‘Make in India’ week gets Rs 15.2 lakh crore investment commitments
The Make in India week concluded in Mumbai on Thursday. The mega event secured investment commitments worth Rs 15.2 lakh crore.
Make in India initiative is part of the government's push present India as an attractive investment destination and create jobs by increasing the share of manufacturing to GDP over the next decade.
The week-long program saw nearly 9 lakh visitors from 102 participating countries.
The Make in India week concluded in Mumbai promoting India as a stable Investment destination with a healthy competitive spirit among states.
The first of its kind mega event encouraged Design, Innovation, Youth and Startups. It was a platform where global CEOs, think tanks, policy makers, Diplomats and Political leaders converged.
Among the outcomes 15,20,000 crore rupees Investment committed 1,05,000 crore rupees of Business Enquiries, 8,90,000 Visitors, with 102 countries participating.
Among those who participated were PMs, Deputy PM and Foreign Ministers of 20 countries, 13 Union Ministers, 15 Chief Ministers and over 1000 CEOs.
Among the key deals during the week, are BAE Systems and Mahindra for assembling and testing of M777 Howitzers ORACLE's USD 400 million investments in India to set up 9 incubation centres.
Tar Kovacs and Government of Karnataka for setting up ocean based renewable energy project Mercedes committing an Investment of Rs. 1500 crore and Employment of over 4000.
CREDAI and MCHI for 5.7 lakh affordable homes with an investment of Rs.1.1 lakh crore and 7.6 lakh jobs.
On the concluding day, Textiles Minister Santosh Kumar Gangwar said a Textile Policy will be announced before the Lok Sabha session ends.
24 new textile Parks have been approved and an investment of around 30 thousand crores is expected.
The high profile make in India event was also a platform for innovators, programmers and engineers. It showcased success stories of young entrepreneurs who have designed, innovated and built in India, and promoted India as a center for global design with the message 'Create in India for the World'.