MAKE IN INDIA

Invest India @G20

The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. India will hold the Presidency of the G20 from 1 December 2022 to 30 November 2023. The theme of India’s G20 Presidency –“VasudhaivaKutumbakam” or “One Earth, One Family, One Future” – is drawn from the ancient Sanskrit text of the Maha Upanishad. Essentially, the theme affirms the value of all life – human, animal, plant, and microorganisms – and their interconnectedness on the planet Earth and in the wider universe.

Why Invest in India?

One of the world's fastestgrowing economies

• India attracted the highest ever FDI inflow of $83.57 bn during financial year 2021-22

Source: Department of Promotion of Industry and Internal Trade, Govt. of India

• Hon'ble PM Shri Narendra Modi announced a special economic and comprehensive package of more than $270 bn - equivalent to 10% of India’s GDP, under the Atmanirbhar Bharat Abhiyan (Self-reliant India).

Source: Prime Minister's Office, Ministry of Finance

• India’s economy is projected to grow at 6.7% in 2022, the fastest in the world during the year

Source: United Nations Conference on Trade and

Development (UNCTAD) Trade and Development Report 2021

• India’s real GDP is projected to grow at 9% in both 2021-22 and 2022-23 and at 7.1% in 2023-24. This projects India as the fastest growing major economy in the world in all these three years.

• Source: Ministry of Finance

Atmanirbhar Niveshak Mitra, a dedicated digital investment promotion and facilitation cell, has been constituted at Invest India to aid domestic investors and help the local businesses become global brands. The cell aims to

• Connect domestic investors with sector experts

• Provide robust information regarding the doing business ecosystem

• Support MSMEs & investors

throughout their business journey

Atmanirbhar Niveshak Mitra, through its mission of handholding domestic investors, will propel the country towards realizing Hon’ble PM Narendra Modi’s vision of building a selfreliant New India

Atmanirbhar Bharat Abhiyaan or Self-reliant India campaign is the vision of new India envisaged by the Hon'ble Prime Minister Shri Narendra Modi. On 12 May 2020, our PM raised a clarion call to the nation giving a kick start to the Atmanirbhar Bharat Abhiyaan (Self-reliant India campaign) and announced the Special economic and comprehensive package of INR 20 lakh crores - equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India.

The aim is to make the country and its citizens independent and self-reliant in all senses. He further outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.

Finance Minister further announces Government Reforms and Enablers across Seven Sectors under Aatmanirbhar Bharat Abhiyaan.

The government took several bold reforms such as Supply Chain Reforms for Agriculture, Rational Tax Systems, Simple & Clear Laws, Capable Human Resource and Strong Financial System.

Promenade 68: India Lounge

The World Economic Forum Annual meeting has long brought together the world’s top politicians, business, academic, youth and civil society leaders to engage in addressing the most pressing issues on the global, regional and industry agendas.

In celebration of India’s ‘Azadi ka Amrit Mahotsav’, 75 years of Independence and the assumption of our G20 Presidency, DPIIT has strengthened India’s presence at this year’s WEF in Davos for all global investors looking to make a home in India, one of the world’s most liberal investment destinations. The objective is to showcase a consolidated India presence with the Centre & States while projecting India as a strong, resilient economy, acting as a problem solver at the global stage. Robust structural reforms have strengthened India’s macro-economic stability and made the country an attractive global investment destination. The Government of India has undertaken multiple policy interventions over the last few years to fast-track grounding of foreign investments across sectors. As a result of these efforts, India witnessed the highest ever inflow of Foreign Direct Investment worth $83.57 Bn during 2021-2022. This FDI came into 57 sectors, from 101 countries and across 30 states and UTs.

Real GDP Growth across FY21-22 was an unprecedented 8.7% and absolute GDP value in FY2122 reached $3.1 Tn and recent estimates point towards a $5 Tn economy by 2025.

Despite global headwinds, India’s aggregate demand conditions have remained stable buoyed by simplified access to bank credit as well as continued consumer and business confidence lending credence to India’s economic resilience.

A high-level delegation from the Indian side coupled with senior State Government representation will be present at WEF 2023 to strengthen India's position as an important stakeholder shaping the global narrative.

This year also marks 36 years of the Forum’s collaboration with India. The WEF Annual Meeting, with the theme of “Cooperation in a Fragmented World”, would provide a platform for leaders from across the strata to address the state of the world and discuss priorities for the year ahead while engaging in constructive, forward-looking dialogues and help find solutions through public-private cooperation.

Over the course of 5 days, Invest India has organized several roundtables, panel discussions and fireside chats to deliberate on policy action and investment support in renewable energy, sustainability, infrastructure, healthcare and medical devices, startups, trade and logistics, technology, institutional investments, and so on. The agenda for the same is listed below.

‘Make in India’ TV shipments grow 33% to reach 5 mn units

New Delhi, Jan 10 (IANS) The India TV market grew exponentially in the festive season last year and 'Make in India' TV shipments grew 33 per cent (on-quarter) in the July-September period to reach 5 million units, a report showed on Tuesday.

Dixon led the 'Make in India' TV shipments, followed by Radiant. In the electronic wearables category, the true wireless stereo (TWS) segment led in terms of local manufacturing with almost 37 per cent of its shipments being manufactured in the country, according to Counterpoint Research.

Bharat FIH led the 'Make in India' TWS shipments, followed by Padget, while Optiemus led the locally manufactured smartwatch shipments.

"The top five manufacturers contributed to more than 55 per cent of the locally manufactured TV shipments in Q3 2022. Local manufacturing continues to stay robust for segments like smartwatches, TWS, tablets and neckbands too," said senior research analyst Prachir Singh.

Bharat FIH, Padget, Avishkaran and Optiemus were the top four brands and cumulatively contributed to almost 90 per cent of the locally manufactured TWS shipments.

More and more efforts are being made to make the country a significant player in the global value chain.