The Make in India week, organized by the Department of Industrial Policies and Promotion and the western state of Maharashtra created avenues for showcasing, connecting and collaborating for manufacturing in India. The response from corporate investors from domestic and international markets was significant , and 2,094 memorandums of understanding were signed during the week between various industry players and state governments. The govrnement claims new commitments of over $250 billion from local and global industries, reports Business World.
Key investments announced included
- An MoU between Sterlite Group company’s TwinStar Display Technologies and Maharashtra Industrial Development Corporation for an LCD manufacturing unit in technical collaboration with Autron of Taiwan
- BAE Systems a Briritsh defense vendor and India ‘s Mahindra & Mahindra for assembling and testing of M777 Howitzers
- Gujarat Government and Vestas of Denmark to manufacture wind turbine blades at Ahmedabad, in Gujarat
- Gujarat Government and Tar Kovacs Systems of France for an offshore platform to develop marine applications in the state
Indian companies annoucements spanned
- Mahindra and Mahindra’s $1.5 billion expansion plan
- Raymond Industries’ $225 million for manufacturing linen yarn and fabric facility
- JSW Steel’s investment into $1 billion Jaigarh Port Ltd.,
