'Make in India' meet's focus should be on investments: state

'Make in India' meet's focus should be on investments: state

'Make in India' meet's focus should be on investments: state
The state government has urged the Centre to make arrangements to ensure that the ‘Make in India’ conference it is proposing to hold in Bengaluru in February is investment-driven. The conference is being organised by the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry. The state government, which will be co-hosting the event, is keen that the two-day conference, scheduled to begin on February 13, is investment oriented. The event will be held at Hotel Lalith Ashok.

“We don’t want the event to be a roadshow wherein memoranda of understanding are signed and nothing progresses further. At a recent meeting with DIPP officials, we told them that there should be some concrete outcome from the event,” IT-BT Minister Priyank Kharge, who attended the meeting said. Launched in 2014, Make in India is an initiative of the Centre to encourage multinational as well as national companies to manufacture their products in India.

Kharge said the state has the ecosystem to attract investment and needs to be tapped. “For instance, 2,387 entrepreneurs have registered with our startup cell, while the number of registrations with Startup India has not even crossed 1,000,” he said.

According to an official source, the conference will have G2B (government-to-business) and B2B (business-to-business) activities in several sectors, including aerospace and defence, biotech and pharmaceuticals, precision tools and heavy engineering, electronics, hardware and electricals, manufacturing and startups, automobiles and autocomponents.