PRIME Minister Narendra Modi inaugurates the ‘Make in India’ week in Mumbai at MMRDA ground in Bandra Kurla Complex on Saturday. The event will provide a huge opportunity for the nation to exhibit its “manufacturing prowess” and attract billions of dollars in investments from domestic and global majors. Over 2,500 international and 8,000 domestic companies will be participating in the week-long multi-sectoral industrial event, which will be attended by foreign government delegations from 68 countries and business teams from 72 nations.
Make in India’ week is a jointly organised event by the Centre and Maharashtra government. The event aims at showcasing India’s accomplishments in manufacturing and position India as investment, innovation and manufacturing hub.
Here are 10 things that you need to know about the week-long series of events:
1. PM Modi has inaugurated the ‘Make in India’ Centre at the Bandra Kurla complex in Mumbai. He had tweeted on Friday evening.
2. Make in India is the Modi government’s flagship initiative, launched by Modi last year in September, to encourage international companies to manufacture their goods in India.
3. After the initiative was launched last year, India surpassed China and the US as the top destination for Foreign Direct Investment.
4. The Prime Minister began his Mumbai visit by inaugurating a new building of the Bombay Art Society. “The A in Art stands for Ageless, R is Race, Region or Religion less and T is Timeless,” PM Modi said at the inauguration.
5. Modi walked through the Centre showcasing various national and international pavilions, accompanied by the Prime Minister of Sweden Stefen Lofvan and Juha Sipila, the Finish prime minister, and other senior dignitaries from India and abroad.
6. He will formally launch the ‘Make in India’ week at an event later at Worli. There, he will address a gathering of senior leaders and captains of industry from both India and abroad.
7. The Make in India week, in the Prime Minister’s own words, “celebrates the achievements of the manufacturing sector and offers insights into the investment opportunities in India.”
8. The Prime Minister is expected to hold bilateral meetings with senior foreign leaders from different countries during the week.
9. ‘Make in India’ Week aims at promoting India as the preferred manufacturing destination, globally. Over the course of a week, it will offer access and opportunities to connect with Indian and global industry leaders and central and state governments.
10. Awards for “Best Manufacturer”, “Best Innovator”, and “Best Young Creator” will be given out at the event.