When launched, Make in India initiative created much needed enthusiasm in the manufacturing industry. However, its success would be registered when this enthusiasm translates into the business. Taking a stock of the situation since inception of this initiative, Farrokh N. Cooper, Chairman and Managing Director, Cooper Corporation Pvt. Ltd. mentioned, "In the last three years definitely many bold steps have been taken to encourage Make in India programme, results are visible." Adding into it, Kishore Jayaraman, President, Rolls-Royce, India & SA opined, "The ‘Make in India' initiative has added a much needed momentum to the Indian manufacturing ecosystem as a whole. The initiative has positioned India on the world map as a manufacturing hub. Organisations are attracted by the vast pool of the untapped engineering talent and cost-competitive manufacturing potential that India offers."
One of the examples of how foreign companies are attracted towards India as a manufacturing destination would be Toshiba. Stating Toshiba's contribution, Tomohiko Okada, Managing Director, Toshiba India Pvt. Ltd. said, "We have established India as a hub for our manufacturing operations and export base with an aim to ‘Make in India and Export from India'. Toshiba in India is focusing on sustainable B2B fields and has made significant investments in setting up manufacturing operations for Power Generation equipment, Power Transmission & Distribution equipment and Railway components. Setting up our power generation operations in India, we established a manufacturing facility in Chennai to manufacture and market super-critical steam turbines and generators for thermal power plants in India, under the name - Toshiba JSW Power Systems (TJPS)."
In 2016, the company established a new production facility for electrical equipment for railway systems to foster the railway transport infrastructure in India. "This facility, a part of the existing TTDI factory in Hyderabad, will manufacture power conversion systems and train control systems that provide overall operation management," Okada noted.
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