Make in India
Make in India
Make in India is a major new national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India.
“I want to tell the people of the whole world: Come, make in India. Come and manufacture in India. Go and sell in any country in the world but manufacture here. We have the skill, talent, discipline and the desire to do something. We want to give the world an opportunity that comes make in India,” Prime Minister of India, Mr. Narendra Modi said while introducing the programme in his maiden Independence Day speech from the ramparts of the Red Fort on August 15, 2014. The initiative was formally introduced on September 25, 2014 by Mr. Modi at Vigyan Bhawan, New Delhi, in the presence of business giants from India.
Make in India Objectives:-
- Economic growth of India:- The Make in India programme is very important for the economic growth of India as it aims at utilising the existing Indian talent base, creating additional employment opportunities and empowering secondary and tertiary sector.
- Ease of Doing Business:- The programme also aims at improving India’s rank on the Ease of Doing Business index by eliminating the unnecessary laws and regulations, making bureaucratic processes easier, making the government more transparent, responsive and accountable.
Sectors in focus
For the Make in India campaign, the government of India has identified 25 priority sectors that shall be promoted adequately. These are the sectors where the likelihood of FDI (foreign direct investment) is the highest and investment shall be promoted by the government of India.
IT and BPM
Roads and highways
Media and Entertainment
Textiles and garments
Oil and Gas
Tourism and Hospitality
Benefits and Disadvantages of Make in India
India is a country rich in natural resources. Labour is aplenty and skilled labour is easily available given the high rates of unemployment among the educated class of the country. With Asia developing as the outsourcing hub of the world, India is soon becoming the preferred manufacturing destination of most investors across the globe. Mae in India is the Indian government's effort to harness this demand and boost the Indian economy.
India ranks low on the "ease of doing business index". Labour laws in the country are still not conducive to the Make in India campaign. This is one of the universally noted disadvantages of manufacturing and investing in India.
Why Companies were not manufacturing in India
Make in India campaign is at loggerheads with the Make in China ideal that has gained momentum over the past decade. China is a major rival to India when it comes to outsourcing, manufacturing, and services business.
- India's ailing infrastructure scenario and defunct logistics facilities make it difficult for the country to achieve elite status as a manufacturing hub.
- The bureaucratic approach of former governments,
- Lack of robust transport networks,
- Widespread corruption make it difficult for manufacturers to achieve timely and adequate production.
The Modi government has vowed to remove these hurdles and make the nation an ideal destination for investors to set up industries.
The Make in India Website
- Apart from the launch of a colourful brochure, which should find its way into the hands of anyone intending to invest into India, the government of India also launched a website to supplement the campaign.
- The Make in India website highlights each of the 25 target sectors with statistics, reasons to invest, growth drivers, all policies relevant to investors and the individual sectors, government support, and opportunities for investors apart from showcasing the live projects that have been undertaken and FAQs.
- The website also links to the campaigns Social Media feeds on Twitter, Facebook, Google Plus, and YouTube.
Criticism and Concerns
The NDA government's Make in India campaign has till early October attracted INR 2000 crore worth investment proposals. The campaign has, despite this, found its fair share of critics.
- The topmost of these criticisms are levelled against the incumbent government. It has been felt that the government does not walk its talk - labour reforms and policy reforms which are fundamental for the success of the Make in India campaign have not yet been implemented.
- A number of layoffs in companies such as Nokia India cast long shadows over the campaign.
- A number of technology-based companies have not been enthused by the campaign launch and have professed to continue getting their components manufactured by China.
Make in India
PM Mr. Narendra Modi
Number of Sectors
Investment Proposals Received
INR 2000 crore (till 9-Oct-2014)
You can also go through other Government Schemes launched in recent times by BJP Government which would be very helpful for the preparation for UPSC, State PCS and other Government Exams:-
- Swachh Bharat Abhiyan
- Pradhan Mantri Suraksha Bima Yojana
- Pradhan Mantri Mudra Yojana
- Pradhan Mantri Jeevan Jyoti Bima Yojana
- Pradhan Mantri Jan Dhan Yojana (PMJDY)
- Pradhan Mantri Adarsh Gram Yojana
- Deen Dayal Upadhyaya Gram Jyoti Yojana
- Atal Pension Yojana
- Jal Shakti Abhiyan
- Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
- Udaan Scheme
- Digital India
- Skill India