Business Standard

World not ready to Make in India? Samsung plant masks Modi govt's struggle

While India's economy has overtaken France to become the world's 6th largest, manufacturing has shrunk to about 15 per cent of the GDP from a peak of 18.6 per cent in 1995, according to the World Bank

Samsung, modi
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Prime Minister Narendra Modi with South Korean President Moon Jae-in at the inauguration ceremony of the mobile phone manufacturing facility in Noida PTI

Iain Marlow and Vrishti Beniwal | Bloomberg
Despite a sleek marketing campaign, the world isn’t quite ready to ‘Make in India.’

Last week, Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in celebrated the inauguration of what Samsung Electronics Co. Ltd. called the world’s largest mobile phone factory. At the splashy event just outside New Delhi, Modi said the facility was “extremely important” for his 'Make in India' initiative to boost manufacturing to 25 per cent of India’s economy by 2020 and create millions of jobs. Samsung said the plant was a “shining example” of the success of the program.

But the investment is more

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