Page 35 - NIS English 16-30 September, 2023

9 years of Make in India Nation

DEFENCE EXPORTS AT AN ALL-TIME HIGH
Today, Make in India is not a slogan.
This is not an invitation. Make in India;
Nearly 14 times growth crore rupees then people around the world will come
15,920
this is the responsibility of all of us. If we
all move forward with responsibility,

1153 looking for us. Have Faith!
crore rupees - NARENDRA MODI, PRIME MINISTER
2013-14 2022-23 exports, and the other is to consider meeting India's
Exports of Defence Products
needs. Give the people of India enough material that
they will not need to look outside. Following a review,
India is moving towards self-reliance in defence 15 manufacturing sectors and 12 service sectors
equipment production and is emerging as a
major exporter. In fiscal year 2022–23, India set were included in Make in India 2.0 to emphasise the
a new record for highest-ever defence exports importance of these aspects.
of Rs 15,920 crore. This is ten times more than in On the 77th Independence Day, Prime Minister
2016–17. Prime Minister Narendra Modi tweeted, Narendra Modi said from the ramparts of the Red
"Excellent! This is a clear manifestation of India's Fort that India's exports are growing rapidly. World
talent and enthusiasm towards' Make in India rating agencies are praising India and acknowledging
'. This also shows that the reforms undertaken
in this sector in the last few years are yielding the potential of Indians in the new world order
good results. Our government will continue after Corona. At a time when global supply chains
to support efforts to make India a defence were disrupted, we demonstrated to the world that
manufacturing hub." solutions could only be found by focusing on human
needs. The Indian economy is now part of the global
57% FDI INCREASE IN MANUFACTURING supply chain, which provides stability. If there is a
Make in India thing on any table in the world, then
the world should have faith; nothing can be better
Investment outreach programmes are carried out than this. It will be the ultimate; everything will be
through Indian missions abroad in addition to the the best; our services will be the best; our words will
Central and State governments to promote both
domestic and foreign investment in the country be the best; our institutions will be the best; and our
while enhancing international cooperation. decision-making processes will be the best.
Inviting potential investors from all over the world DATE FOR COMMENCEMENT OF
to join the growth story of New India, substantial MANUFACTURING EXTENDED
progress has been achieved in 27 sectors. Due
to Make in India, the manufacturing sector 'Make in India 'is strengthening the AatmaNirbhar
has grown by 57% between 2014 and 2022 as Bharat campaign. Keeping this in mind, the deadline
compared to eight years during 2006–14. Thanks for beginning manufacturing for tax benefits has been
to the economic reforms undertaken in recent extended to March 31, 2024. This initiative towards
years and the ease of doing business, the country self-reliance is accelerating the development of the
is on track to attract $100 billion in FDI.
Indian economy.
INDIA WILL BECOME A MAJOR PASSENGER
AIRCRAFT MANUFACTURER.
India will produce the large passenger aircrafts. They
will be marked "Made in India." On October 20, 2022,
Prime Minister Narendra Modi laid the foundation for
the C-295 aircraft manufacturing plant in Vadodara,
Gujarat. n

New India Samachar September 16-30, 2023 33