NEW DELHI: PM Narendra Modi’s “Make in India” Campaign has completed around 20 months. The government has started reviewing the impact of the programme and now they are looking forward to even pull out some of the elements.
"We have suggested to ministries that the programme can be reviewed and new elements brought in where there are good recommendations from the industry," industrial policy and promotion secretary Ramesh Abhishek said.
Through this campaign, the government is trying to promote various sectors such as automobiles, auto parts, defence, leather, pharma and textiles.
A review has been already finished for 20 sectors including food processing, railways, IT and tourism.
Abhishek said, “The review has shown that over $1 billion has flowed into the food processing sector through FDI apart from large investment by Indian companies. The FDI list includes ne arly 40 companies such as Mondalez, Kellogg's and Mars. In addition, 32 lakh tonne capacity had been added to cold chains with investment estimated at around Rs 9,00 crore, which is capable of reducing wastage by around 10% annually.”
Food processing secretary A K Srivastava said, “The government is taking more steps to boost investment in the sector. He said around 100 new cold chain projects are planned, while six more mega food parks were on the anvil. "To promote foreign investment, we have said we will give two or three extra marks to the marking scheme if you bring in foreign equity of 26%," Srivastava said.