In India, ‘Make in India’ and PLI (Production Linked Incentives) programs for various sectors are attracting foreign investors to set up industries here. This is what industry body CII (Confederation of Indian Industry, India’s main industrial association) has said.
Let us tell you that in a letter written to Commerce and Industry Minister Piyush Goyal on November 5, CII Director General Chandrajit Banerjee said that the investment made by the government in infrastructure like roads, railways and ports will help that the national industry is competitive. . It has been.
According to CII, the letter said that the policy change in India comes at a time when global geopolitical circumstances have turned in India’s favor and many global companies are planning to diversify their geographical bases.
According to CII, the letter also said that “FDI (foreign direct investment) inflows have increased from $45.14 billion in 2014-15 to $70.95 billion in 2023-24. Which shows the growing interest of investors in India. Furthermore, PLI programs have attracted huge investments.
CII also noted that India’s manufacturing capabilities are growing rapidly in sectors such as automotive, electronics, machinery, chemicals, shipping, railways and others.
“You (the minister) have brilliantly addressed each and every component of the ‘Make in India’ initiative, be it ease of doing business, logistics and connectivity, investment promotion or external engagement,” it said the letter. , innovative policies and excellent implementation.”
