The week-long Make in India event from 13th Feb to 18th Feb 2016 in Mumbai has secured investment commitments worth Rs 15.2 lakh crore, including Rs 8 lakh crore accounting for Maharashtra by itself. Besides, this event has also received investment enquiries worth Rs 1.5 lakh crore as well. The week-long program saw almost 9 lakh visitors from 102 participating countries.
DIPP Secretary Amitabh Kant informed “The multi-sectoral Make in India Week has been a great success. We’ve managed to get investment commitments to the tune of over Rs 15.2 lakh crore from the event.” The officials are optimistic about the summit to create a favorable setting for investors from all across the world.
The Key Deals in Make in India Week
- BAE Systems and Mahindra to make $400 million investment in India to set up 9 incubation centers for assembling and testing of M777 Howitzers ORACLE
- Tar Kovacs and Government of Karnataka to make an investment of Rs. 1500 crore and to provide employment of over 4000 for setting up ocean based renewable energy project Mercedes
- CREDAI and MCHI to make Rs.1.1 lakh crore investment and to offer 7.6 lakh job opening for 5.7 lakh affordable homes
- 24 new textile Parks have been permitted and an investment of around 30 thousand crores is projected
- On the closing day, the Textiles Minister Santosh Kumar Gangwar informed in advance about the announcement that is to be made before the Lok Sabha session ends
‘Create in India for the World’
This week-long high profile event became a grand platform for business leaders, programmers and engineers. It showcased achievements and accomplishments of those young entrepreneurs who have designed, innovated and built in India, and advanced India as a hub for global intend with the message ‘Create in India for the World’.
Few Facts about Make in India Week event
Here are few notable facts considering the Make in India Week event below–
- 30 per cent of the total commitment pie have come from foreign players
- According to the officials the summit was not about manufacturing alone, but of innovation and nurturing inventors also
- The fête, for which the Modi government has allegedly spent about to Rs 100 crore in marketing only, is part of the government’s push to create jobs by increasing the share of manufacturing to GDP to 25 per cent over the next decade
- North-eastern states participated in a very low scale
- Most of the non-NDA states only excluding Karnataka (ruled by Congress) and Odisha (ruled by the BJD) kept away from the summit.
- Over 2,500 international and 8,000 domestic companies are declared to have participated in the week-long industrial event
- Prime Ministers of Sweden, Finland and Deputy Premier of Poland along with other foreign ministers attended the opening ceremony
- This unique mega event was a platform where global CEOs, think tanks, policy makers, Diplomats and Political leaders and also encouraged Design, Innovation, Youth and Startups