Make in India 2.0 is an enhanced iteration of the original Make in India initiative launched by the Indian government to transform India into a global manufacturing hub. This version aims to capitalize on the progress made since the original program’s inception in 2014, focusing on key sectors and reforms to boost manufacturing and attract foreign direct investment (FDI). Key elements include sector-specific strategies, simplifying regulations, and enhancing infrastructure to make India more business-friendly.
The initiative emphasizes 27 sectors, divided into two categories: 15 for manufacturing and 12 for services. This includes new sectors such as robotics, genomics, and electric vehicles. Additionally, Make in India 2.0 promotes the development of industrial corridors, improving logistics, and leveraging technology for efficient operations.
In essence, Make in India 2.0 strives to create a conducive environment for investment, foster innovation, build best-in-class manufacturing infrastructure, and position India as a preferred global manufacturing destination【24:0†source】.
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