What New Initiatives Did Piyush Goyal Unveil to Enhance the 'Make in India' Scheme?
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Synopsis
On a significant milestone for the 'Make in India' scheme, Union Commerce Minister Piyush Goyal announced innovative initiatives aimed at enhancing India's manufacturing landscape. From a commemorative coin to advanced logistics systems, these reforms underscore India's commitment to becoming a leading global manufacturing hub.
Key Takeaways
- Piyush Goyal launched transformative initiatives for the 'Make in India' scheme.
- Introduction of a commemorative coin celebrating ten years of the initiative.
- Initiatives aim to improve logistics and manufacturing sectors.
- Partnership with Asian Development Bank for Integrated Logistics Plans.
- Release of the Guidebook on HSN Codes for better trade negotiations.
New Delhi, Sep 20 (NationPress) Union Commerce Minister Piyush Goyal on Saturday introduced an array of transformative initiatives designed to bolster the 'Make in India' scheme, coinciding with the celebration of a decade of this flagship program that has significantly contributed to India's journey toward self-reliance.
The minister launched a 'Make in India' commemorative coin to celebrate ten years of the initiative.
In the past decade, this initiative has attracted investments, fostered innovation, constructed world-class infrastructure, and established India as a global center for manufacturing, design, and innovation.
Goyal also introduced key initiatives developed by the Department for Promotion of Industry and Internal Trade (DPIIT), aimed at improving operational efficiency and creating a future-ready, globally competitive logistics ecosystem in the nation.
The minister emphasized that the government has initiated Integrated State and City Logistics Plans under the SMILE program in partnership with the Asian Development Bank (ADB), starting with eight cities across eight states.
These initiatives, backed by DPIIT, demonstrate the government’s commitment to modernizing logistics infrastructure and enhancing supply chains throughout India.
He also released the Guidebook on Mapping of Harmonised System of Nomenclature (HSN) Codes, created by DPIIT.
This Guidebook allocates 12,167 HSN Codes across 31 Ministries and Departments, facilitating targeted policymaking and aiding effective trade negotiations.
Additionally, the Industry and Commerce Minister launched the Logistics Ease Across Different States (LEADS) 2025.
LEADS 2025 marks a crucial milestone in assessing logistics performance across States and Union Territories, aligning with India’s vision for a globally competitive and future-ready logistics ecosystem.
He also unveiled Logistics Data Bank (LDB) 2.0, advancing India's path to a digitally empowered, investment-ready, and export-competitive economy.
According to the minister, LDB 2.0 will offer vital insights into the availability of facilities and infrastructure across the logistics ecosystem.
Furthermore, the minister introduced the Industrial Park Rating System (IPRS) 3.0, developed by DPIIT with assistance from the Asian Development Bank, aimed at reinforcing India’s industrial ecosystem and boosting the competitiveness of industrial infrastructure.
Point of View
I believe these initiatives from Piyush Goyal are a testament to the government's unwavering commitment to fostering a self-reliant economy. By enhancing logistics and infrastructure, it ensures that India not only remains competitive but also attractive for global investments, paving the way for sustainable industrial growth.
NationPress
20/09/2025
Frequently Asked Questions
What is the 'Make in India' scheme?
The 'Make in India' scheme is an initiative launched by the Indian government aimed at encouraging companies to manufacture their products in India, thereby enhancing the country's manufacturing capabilities.
What new initiatives were announced by Piyush Goyal?
Piyush Goyal introduced several initiatives, including a commemorative coin, the Logistics Ease Across Different States (LEADS) 2025, and the Logistics Data Bank (LDB) 2.0, all aimed at boosting India's manufacturing and logistics sectors.
How does the LEADS 2025 project benefit India?
LEADS 2025 helps benchmark logistics performance across various states, which can improve operational efficiencies and attract investments in the logistics sector.
What role does the Asian Development Bank play in these initiatives?
The Asian Development Bank collaborates with the Indian government on various projects, including the SMILE program, to enhance infrastructure and logistics planning.
What is the significance of the new HSN Code Guidebook?
The HSN Code Guidebook facilitates targeted policymaking and effective trade negotiations by assigning specific codes to various products, streamlining trade processes.
