Prime Minister Narendra Modi has today launched the Make in India Week at National Sports Club of India in Mumbai.
The flagship event is designed to promote government’s major scheme ‘Make in India’ and give boost to manufacturing sector in the country. During the Make in India week, over 190 exhibitors are showcasing their manufacturing prowess.
Prime Minister Modi also inaugurated the Make in India design centre in the NSCI complex where India is showcasing opportunities in manufacturing sector.
“Vibrant, colourful and dynamic, the Lion invites the world to make in India,” tweeted Prime Minister Modi Soon after the launch.
Speaking at the inaugural address Prime Minister Modi saidthat momentum of ‘Make in India’ campaign has installed confidence in Indian makers and motivates the government to make policy & process easy.
“India has made its systems cleaner, simpler, proactive and business friendly” said the Prime Minister.
Listing his government’s policy decisions to push make in India program, Modi said that his government has given all round emphasis on ease of doing business.
“We want to present to the world the enormous opportunities that India presents… we want manufacturing to be 25% Of our GDP,” said the Prime Minister.
“The formation of Company law tribunal is at the final stage. We will put in place an effective IPR policy and patent regime very soon, ”said Prime Minister Modi
“We will end this fiscal year with well over 7 % growth in GDP” he added.
Earlier in the day, PM walked through the complex along with Prime Ministers of Sweden and Finland who have come to attend the Make in India week.
Government delegations from 49 countries and business delegations from 68 countries are attending the event. Delegations from countries like Finland, Sweden are lead by their Prime Ministers. A delegation from Poland lead by their Deputy Prime Minister was also present at the event.
“I can’t speculate on the number of memoranda of understanding that will be signed, but this is a brilliant start. All our partners are very enthusiastic,” said Commerce Minister Nirmala Sitharaman.
“India never had this kind of participation from across the world. FDI has grown by 48 per cent in recent months and it will continue to grow in future,” Amitabh Kant, Secretary of the Department of Industrial Policy and Promotion told media at the venue.
The Design centre also hosting 17 state exhibitions along with several country pavilions in an area of 2, 20,000 Square Metre. The country pavilions will include exhibitions from Sweden, Germany and South Korea. Over 2,500 international and 8,000 domestic companies are participating in the event.
Earlier on his arrival at the Mumbai airport today, Prime Minister was received by Maharashtra Governor C V Rao and Chief Minister Devendra Fadnavis.