Page 17 - NIS English 16-30 Sep 2024.pdf

Figures showing progress

165.1
200
Billion Dollars
150 97.7

100 Billion Dollars

50 FDI in the manufacturing sector
grew by 69% in a decade.
0
2014-24 2004-14
PLI

n With an aim to boost India’s manufacturing
capacity and exports, Production-Linked Incentive
What I mean to say is that
(PLI) schemes for 14 key sectors were announced
today Make in India is not a
with an outlay of Rs 1.97 lakh crore.
slogan. Make in India is not an
n By May 2024, investments of over Rs 1.28 lakh crore
invitation. Make in India is the
were made, leading to production/sales of Rs 10.8
responsibility of all of us.
lakh crore and creation of over 8.5 lakh direct and
indirect jobs.
- Narendra Modi, Prime Minister
n Exports grew by Rs 4 lakh crore with significant
contributions from sectors such as large-scale
electronics manufacturing, pharmaceuticals, food possibilities in front of 'Make in India'. Whether it
processing, telecom, and networking products.
is the Central Government, State Government, local
n A total outlay of Rs 6,238 crore was approved in the State Government rules, private participation, or
PLI scheme for white goods (ACs and LED lights). corporates, how can everyone work together for
Investments under the white goods PLI scheme as the country? Prime Minister Modi had once said
of May 2024 were Rs 3,181 crore, leading to sales of from the Red Fort, Zero Defect, Zero Effect, that
Rs 13,320 crore.
is, there should not be even the slightest defect
in the product of India because quality is very
n Production of 39 medical devices has started,
including CT-scan, linear accelerator (LINAC), important in the competitive world. Make in India,
rotational cobalt machine, C-arm, MRI, cath lab, a new area, has brought new possibilities. With
ultrasonography, dialysis machine, heart valves, foresight, thinking in terms of the security of the
and stents. country, it is clear that Make in India is the need of
the hour in every sector. Therefore, moving forward
n Unique intermediate materials and bulk drugs are
being manufactured in India, including penicillin-G. with the spirit of Make in India is a necessary step
for the nation.
n Production of mobile phones has increased by The 'Make in India' campaign is the need of 21st
more than 125 percent. Exports of mobile phones century India today and also allows showing its
have grown almost fourfold since FY 2020-21. strength to the world. If raw material goes out of a
country and the products made from it have to be
n Foreign direct investment has increased by about
254 percent since the introduction of the PLI imported from that country, then this situation will
scheme for electronics manufacturing. be a loss deal for any country. On the other hand,
if a huge country like India becomes just a market,
n 60% import substitution has been achieved in the then India will never be able to progress, nor will
telecom sector, with significant growth in sales of it be able to provide opportunities to the younger
telecom and networking products.
generation. The way the supply chain affected the

New India Samachar September 16-30, 2024 15