When the Department of Industrial Policy and Promotion (DIPP) announced that various companies had committed to investments worth ₹15.20 lakh crore during the Make in India week held in Mumbai in February, many thought that Prime Minister Narendra Modi’s vision to turn the country into a manufacturing hub was finally taking shape. But five months later, the DIPP is clueless about these investments.

In response to an RTI query filed by BusinessLine seeking details of the companies which have committed the investments, the DIPP said it does not have them. “This information is not available with DIPP and pertains to the respective State Governments,” the DIPP said.

BusinessLine had sought a list of companies and the amount of investments committed. Some of the companies had publicly declared their intention to invest in India even before the event.

Addressing the media in February, Amitabh Kant, the then Secretary of the DIPP, had said the event attracted 8.90 lakh visitors and 215 exhibitors. When reporters sought to know the break-up of the ₹15.20-lakh crore investments, Kant said the figures will be soon uploaded on the Make in India website.    

The DIPP along with Government of Maharashtra had set up a massive exhibition-cum-convention centre showcasing manufacturing capabilities in the country. It was projected as a platform for global CEOs, policymakers, and political leaders to converge. Prime Minister Modi and 20 other ministers had attended the programme.

Thousands of CEOs from all over the world had also come for it.

According to Chandrakant Salunkhe, President of SME Chamber of India, all commitments and memoranda of understanding announced during the Make in India week remains only on paper.

Related Topics
comment COMMENT NOW