Make in India Week in Mumbai from Feb 13

The government will organise a Make in India Week 2016 in Mumbai from February 13 to give further momentum to this initiative, a top official said on Thursday.

The initiative has seen the country trump the US and China by attracting foreign direct investment worth $31 billion in the first half of this year.

Amitabh Kant, secretary in the Department of Industrial Policy and Promotion (DIPP) said the event, aimed at promoting India as a big investment destination and increasing its share in global foreign investment, would be inaugurated by Prime Minister Narendra Modi.

In the first half of 2015, while China attracted overseas capital of $28 billion, for the US the figure was $27 billion, Kant said.

“Make in India Week will be the biggest such promotional effort so far in India. Over a thousand companies are expected to showcase their achievements, while 70 countries will be participating,” he said, adding that the theme of the event, to be held at the Bandra-Kurla Complex, would be “Innovation, Design and Sustainability”.

Wefornews Bureau

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