As per reports, the initiative aims at promoting India as an important investment destination and a global hub for manufacturing, design and innovation.
Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, “FDI inflow has increased 29 per cent during October 2014 to December 2015 (15 months after ‘Make in India’) compared to the 15 months period prior to the launch of this initiative.”
“During April-January 2016, the government has received 424 FDI proposals. Out these, 285 proposals have been disposed of,” he added.
The Minister further added that foreign investment in business to customer (B2C) e-commerce activities had been “opened in a calibrated manner” and entity was permitted to undertake retail trading through e-commerce under certain circumstances.