Goyal marks 12 years of Make in India going global
Synopsis
Key Takeaways
Twelve years after Prime Minister Narendra Modi launched one of independent India's most ambitious industrial bets, Union Commerce and Industry Minister Piyush Goyal marked the anniversary on Friday, 25 September 2026 with a pointed declaration: the programme is no longer just building for India — it is delivering for the world.
From a 2014 wager to a global supply-chain fact
Make in India was unveiled on 25 September 2014 — exactly twelve years ago today — as an explicit challenge to the assumption that global manufacturing would forever concentrate in a single geography. The pitch was straightforward: open Indian factories to foreign capital, slash regulatory friction, and let the country's scale do the rest. What began as an aspiration is now, in the government's telling, a shipping reality.
Minister Goyal's post, short and flags-forward, carries the hashtag #12YearsOfMakeInIndia. The brevity is deliberate. After a decade of contested data and incremental milestones, the anniversary message leans on momentum rather than numbers — a confident assertion that the direction of travel has been settled.
Why this anniversary lands differently
The global context matters. Supply-chain diversification — the push by multinational firms to reduce single-country dependence — has handed India a structural opening that no amount of domestic policy alone could have manufactured. Electronics, pharmaceuticals, defence components, and textiles have all seen fresh investment flows routed toward Indian production floors.
The Production Linked Incentive (PLI) scheme, layered atop Make in India's foundational framework, brought sector-specific cash-back incentives that gave multinationals a hard financial reason — not just a geopolitical one — to set up in India. The result is a manufacturing ecosystem that, while still short of its stated target of raising manufacturing's share of GDP to 25 per cent, is visibly more integrated into global value chains than it was in 2014.
What Goyal's Commerce Ministry watches next
The ministry's near-term lens is on two data points: fresh FDI inflow figures and any expansion of PLI eligibility to new sectors. Both will test whether the 'delivering worldwide' claim converts into measurable export volumes. Trade-watchers will also track India's performance in bilateral and multilateral trade negotiations, where a stronger manufacturing base gives New Delhi more leverage than it had when the scheme was a promise rather than a programme.
Twelve years in, Make in India is no longer the opening act — it is the argument India makes at every investment roadshow on earth. Whether the next twelve years close the gap with the world's established factory floors is the question the anniversary quietly poses.