturing in India, promoted an Investment-enabling environment, provided encouragement to design, innovation, youth and start-ups, and offered a platform where global CEOs, think-tanks, policy makers, diplomats and political leaders converged.
On the occasion, Mr. Amitabh Kant, Secretary, Department of Industrial Policy & Promotion, said the ‘Make In India Week’ witnessed a business commitment of Rs. 15.20 lakh crores in investment. “Make In India Week in Mumbai has been a phenomenal hit. It has successfully brought manufacturing, design and innovation to the centre-stage”.
The Maharashtra Chief Minister, Mr. Devendra Fadnavis, said the State was successful in attracting investment worth Rs. 8 lakh crores across sectors. A Task Force is being set up, headed by the State Industry Minister, to ensure that MoUs signed are translated into actual investments.
Facts at a glance
More than eight lakh people visited the ‘Make In India’ Expo and other events, of which 49,743 were registered delegates. A total of 102 countries were represented in the mega expo.
As many as 150 events were organized under the ‘Make In India Week’ banner while more than 25,000 people participated in seminars and symposia, where over 1,200 experts from various walks of life, Ministers, Chief Ministers, policy-makers, industrialists, academicians and spiritual gurus spoke on wide-ranging issues concerning business and society.
The ‘Make In India’ Expo was spread over 23 lakh sq.ft. area, housed under air-conditioned hangers in 27 halls. A total of 215 exhibitors showcased their strengths and opportunities in 11 sectors covering aerospace &defence, automobiles, chemicals & petrochemicals, construction machinery, food processing, infrastructure, IT & electronics, industrial equipment & machinery, MSME, pharmaceuticals and textiles. All together 17 Indian States and three countries – Germany, Sweden and Poland – had their pavilions in the ‘Make In India’ Centre.
‘Make In India Week’ also provided platform for nearly 8,200 business-to-business, business-to-government and government-to-government meetings.
The key deals concluded during MIIW were:
- The Sterlite Group company TwinStar Display Technologies and MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan
- BAE Systems and Mahindra for assembling and testing of M777 Howitzers
- ORACLE’s $400 million investment in India to set up nine incubation centers
- Trivitron healthcare manufacturing unit in Chennai
- The Gujarat Government and Vestas (Denmark) for windmill blades manufacturing unit in Ahmedabad
- Raymond Industries to invest Rs. 1,400 crores for manufacturing linen yarn and fabric facility
- Mahindra & Mahindra plan to invest Rs. 8,000 crores (Nashik: Rs. 6,500 crores, Chakan: Rs. 1,500 crores)
- The Gujarat Government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in Gujarat
- Tar Kovacs and the Karnataka Government for setting up ocean-based renewable energy project
- Yes Bank and IREDA for financing of renewable power projects
- Ascendas investments worth Rs. 4,571 crores, employment 1.09 lakh
- Mercedes investments worth Rs. 1,500 crores, employment 4,270
- Rashtriya Chemicals and Fertilizers investments worth Rs. 6,204 crores, employment 140
- Godrej Industries investments worth Rs. 3,000 crores, employment 2,000
- JSW Jaigarh Port Ltd. investments worth Rs. 6,000 crores, employment 1,000
- CREDAI and MCHI for 5.7 lakh affordable homes with an investment of Rs. 1.1 lakh crores and 7.6 lakh jobs
- The Government of Jharkhand and Vedanta Ltd.
- The Government of Jharkhand and the Adani Group to set up a thermal power plant with a total capacity of 1,600 MW to be supplied to Bangladesh Grid
- Agreement between the Jharkhand Government and the Adani Group to set up a coal-based methane fertilizer plant
- Uber and Skill Development and Entrepreneurship Department (SDED) of the Maharashtra Government
- Solar Industries and the Maharashtra Government to set up a plant in Nagpur for making ammunition for Armed Forces
Policies / initiatives unveiled
A Rs. 2,200-crore Electronics Development Fund was unveiled by the Communications & IT Minister, Mr. Ravi Shankar Prasad, to finance innovations, research and development in the electronics manufacturing sector.
The National Capital Goods Policy was unveiled by the Heavy Industries Minister, Mr. Anant Geete, aimed at creating an ecosystem for a globally competitive capital goods sector.
Investment opportunities in the food processing industry outlined by Ms. Harsimrat Kaur Badal, and E toll policy covering 360 toll plazas on the National Highways across the country.
State-specific policies
The Maharashtra Government unveiled five new policies during the ‘Make In India Week’ – Maharashtra Retail Policy, Single Window Policy, Maharashtra Maritime Industries Policy, Electronics Policy covering FAB manufacturing, and special package for SC/ST entrepreneurs.
The Odisha Industrial Development Plan 2025 and the Jharkhand Industrial Promotion Policy 2016 were also unveiled during the week.
The ‘Make In India’ Mittelstand initiative was aimed at attracting small & medium enterprises from Germany to set up manufacturing facilities in India. As many as 19 Mittelstand companies enrolled for the programme.
Focus on design, innovation & start-up
Mr. Amitabh Kant said one of the key focus areas of ‘Make In India Week’ was Design, Innovation & Start Ups. On the spot prize of Rs. 2 crores by Qualcomm for start-ups in India.
Hackathon, organized by the consortium of IITs, provided a platform for innovators, programmers and engineers. Two teams each providing innovative solutions in water, energy and transportation were awarded during the week.
The other key initiatives of the ‘Make In India Week’ included Industry- Academia Partnership, role of design in manufacturing, and Make In India: Way Forward seminar with focus on domestic manufacturing, digital India initiative, smart cities and skill India programme.
The Union Ministers who participated in the ‘Make In India Week’ which was inaugurated by the Prime Minister Mr. Narendra Modi, included Mr. Arun Jaitley, Mr. Manohar Parrikar, Mr. Nitin Gadkari, Mr. Ravi Shankar Prasad, Mr. Kalraj Mishra, Ms. Nirmala Sitharaman, Mr. Piyush Goyal, Mr. Dharmendra Pradhan, Mr. Anant Geete, Mr. Santosh Kumar Gangwar, Ms. Harsimrat Kaur Badal and Col Rajyavardhan Rathore.
The key Indian CEOs who were present included Ratan Tata, Cyrus Mistry, Mukesh Ambani, Kumar Mangalam Birla, Anand Mahindra, Gautam Adani, G V Sanjay Reddy (GVK), Ajay Piramal and Y C Deveshwar (ITC), among others.
The key foreign CEOs who attended it included John Chambers of CISCO Systems, Markus Wallenberg of SEB (Sweden), Doug DeVos of Amway, HakanBushke of SAAB, Sweden, Edward Monser IV of Emerson, USA, Mats H Olsson of Ericsson and Karol Zarajczyk of Ursus, Poland.
The way forward
The ‘Make In India Week’ concluded with a commitment to achieving the vision of 25 per cent contribution to GDP through manufacturing. The broad objectives of the mega meet were:
- Striving to provide investment-enabling environment to foreign and domestic investors
- Promoting quality jobs through development of innovation and design ecosystem
- Forging partnerships for manufacturing sector development for enabling “Champions of Manufacturing”
- Active co-operation with States for promoting manufacturing across all States in India
- Promoting industry and academia linkages for joint research and product development to drive frugal engineering
- Focus on spreading awareness about promoting manufacturing in under-developed areas of the country