‘Make in India’ initiative was launched globally in September 2014 as a part of India’s renewed focus on manufacturing. The objective of the initiative is to promote India as the most preferred global manufacturing destination

The Make in India initiative aims to make India an integral part of the global supply chain. It is about making Indian companies excel in a globalized workspace. India has vigorously opened up its economy – Defence, Railways, Construction, Insurance, Pension Funds, Medical Devices have all been rapidly opened up for Foreign Direct Investment. India today is one of the most open economies of the world, the release added.