Page 74 - Mann Ki Baat - English

Reflecting on a Decade of Make in India:
Reviving Our Manufacturing Future
Pankaj Mohindroo
Chairman, India Cellular &
Electronics Association (ICEA)
“लहरोों से डरोकरो नौका पारो नहीं
होती,
कोशिि करोने वालों की कभी हारो
नहीं होती”
–हररोवि रोाय बच्चन
ं
India's economic journey
has been marked by ambition,
resilience and transformation.
After liberalising the economy
in 1991 from the crutches of
excessive regulations, we
emerged as a global leader in IT
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and ITES services. However, we
missed a crucial opportunity in
manufacturing—a sector that
has generated immense job
opportunities and propelled
many competing nations to
significant economic prosperity.
In 2014, under the visionary
leadership of Prime Minister
Narendra Modi, the 'Make
in India' (MII) initiative was
launched. Symbolised by
the majestic Bengal Tiger,
this initiative roared onto the
global stage, declaring India's
readiness to lead and innovate.
Over the past decade, it has not
only galvanised GDP growth
and employment but has also
positioned the nation as an
emerging global manufacturing
powerhouse. From textiles and
electronics to automobiles,
aviation, renewable energy, and
defence, India's manufacturing
sectors have surged ahead.
What makes MII unique
is our democratic framework
ensuring transparency and
accountability. Our young
and dynamic workforce offers
a significant demographic
dividend. With a projected GDP
growth between 6.5-7% in 2024-