The Ministry of Commerce and Industry stated, ahead of the eight-year anniversary of the Central Government’s “Make in India” program on September 25, that the program, which is aimed at self-sufficiency or being “aatmanirbhar,” has substantial accomplishments across 27 sectors, including strategic sectors such as manufacturing and services. The following are the program’s four main features:


Attracting unprecedented FDI inflows

FDI inflows totaled $45.15 billion in the first year of the ‘Make in India’ scheme. According to a press release from the commerce ministry, the years 2021–22 registered the highest ever FDI at $83.6 billion, and India is on course to attract $100 billion in FDI in the current fiscal year.

PLI Scheme Implementation

The government implemented Production Linked Incentive (PLI) programs across 14 key manufacturing sectors as part of the ‘Make in India’ program in 2020–21 as a significant boost to the “Make in India” effort. The statement says that this includes a $10 billion incentive plan to set up an ecosystem in India for semiconductors, displays, and design.

Steps taken to make conducting business easier

The government has taken several initiatives to promote the ease of doing business in India in order to simplify the many aspects of doing business. A Phased Manufacturing Programme, as well as lower company taxes, public procurement orders, and the National Single Window System (NSWS), which will be soft-launched in September 2021, have made conducting business easier. Furthermore, the implementation of the Prime Minister’s “Gatishakti” programme to ensure multimodal connectivity to the country’s manufacturing zones has improved access to markets and decreased logistics costs.

According to a press release from the Ministry of Commerce and Industry, the goal of the One-District-One-Product (ODOP) initiative is to make it easier to promote and make products that are unique to each district of the country. It also wants to give artisans and manufacturers a global platform so they can help the economy of different parts of the country grow.

Improving toy exports while decreasing imports

To reduce the import of foreign-made toys and improve India’s ability to make toys domestically, the Basic Custom Duty on the import of toys was raised from 20% to 60%. To foster innovation in this area, initiatives such as The India Toy Fair 2021, Toycathon 2021, and Toy Business League 2022 have been launched.

The Ministry stated in the announcement that, despite the pandemic, the Indian toy industry has flourished, boasting of $326 million (Rs 2,601.5 crore) in toy exports in FY21-22, a 61 percent rise over $202 million (Rs 1,612 crore) in FY18-19. Toy imports fell by 70% in FY21-22, totaling $110 million (Rs 877.8 crore), compared to $371 million (Rs 2,960 crore) in 2018-19.

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