PM Modi marks 12 years of Make in India, highlights manufacturing growth

NEW DELHI: Prime Minister Narendra Modi has marked 12 years of the Make in India initiative, highlighting growth in domestic production, investment and exports across sectors.

In a post on X on 25 September, Modi said the initiative had resulted in “more made in India, more investment in India and more exports from India”, adding that the transformation was visible across sectors.

Launched on 25 September 2014, Make in India was aimed at positioning India as a global hub for manufacturing, design and innovation. The initiative now covers 27 sectors, including 15 manufacturing and 12 services sectors.

According to a government backgrounder, electronics production has increased nearly sevenfold from around Rs 1.9 lakh crore in 2014-15 to around Rs 13.11 lakh crore in 2025-26. Mobile-phone production has risen approximately 33-fold during the same period, from around Rs 18,000 crore to Rs 6.27 lakh crore. India is now the world’s second-largest mobile phone manufacturer by volume, the government said.

Defence production has also expanded, rising from Rs 46,429 crore in 2014-15 to a record Rs 1.78 lakh crore in 2025-26, according to the government.

The manufacturing push has extended to automobiles, pharmaceuticals and medical devices. Vehicle production reached 31.03 million units in 2024-25, while the pharmaceutical sector’s annual turnover stood at Rs 4,71,898 crore in the same year.

The government backgrounder said manufacturing gross value added at constant prices recorded a compound annual growth rate of 10.88 per cent between 2022-23 and 2025-26 under the revised national accounts series. Manufacturing output under the Index of Industrial Production grew 7 per cent during April-July 2026 compared with the corresponding period a year earlier.

Investment has also been a key part of the initiative. Cumulative foreign direct investment reached $843 billion between 2014-15 and 2025-26, representing a 169 per cent increase over the preceding 12-year period, according to PIB.

The Production Linked Incentive schemes across 14 sectors had attracted Rs 2.40 lakh crore in investment and generated more than Rs 22.66 lakh crore in production and sales as of June 2026. The schemes also supported more than Rs 15.20 lakh crore in exports and created over 14 lakh jobs, the government said.

The latest phase of Make in India has also expanded into areas including semiconductors, rare-earth permanent magnets, industrial parks, specialty steel and advanced manufacturing technologies, reflecting the government’s broader focus on building domestic manufacturing capabilities.