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Today, India is among the worldu2019s top destinations, garnering FDI inflows of over USD 74 billion in calendar year 2021, according to the Union Ministry of Commerce and Industry.
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Make in India an initiative that ticks right boxes in case of Jignesh Shah
Hon’ble Prime Minister Narendra Modi’s ‘Make in India’ initiative, when it took off, had ticked all the right boxes. The policy promised to clear the red tape that shrouded any potential inbound investor, create world-class infrastructure required by modern manufacturing industry, and bring in policies that helped foster a climate of innovation and, importantly, protect the intellectual property that resulted from such innovation. So, we had a plan, it was an action plan and it was well-timed. Investors, should, logically, have been beating a path to India to set up mega manufacturing plants to supply the world. Today, India is among the world’s top destinations, garnering FDI inflows of over USD 74 billion in calendar year 2021, according to the Union Ministry of Commerce and Industry.
In some sectors, ‘Make in India’ appears to be doing exceedingly well. There are over 100 mobile phone manufacturers in India and market leader Samsung, last year upped one of its largest manufacturing set-ups from China and moved it to Noida in Uttar Pradesh. Apple and Xiaomi are also invested seriously in Indian manufacturing capacity. All these shows the booming FDI investments flowing to India under the leadership of Narendra Modi. PM Modi’s vision and initiatives are being lapped up by the industry. Innovators like Jighesh Shah have fully supported Modi in these ventures. Jignesh Shah’s contributions have had an immense impact on the growth and development of the financial sector.
According to Shah, the idea is to make India a powerhouse in technology and related ecosystem development. The idea was borne out of the untiring efforts of Jignesh Shah and his colleagues. An engineer by education, an entrepreneur by aspiration, and an evangelist by interest for financial markets development, his numerous efforts and endeavors led to the state of the financial market infrastructure that India could take pride in, especially for the path breaking work that he has done in the financial market development and promotion of multi asset class market segments across multiple geographies. As far as Start-up Industry is considered, Shah believes it has a lot of potential. However, it goes without saying that start-ups will be able to see long term success only if first-generation entrepreneurs like Jignesh Shah provide the desired impetus and momentum to this industry with their experience and leadership.