Lok Sabha Question No. 1617 (UNSTARRED), answered on 2020-09-21
Subject: Financial Assistance under ‘Make in India’ Scheme
Ministry: COMMERCE AND INDUSTRY
Asked by: Diya Kumari

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

## UNSTARRED QUESTION NO. 1617.

TO BE ANSWERED ON MONDAY, THE 21 ST   SEPTEMBER, 2020.

## FINANCIAL ASSISTANCE UNDER 'MAKE IN INDIA' SCHEME

## 1617.  MS. DIYA KUMARI:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) whether the Government provides financial assistance to organizations under 'Make in India' Scheme;
- (b) if so, the details thereof;
- (c) whether any financial benefits are given by the Government to manufacturing units under the Make in India scheme; and
- (d) if so, the details thereof?

## ANSWER वाणिज्य  एवं उद्योग मंत्री (श्री पीयूष गोयल) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a)  to (d): Make in India initiative was launched on September 25, 2014 with the objective of facilitating investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development.  The initiative is further aimed at creating a conducive environment for investment, modern and efficient infrastructure,  opening  up  new  sectors  for  foreign  investment  and forging a partnership between  government  and  industry through positive mindset.

Make  in India initiative has made  significant achievements  and presently focuses on 27 sectors under Make in India 2.0. Department for  Promotion  of  Industry  and  Internal  Trade  is  coordinating  action plans for 15 manufacturing sectors, while Department of Commerce is coordinating 12 service sectors.

The Government of India is making continuous efforts under Investment Facilitation for implementation of Make in India action plans to  identify  potential  investors.  Support  is  being  provided  to  Indian Missions abroad and State Governments  for organising events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner. Investment operation  for  promoting  FDI  and  improve  Ease  of  Doing  Business  in

Outreach activities are being carried out for enhancing International cothe country. India  has  registered  its  highest  ever  annual  FDI  Inflow  of  US  $74.39 billion  (provisional  figure)  during  the  last  financial  year  2019-20  as compared to US $ 45.15 billion in 2014-2015. In the last six financial years (2014-20), India has received FDI inflow worth US$ 358.30 billion which  is  53  percent  of  the  FDI  reported  in  the  last  20  years  (US$ 681.87 billion). Steps taken to improve Ease of Doing Business include simplification and rationalisation of existing processes. As a result of the measures taken to improve the country's investment climate, India jumped to 63 rd place in World Bank's Ease of Doing Business ranking as per World Bank's Doing Business Report (DBR) 2020. This is driven by reforms in the  areas  of  Starting  a  Business,  Paying  Taxes,  Trading  Across Borders, and Resolving Insolvency. There is no provision for providing financial assistance to the organizations  and  manufacturing  units  under  the  'Make  in  India' initiative.

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