Make in India strategy

Country / jurisdiction: India · Year: 2014 · Status: In force · Level: National · Type: Voluntary

The prime minister of India launched the Make in India initiative in 2014 to galvanise investments in India’s manufacturing sector, including through the development of state-of-the-art infrastructure to create industrial corridors and smart cities. The Make in India programme aims to increase the share of manufacturing as a proportion of GDP from 16% to 25% by 2022, and to create 100 million additional jobs in industry. In the clean energy space, through the Make in India initiative, the government is working to attract global companies to produce solar photovoltaics (PV), lithium batteries, solar charging infrastructure and other advanced technologies in India. In particular, the government is strengthening its innovation efforts in a broad range of energy technology areas, including cooling, electric mobility, smart grids and advanced biofuels. Under the Make in India initiative, the focus is on public–private collaboration to tap into the RD&D capabilities of private actors and scale up domestic technology development and deployment, leading to sizeable job creation. The plan is bolstered by the government’s target to achieve 450 GW of installed renewables capacity by 2030.

Official source: https://www.makeinindia.com/about