Why in News?
The Prime Minister of India, Narendra Modi, has hailed the success story of the ‘Make In India’ initiative for giving a boost to the global economy.
Make in India Initiative
‘Make In India’ is an initiative launched by the Government of India to promote the country as a global manufacturing hub. The initiative aims to boost the economy by increasing production, facilitating investment, fostering innovation, and building a robust manufacturing infrastructure.
Success Story
The success story of ‘Make In India’ can be seen in the following areas:
- Indian Bicycles: Indian bicycles have become a global sensation, with exports surging to the UK, Germany, and the Netherlands.
- Made in Bihar Boots: Made in Bihar boots are now part of the Russian Army’s gear, showcasing the global reach of Indian products.
- Kashmir Willow Bats: Kashmir willow bats have become a global favorite, especially during the World Cup.
- Amul Products: Amul is taking India’s unique flavors to the world, launching its products in the US.
- UPI System: India’s UPI system is now global, enabling seamless digital payments in multiple countries.
- BrahMos Missiles: The BrahMos missiles, a joint venture between India and Russia, are now operational in the South China Sea.
The ‘Make In India’ initiative has given a new boost to the economy by increasing production, facilitating investment, fostering innovation, and building a robust manufacturing infrastructure. This has also helped in generating lakhs of employment opportunities in the country.