Taking a cue from the biennial investor congregation — Vibrant Gujarat Summit — held every alternate year in Gujarat, the Center is organizing “Make in India Week” in Mumbai during February 13-18.
The week-long event, being organised by the Department of Industrial Policy and Promotion (DIPP), Union Ministry of Commerce and Industry, will have investors meet for the manufacturing sector under ‘Make in India’.
Following the initiative of the Prime Minister Narendra Modi to encourage investments in the manufacturing sector, the Center will conduct the ‘Make in India Week’ on the lines of three-day Vibrant Gujarat Summit. The event will be inaugurated by Modi on February 13.
The meet will also discuss issues related to SMEs and start-ups. “We have interacted with entrepreneurs and they have raised valid issues faced by them. These include infrastructure, tax-related problems and demand to reduce compliance burden for small industries. They have given suggestions on how to resolve these issues,” said Amitabh Kant, Secretary, DIPP.
He stated that the ‘Make in India’ initiative is aimed at increasing the share of manufacturing sector in the GDP from the current 15-16 per cent to 25 per cent by 2022. “This is a flagship event for forging global engagement with Indian industry in the form of partnerships and investments.” According to Kant, flow of foreign direct investment (FDI) has jumped by 35 per cent in past few months.
Source: Business Line
