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Last updated: 18 Dec, 2018  

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SME Times News Bureau | 18 Dec, 2018

The government on Monday claimed that the 'Make in India' initiative has accomplished major achievements since its launch in 2014.

In an official release, the Centre said under the 'Make in India', six industrial corridors are being developed across various regions of the country. Industrial cities will also come up along these corridors.

Additionally, India has become a net exporter of electricity - 7203 MU exported to Nepal, Bangladesh and Myanmar during 2017-18, it said.

Under the flagship scheme, one of the world’s largest 648-MW solar power plant in Tamil Nadu was commissioned on September 21, 2016.

Two path breaking prototype locomotives of WAGC3 & WAG11 class of 10,000 and 12,000 hp respectively were developed indigenously by converting existing diesel locomotive to upgraded electric locomotive, the release said.

Similarly, Asia's largest MedTech Zone (AMTZ) has been set up in Andhra Pradesh.

The 'Make in India' initiative was launched in 2014 with the objective of promoting India as an important investment destination and a global hub in manufacturing, design and innovation.

This initiative aims to create a conducive environment for investment, development of modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between Government and industry through a positive mind set.

Initially under Make in India initiative action plans for 25 sectors had been prepared and which after review is now focused on 27 sectors.

Department of Industrial Policy & Promotion coordinates action plans for 15 manufacturing sectors while Department of Commerce coordinates 12 service sectors.

 
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