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Make in India Turns 12: Shah Highlights Record Defence Output, Chip Push, and Massive Capex
M
Moneycontrol•25-09-2026, 13:46
Make in India Turns 12: Shah Highlights Record Defence Output, Chip Push, and Massive Capex
- •Union Home Minister Amit Shah marked 12 years of the Make in India program, emphasizing its role in India's economic rise from the "fragile five" to one of the top five largest economies.
- •Shah highlighted significant growth in semiconductor manufacturing with 12 projects across six states and investment commitments exceeding Rs 1.64 lakh crore.
- •Domestic defence production reached a record Rs 1.78 lakh crore in FY26, nearly four times the FY15 figure, with defence exports soaring over 56 times from FY14 to FY26.
- •The Centre's capital expenditure program for FY27 is set at Rs 12.22 lakh crore, equivalent to 3.1 percent of GDP, fueling India's manufacturing push.
- •Uttar Pradesh is emerging as a key manufacturing hub, benefiting from the defence industrial corridor, BrahMos facility, and infrastructure projects like Noida International Airport, contributing to its $1-trillion economy target.
Key Questions Answered
Union Home Minister Amit Shah marked the 12th anniversary of the Make in India programme, which was originally launched by Prime Minister Narendra Modi on September 25, 2014.
The Union Budget for FY27 provided Rs 12.22 lakh crore for capital expenditure, which is equivalent to 3.1 percent of the country's GDP.
According to Defence Ministry data, domestic defence production reached a record Rs 1.78 lakh crore in FY26, while defence exports surged from Rs 686 crore in FY14 to Rs 38,424 crore.
