The 'Make in India' week kicks off on Saturday with Prime Minister Narendra Modi inaugurating the event at MMRDA Grounds, Bandra-Kurla Complex. It will be followed by the formal launch at NSCI, Worli.
The 'Make in India' Week kicks off on Saturday with Prime Minister Narendra Modi first inaugurating the event at MMRDA Grounds, Bandra-Kurla Complex. It will be followed by a formal launch of the event at NSCI in Worli. The event will showcase India's potential in the manufacturing sector and woo foreign investors.
The event will offer foreign investors unprecedented access and opportunities to connect and collaborate with young Indian entrepreneurs, industry leaders, academicians and government officials.
Also read: PM Modi to inaugurate 'Make in India' week in Mumbai on Saturday, top investors to attend
Delegates and investors attending
The week-long event will attract over 2,500 international firms and 8,000 domestic companies will be participating. The event will be attended by foreign government delegations from 68 countries and business teams from 72 nations.
Also read: Make in India' week: Over 2,500 bilateral meetings with over 60 foreign nations in Mumbai
The Prime Ministers of Sweden, Finland and Lithuania, and the Deputy Premier of Poland will be among the foreign delegates from a number of countries who will be in attendance.
As many as 30 government and business leaders from Australia will be participating in the 'Make in India Week'.
Also read: Make in India Week: Govt, business leaders from Australia to take part in the event
Indian industry leaders like Tata Group Chairman Emeritus Ratan Tata, Tata Group Chairman Cyrus Mistry, Reliance Industries' Mukesh Ambani, Piramal Group's Ajay Piramal, Birla Group's Kumar Mangalam Birla, Mahindra & Mahindra's Anand Mahindra and Adani Group's Gautam Adani will be a part of the event.
As many as 17 states, mostly BJP-ruled ones, will be participating and there will be 52 seminars, which will be attended by top executives of leading firms, both domestic and global.
Gujarat, Madhya Pradesh, Haryana, Odisha and Punjab will have dedicated state-centric sessions.
"It's for the first time that around 3,000 bilateral meetings -- business to government and business to business -- will be held during these seven days," Amitabh Kant said.
Piramal Group Chairman Ajay Piramal said this 'one-of- a-kind' event will showcase India's talent to innovate and deliver high-quality investments in real estate, financial services, infrastructure and pharmaceuticals.
Investment expected
Maharashtra expects an investment of Rs 4.6 lakh crore across sectors like ports, industries and textiles during the 'Make In India' week starting February 13.
The state government will set up a separate pavilion to showcase 'Magnetic Maharashtra', where meetings will be held with investors.
A solar panel manufacturer from China is likely to make a big investment in the state, an official from Chief Minister of Maharashtra's office said.
"The name of the company would be known after the memorandum of understanding (MoU) is signed. The company has asked us for 3,000-5,000 acres of land for its solar panel manufacturing unit. This will be the largest project of such a type in Maharashtra," the official added.
According to Chief Secretary Swadheen Kshatriya, some foreign universities are also keen on tying up with Maharashtra in the education sector. He said Maharashtra expects huge investment in sectors like automobile, electronics, ports, and textile.
The state government expects investments in textile sector as many foreign and domestic companies are ready to invest in Maharashtra, Kshatriya said.
Preparations for 'Make in India'
The government has pulled out all the stops for the event, even setting aside Rs 80 crore for the jamboree.
The Maharashtra state government is keenly eyeing the participation of over 68 foreign nations in the six-day-long programme in the city starting from February 13 to 18.
Also read: Maharashtra readies for Make in India Week with 5 biz-friendly policies
The Commerce and Industry Ministry plans to "give away" 7,000 brass paperweight lions during the 'Make in India Week' in Mumbai, starting from February 13.
The state government is set to unveil five policies towards ensuring ease of doing business in Maharashtra during the Make in India Week in city. The event has been organised with the aim to promote India as the most favoured destination for investment in the manufacturing sector.
The state government will unveil the retail policy, electronic policy, single-window clearance initiative, port policy and a first-of-its-kind initiative for SC/ST businessmen and investors.
Hotel operators to benefit from week-long event
Most hotels in north Mumbai, spread across the suburbs of Bandra, Santacruz, Juhu and Andheri, have either run out of room availability or hiked up rates three to four times their normal rates to cash in on the booming demand during the week, which begins with the otherwise busy Valentine's Day.
A look at the best available room rates compiled by dna from hotels operated by Taj, Oberoi, ITC, Marriott, Hyatt and Accor, among others, clearly shows a sudden spike in rates ranging between 40% to 375% (depending on the location and date).
Industries to benefit
Make in India week will help give a much-needed push to Indian exports, Commerce and Industry minister Nirmala Sitharaman said while answering a question from dna.
Also read: Make in India will give much-needed push to Indian exports: Nirmala Sitharaman
"Key opportunities in sectors like auto, defence and aerospace, food processing, chemicals and petrochemicals, electronics and information technology, pharmaceuticals, textiles, industrial equipment manufacturing, construction equipment, and infrastructure will be showcased through seminars and discussions among major stakeholders," External Affairs Ministry spokesperson Vikas Swarup Swarup said.
Also read: PM Modi to woo foreign investors at 'Make-in-India Week' in Mumbai
Politics of Make-in-India
Shiv Sena president Uddhav Thackeray has not been invited to any of the 'Make in India' week events to be held.
When asked on Thackeray's absence from the dinner, a senior Shiv Sena leader requesting anonymity said, "Uddhavji has not been invited for the dinner. Times have changed."
Taking a jibe at the Modi government, former minister and Congress leader Shashi Tharoor has said policies like 'Make in India' and hatred cannot go together as he asserted that "outrageous" statements against minorities by ruling party members only undermine the country's soft power.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Prime Minister Narendra Modi")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}