India has taken a different development path from traditional industrialization. In recent years，the Indian government intends to give an impetus to manufacturing in India and make India a Global Manufacturing Hub. Abundant human resources and the huge domestic market and the strong governance provide good conditions for the implement of‘Make in India’. The reshaping of global industrial supply chains and the impact of the pandemic have also brought some opportunities for the implement of “Make in India”. However，anti-globalization and the influence of India’s own religion，culture and other factors will still affect the effective implementation of this policy. For China，we should do well in the technological innovation and industrial upgrading，and should also take advantage of the opportunity of “Make in India” to realize cooperation across regional value chains through win-win cooperation.