Make in India drives up foreign investment

18-Dec-2015 #MakeInIndia Source: India Inc

Foreign Direct Investment (FDI) figures seem to be presenting a positive picture on the back of the Make in India programme.

The Indian government’s Department of Industrial Policy and Promotion (DIPP) latest analysis reveals that FDI surged by about 35 per cent in the last 17 months, compared to the same period a year ago.

DIPP secretary Amitabh Kant said: “Since the announcement of Make in India we have been able to get significant investments.

“Many of the investments have fructified, many are in the process of fructification. We are hand-holding for many investments. All the investments are in the process of happening.

“In the next one month, DIPP officials will be going across India holding a series of roadshows to provide impetus and momentum to domestic companies, push their investments. We will also provide a push to start-ups.”

DIPP is also working on the first-ever Make in India week in Mumbai in February 2016, where over 1,000 companies and delegates are expected to participate from over 60 countries. Indian Prime Minister Narendra Modi will kick off the week-long event on February 13, around the theme of innovation, design and sustainability.

The department is also planning a series of road shows to push domestic companies to manufacture in the country.

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