MAKE IN INDIA
'Make-In-India' is a Lion's Step - Prime Minister Of India
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Make in India is an initiative of the Government of India to encourage multinational, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014. India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing the People's Republic of China as well as the United States.
The Major objective behind the initiative is to focus on job creation and skill enhancement in twenty-five sectors of the economy. These sectors include: automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality,wellness, railways, design manufacturing, renewable energy, mining, bio-technology, and electronics. The initiative hopes to increase GDP growth and tax revenue. The initiative also aims at high quality standards and minimizing the impact on the environment. The initiative hopes to attract capital and technological investment in India.
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Make in India Campaign Objective
Ultimate objective to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and set up factories and expand their facilities in India and use India’s highly talented and skilled manpower to create world class zero defect products. Mission is to Manufacture in India and sell the products worldwide.
How this would be achieved
- Skill development programs would be launched especially for people from rural and poor ones from urban cities
- 25 key sectors have been short listed such as telecommunications, power, automobile, tourism, pharmaceuticals and others
- Individuals aged 15-35 years would get high quality training in the following key areas such as welding, masonries, painting, nursing to help elder people
- Skill certifications would be given to make training process, a standard. Currently manufacturing in India suffers due to low productivity rigid laws and poor infrastructure resulting in low quality products getting manufactured.
- Over 1000 training centers would be opened across India in the next 2 years
- For companies setting up factories, “Invest India” unit is being set-up in the commerce department which would be available 24/7. The main focus of this department would be to make doing business in India easy by making all the approval processes simpler and resolving the issues in getting regulatory clearances within 48-72 hours so that clearances are fast. To make this possible, special team would be available to answer all the queries related to help foreign investors/companies.
- The e-biz portal would be soon launched which would be real time and available 24*7
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Sectors in focus
| Automobiles | Food Processing | Renewable Energy |
| Automobile Components | IT and BPM | Roads and highways |
| Aviation | Leather | Space |
| Biotechnology | Media and Entertainment | Textiles and garments |
| Chemicals | Mining | Thermal Power |
| Construction | Oil and Gas | Tourism and Hospitality |
| Defence manufacturing | Pharmaceuticals | Wellness |
| Electrical Machinery | Ports | |
| Electronic Systems | Railways |
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Quotes of Prime Minister Modi
Top ten takeaways from his speech:
1. FDI for me is First Develop India and then Foreign Direct Investment
2. Want to take India higher on Ease-of-Doing-Business Index. Industrialists don't come because of incentives, need to create development and growth-oriented environment
3. Who is the Government for? It is for every Indian..It is for the poorest of the poor
4. The world is looking at Asia. I do not have to waste time to invite people. I need to give them the address.
5. Governance should be aimed at digital government in fact why not Mobile governance. We need to focus on Digital India to ease business through easy governance. With a digital India, there will be easy governance
6. I do not only talk about good governance. I talk about effective governance. Effective governance, easy governance need of the hour
7. When we talk of a "Look East" policy, we must also talk about "Link West". Both need to work simultaneously
8. Make-In-India is a Lion's Step': Its Symbol is a Lion Made of Cogs
9. Financial inclusion plan has worked wonders. See the trust of country men even after a zero balance account till now 40 million new bank accounts opened in Jan Dhan Yojana (in just a month) and Rs. 1500 crores deposited.
10. Nobody can question the talent of our people especially after yesterday's Mars mission.
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