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Indian PM Modi inaugurates Make-in-India Centre in Mumbai

Indian PM Modi inaugurates Make in India Centre in Mumbai pardesi news 1459247796

Modi woos the global investors at Make-in-India week. The event is meant to showcase the best of India

The “Make-in-India” (MII) is the current government’s flagship initiative, launched by the prime minister in September 2014, aiming to encourage international companies to manufacture their goods in India. Indian Prime Minister Narendra Modi recently inaugurated the MII Centre at the Bandra Kurla Complex, a commercial complex in the suburbs of Mumbai. He, along with Swedish Prime Minister Kjell Stefan and Finland’s Prime Minister Juha Petri Sipila inaugurated the Centre.

Thousands of people and mascots of lions swarmed the weekend opening of the MII drive to attract foreign direct investment (FDI), pitched by Prime Minister Narendra Modi as "the biggest brand that India has ever created".

The Make-in-India Centre was based on theme of Innovation, sustainability and design. It showcased country’s some of the most innovative and trendsetting products. Also, it showed the manufacturing process for the first time after the launch of ‘Make-in-India’ initiative, launched in September 2014.  

In the uncertain worldwide economic environment, the Prime Minister said India was the right place to invest. PM Modi said, "We want to present to the world the enormous opportunities that India presents... This is the best time to be in India, even better to 'Make in India'." Promoting India as the “preferred manufacturing destination” globally, the Indian PM said, "FDI inflow has been up 48 per cent since my government came into office. FDI inflow in December 2015 was highest-ever in the country... we want manufacturing to be 25% Of our GDP". He also said that, they are working towards making taxing regime transparent, stable and predictable. Further, a number of initiatives that were taken by his government for doing business in India trouble-free, along with enabling policy decisions and corrections were listed out by the Indian Prime Minister.

The Maharashtra Chief Minister Devendra Fadnavis said that the state will be announcing five new policies aimed at ease of doing business, during the event. The host state is targeting to bag around Rs 4 trillion in investments during the maiden 'Make-in-India' week

The Indian PM also holds bilateral meetings with senior foreign leaders. Over 9,000 delegates were expected to participate in different events.

The week will have participation from various union and state ministers, Chief Ministers, senior government officials, top industrialists and businessmen from India and overseas along with several government and business delegations abroad.

It was an event meant to showcase the best of India. The MII week concludes on 18 February.

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Patrick Callahan

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Pardesi News Reporter

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