MAKE IN INDIA

Make in India

Make in India – Introduction

“Make in India” is a Government of India scheme launched by Prime Minister Shri Narendra Modi on September 25, 2014, at Vigyan Bhawan, New Delhi, for intended to encourage and boost the domestic manufacturing sector and galvanize the economy with dedicated investments in manufacturing and services.

“Make in India” is a major national programme of the Government of India - to create a conducive environment for investments, foster innovation, enhance skill development, protect intellectual property, develop a modern and efficient infrastructure, and open up new sectors for foreign capital.

The Make in India 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.

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry’s Department of Industrial Policy and Promotion is the nodal agency for the implementation of Make in India initiative. The Make in India initiative targeted 25 economic sectors for job creation and skill enhancement and aimed to transform India into a global design and manufacturing hub.

The dedicated website for Make in India initiative [www.makeinindia.com] not only showcases the 25 sectors but also puts focus on opportunities, policies and Ease of Doing Business. The Investor Desk is an integral part of this website, which aims at providing all information/data analysis to investors across sectors.

Make in India – Pillars

The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors.

 

1.    New Processes: ‘Make in India’ - recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. A number of initiatives have already been undertaken to ease business environment. The aim is to de-license and de-regulate the industry during the entire life cycle of a business.

 

2.    New Infrastructure: ‘Make in India’ - Availability of modern and facilitating infrastructure is a very important requirement for the growth of industry. Government intends to develop industrial corridors and smart cities to provide infrastructure based on state-of-the-art technology with modern high-speed communication and integrated logistic arrangements. Existing infrastructure to be strengthened through upgradation of infrastructure in industrial clusters. Innovation and research activities are supported through fast paced registration system and accordingly infrastructure of Intellectual Property Rights registration set-up has been upgraded. The requirement of skills for industry are to be identified and accordingly development of workforce to be taken up.

 

3.    New Sectors: ‘Make in India’ has identified 25 sectors in manufacturing, infrastructure and service activities and detailed information is being shared through interactive web-portal and professionally developed brochures. FDI has been opened up in Defence Production, Construction and Railway infrastructure in a big way.

 

4.    New Mindset: Industry is accustomed to see Government as a regulator. ‘Make in India’ intends to change this by bringing a paradigm shift in how Government interacts with industry. The Government will partner industry in economic development of the country. The approach will be that of a facilitator and not regulator.

 

Make in India – Objectives

The primary objective of Make in India initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. There are several targets aimed by the Make in India programme. They are:

1.    Increase in manufacturing sector growth to 12-14% per annum

2.    Create 100 million additional jobs in the manufacturing sector by 2022

3.    Increase in the manufacturing sector’s share in the GDP to 25% by 2022.

4.    Improving India’s rank on the Ease of Doing Business Index that is released by the World Bank.

5.    Creating required skill sets among the urban poor and the rural migrants to foster inclusive growth.

6.    A rise in the domestic value addition and technological depth in the manufacturing sector.

7.    Having an environmentally-sustainable growth.

8.    Augmenting the global competitiveness of the Indian manufacturing sector.

 

Make In India- Sectors

The focus of Make in India programme is on creating jobs and skill enhancement in 25 sectors. These include:

1.    Automobiles.

2.    Aviation.

3.    Chemicals.

4.    IT & BPM.

5.    Pharmaceuticals.

6.    Construction.

7.    Defense manufacturing.

8.    Electrical machinery.

9.    Food processing.

10. Textiles and garments.

11. Ports.

12. Leather.

13. Media and entertainment.

14. Wellness.

15. Mining.

16. Tourism and hospitality.

17. Railways.

18. Automobile components.

19. Renewable energy.

20. Mining.

21. Bio-technology.

22. Space.

23. Thermal power.

24. Roads and highways.

25. Electronics systems.