Investments are now flowing into Make in India and other flagship schemes of the Narendra Modi government. As the focus shifts towards how well these funds can be utilised, India Inc. takes an in-depth look at the implementation strategy and attempts at overcoming challenges.
The first-ever Make in India Week has come to a close with some impressive top line numbers – an investment commitment worth $225bn and the promise of nearly 6 million new jobs over the next five years. India Inc. goes behind these headline figures to dig a little deeper.
Speaking at the G20 working session in the Mediterranean city in Turkey, Prime Minister Narendra Modi said that India’s economic growth is likely to grow at 7.5 per cent this year and will achieve a growth rate of 8 per cent plus next year.
During his meeting with Prime Minister Narendra Modi in London, Vittorio Colao, CEO, Vodafone Group has announced that his company will invest $1.9 billion for Digital India, Make in India and Payment Bank initiatives in India.