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OEM Update

Make In India Week concludes on a high note

March 29, 2016 5:31 pm

Secured investment commitments worth Rs 15.2 lakh crore besides generating investment enquiries worth ` 1.5 lakh crore
Make in India Week – in numbers
• $ 227 bn investment commitments• Over 2,000 MoUs worth ` 7,94,0000 crore signed in Maharashtra• Odisha receives investment worth ` 7,000 crore• 9,000-plus Indian companies• 4,000-plus International delegates • 1,000 CEOs and CXOs• 8,90,000 visitors • 6 days, 150 events• 2.5 mn sq ft, 27 halls • 17 state + UT pavilions • 11 sectors, 3 country pavilions • 215 exhibitors
India’s biggest manufacturing promotional event till date – the Make in India Week – concluded on a high note with an investment commitments worth `.15.2 lakh crore across various Indian states. It also received investment enquiries worth ` 1.5 lakh crore.
“Make in India Week in Mumbai has been phenomenal hit. It has successfully brought manufacturing, design and innovation to the centre-stage,” said Amitabh Kant, Secretary, Department of Industrial Policy and Promotion.
Maharashtra, which hosted the Make in India week, has bagged more than half this investment commitment having signed 2,594 memoranda of understanding (MoUs) worth over ` 8 trillion.
Commenting on the inaugural function Prime Minister Narendra Modi said, “Make in India is a drive to fulfil unmet demands of the common man. It is also an effort to engage and empower the unemployed.”
The PM also emphasised on ‘Make for India’; so that human and sectoral needs can be fulfilled. He said, “I have heard several global companies talk about their localisation plans. Thus, this campaign has the capacity to boost the Indian economy and also brighten the global scenario.”
Key takeaways of MIIW• Sterlite Group company TwinStar Display Technologies and MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan• BAE Systems and Mahindra for assembling and testing of M777 Howitzers• ORACLE’s $ 400 million investment in India to set up 9 incubation canter• Trivitron healthcare manufacturing unit in Chennai• Gujarat government and Vestas (Denmark) for wind mill blades manufacturing unit at Ahmedabad• Raymond Industries to invest ` 1,400 crore for manufacturing linen yarn and fabric facility• Mahindra & Mahindra: Investment – Rs 8,000 crore (Nashik: ` 6,500 crore, Chakan: ` 1,500 crore)• Gujarat government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in Gujarat• Tar Kovacs and Karnataka government for setting up ocean based renewable energy project• Yes Bank and IREDA for financing of renewable power projects• Ascendas announced investment of ` 4,571 crore; employment of 1.09 Lakh• Mercedes announced investment worth ` 1,500 crore; to generate 4,270 employment• Rashtriya Chemicals and Fertilizers promised ` 6,204 crore investment• Godrej Industries to invest ` 3,000 crore• JSW Jaigarh Port Ltd announced investment ` 6,000 crore• Government of Jharkhand and Vedanta Ltd• Government of Jharkhand and Adani group to set up a thermal power plant with a total capacity of 1,600 MW to be supplied to Bangladesh Grid• Agreement between Government of Jharkhand and Adani Group to set up a Coal-based methane fertiliser plant• Uber and Skill Development and Entrepreneurship Department (SDED) of the Maharashtra government• Solar Industries and Government of Maharashtra to set up a Nagpur plant for manufacturing of ammunition for armed forces.

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