 "Make in India has tremendous impact on investments")
The Indian Government's Make in India campaign aims at transforming the country into a global manufacturing hub and has already made a "tremendous" impact on the investment climate as evidenced by the growth in FDI, the Parliament was informed today.
"The Make in India initiative of the government has made a tremendous impact on the investment climate of the country, as shown by significant growth of the overall foreign direct investment (FDI)", Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
The flagship program of the Modi government aims at developing the country as a global hub for manufacturing, innovation and design for both domestic and foreign markets.
India received $ 32.87 billion in FDIs from October 2014 to September this year.
"The Make in India initiative of the government has made a tremendous impact on the investment climate of the country, as shown by significant growth of the overall foreign direct investment (FDI)", Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
The flagship program of the Modi government aims at developing the country as a global hub for manufacturing, innovation and design for both domestic and foreign markets.
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The initiative was launched in September last year by the Centre to focus on invigorating the country's manufacturing sector.
India received $ 32.87 billion in FDIs from October 2014 to September this year.