Why in news?
Since the launch of Make in India programme, FDI inflow during the period April 2014 to December 2019 has been USD 335.33 billion which is nearly 51% of cumulative FDI in India since April 2000.
- In 2018-19, FDI inflow stood at a record of USD 62 billion, highest ever recorded for a fiscal year ever.
Make in India
It is not a scheme rather an initiative which was launched on September, 2014 with the objective of facilitating investment, fostering innovation, building best class manufacturing infrastructure, making it easy to do business and enhancing skill development.
- The initiative is further aimed at creating a conducive environment for investment, modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between government and industry through positive mindset.
Make in India 2.0
Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0.
- The Department for Promotion of Industry and Internal Trade is coordinating action plans for 15 manufacturing sectors
- Department of Commerce is coordinating action plans for 12 service sectors.
At the same time, investment promotion and facilitation activities under the Make in India initiative are being undertaken by several Central Government Ministries/ Departments and various State Governments from time to time.
|S.No.||State Name||Amount of Foreign Direct Investment Equity Inflows (In US$ Million)||Percentage with Inflows|