The “Make In India” week, which brought manufacturing, design and innovation to the centre-stage, fetched a total business commitments worth Rs15.2 lakh crore, from investors from within and outside the country, with Maharashtra accounting for as much as Rs8 lakh crore.
Talking to mediapersons after the week-long event ended at the MMRDA grounds in north-central Mumbai on Thursday, Department of Industrial Policy & Promotion (DIPP) Amitabh Kant said: “”Make In India Week in Mumbai has been phenomenal hit. We have managed business commitments worth Rs15.20 lakh crore in investment. It has successfully brought manufacturing, design and innovation to the centre-stage”.
“We have already opened the economy across sectors to the world. We’re now showcasing, connecting and collaborating for manufacturing in the country,” Kant said.
The host state of Maharashtra walked away more than 50 per cent of the total business commitments during the “Make In India” week event, at which 17 states and three countries –Germany, Sweden and Poland – had set up pavilions to show-case their potential in various manufacturing sectors.
Making a special mention of Maharashtra which signed MoUs worth Rs8 lakh crore, Kant said that Maharashtra could become the gateway for the rest of the country.
“I am happy that my state was successful in attracting investment worth Rs8 lakh crore across sectors. We are setting up a Task Force is being set up headed by the State Industry Minister to ensure that MoUs signed are translated into actual investments,” Maharashtra chief minister Devendra Fadnavis said.
Among the key deals that were concluded the event were: Sterlite Group company TwinStar Display Technologies & MIDC with Autron of Taiwan for lCD manufacturing unit in technical collaboration with Autron of Taiwan, BAE Systems and Mahindra for assembling and testing of M777 Howitzers, ORAClE’s USD 400 million investment in India to set up 9 incubation center, Trivitron healthcare manufacturing unit in Chennai and Gujarat Government and Vestas (Denmark) for wind mill blades manufacturing unit at Ahmedabad.
In other announcements made at the event were: a promised investment of Rs 1,400 crore by Raymond Industries on a manufacturing linen yarn and fabric facility, investment of Rs8,000 crore by Mahindra & Mahindra in Nashik (Rs6500 crore) and Chakan (Rs1,500 crore) in automobile sector, an investment commitment of Rs50,000 crore by the Adani group in power and fertiliser plants in Jharkhand, the signing of an MoU between the Gujarat Government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in its state, inking of a deal between Tar Kovacs and Government of Karnataka for setting up ocean based renewable energy project.
Some other investment commitments made at the event were: Ascendas (Investment Rs4571 crore and employment: 1.09 lakh), Mercedes (investment: Rs1500 crore and employment: 4270), Rashtriya Chemicals and Fertilizers (investment: Rs6204 cr and employment: 140, Godrej Industries (investment: Rs3,000 cr and employment: 2,000 and JSW Jaigarh Port ltd (investment: Rs6000 crores and employment: 1000)
The Centre unveiled three major policies/initiatives – which included setting up of a Rs2,200 crore Electronics Development Fund to finance innovations, research and development in electronics manufacturing sector, the National Capital Goods Policy aimed at creating an ecosystem for a globally competitive capital goods sector and an E toll policy covering 360 toll plazas on the National Highways across the country.
As part of the State-specific policy initiatives, the Maharashtra government unveiled five new policies: Maharashtra Retail Policy, Single Window Policy, Maharashtra Maritime Industries Policy, Electronics Policy covering FAB manufacturing and a special package for SC/ST entrepreneurs. While Odisha came out with its Industrial Development Plan 2025, Jharkhand unveiled its industrial promotion policy 2016.
More than 8 lakh people visited the Make In India Expo and other events, of which 49,743 were registered delegates. As many as 102 countries had sent their representatives to the expo. As many as 150 events were organized as part of the Make In India Week, while more 1200 experts from various walks of life from Ministers, Chief Ministers, policymakers, industrialists, academicians and spiritual gurus spoke on wide ranging issues concerning business and society.
As many as 215 exhibitors showcased their strengths and opportunities in 11 sectors covering aerospace & defence, automobiles, chemicals & petrochemicals, construction machinery, food processing, infrastructure, IT & electronics, industrial equipment & machinery, MSME, pharmaceuticals and textiles.
Inaugurated by Prime Minister Narendra Modi, as many as a dozen union minister and chief ministers of at least a dozen states participated in the event. Key Indian CEOs who were present included Ratan Tata, Cyrus Mistry, Mukesh Ambani, Kumar Mangalam Birla, Anand Mahindra, Gautam Adani, G V Sanjay Reddy (GVK), Ajay Piramal and Y C Deveshwar (ITC).