Mercedes, GE among 'Make in India' investors

New Delhi: Domestic and foreign companies like Mercedes Benz India, General Electric, Toshiba and PepsiCo have made investments under the government's 'Make in India' scheme between 2014 and 2016, Parliament was informed on Tuesday.

"Investments have been made under the 'Make in India' scheme between 2014 and 2016 by domestic and foreign companies like Mercedes Benz India, International Tractors Limited, Jaya Montupet, Isuzu Motors, General Electric, Toshiba Transmission and Distributions Systems India Private Limited and PepsiCo," Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Rajya Sabha.

The minister further said that after the launch of 'Make in India' campaign in September 2014, FDI inflows have increased by 46 per cent during October 2014 to May 2016, from USD 42.31 billion to USD 61.58 billion in comparison to the previous 20 months (February 2013 to September 2014).

The 'Make in India' initiative was launched in September 2014 to make the country a manufacturing hub of the world.