INTRODUCTION TO MAKE IN INDIA:-
Make in India is definetly a very ambitious scheme launched by the Prime minister of India Shri Narendra Modi on 25th Sept.2014. This compaign basically focuses on facilitating job creation as a whole. Furthermore It also focuses on enforcement to the secondary and tertiary sectors making India a self raliant nation , boosting the national economy and also ensuring that the Indian economy achieves International recognition in a short period. This scheme is mainly being operated by the Department of Indian Policy and Promotions(DIPP), Ministry of commerce and Industry , Government of India. At this point this system is critical for the financial development of India.It generally uses the current Indian ability base making extra livelihood oppurtunities.
MAIN OBJECTIVE :-
1. Skill improvement projects were emphatically initiated to create 100million additional jobs by 2022.
2. People between age group 15 to 40 years were targetted to provide training especially in the field of welding,masonaries,painting & nursing to get employement.
3. Attract foreign investment for new industrialisation and especially develop already existing industry base in India.
4.Target of an increase in manufacturing sector growth to 12-14% per annum correspondingly.
5. Increase the share of manufacturing sector in country’s Gross Domestic Product from 16% to 25% finally by 2022.
The central idea of this compaign was to ultimately make India a manufacturing superpower, by inviting as many manufacturer from foreign countries as possible . Following are the advantage of having high foreign investment in an manufacturing sectors:-
– Soon make India a manufacturing hub.
– Eventually improve employement oppurtunity.
– At the same time increase in GDP contribution.
THE TAGLINE
To begin with the tagline of this scheme is “A zero defect & zero effect policy”.With the launch of this compaign it was targetted to finally make India a manufacturing hub.Undeniably the product produced should have zero defect and at the same time manufacturing of the product should not cause any effect on environment.It clearly means we must protect our environment also while manufacturing zero defect products.
The various updates on this compaign may be especially tracked from following official site ie. https://www.makeinindia.com/
VISION OF THIS COMPAIGN:-
The vision of this compaign is to make India a Global Manufacturing hub by generating jobs and basically attracting more and more foreign direct investments.Furthermore the aim of this compaign is to grow the contribution in economy through manufacturing from 16% to 25%.
Following are the sectors covered and to be developed under Make in India compaign :
1. Automobile
2. Aviation
3. Mining
4. Biotechnology
5. Media & entertainment
6. Chemicals
7. IT
8. Construction
9. Oil & Gas
10. Defence manufacturing
11. Railways
12. Electrical machinery
13. Renewable energy
14. Food processing
15. Shipping
16. Roads & Highways
17. Automobile components
18. Thermal powers
19. Tourism and hospitality
20. Wellness
21. Ports
22. Electricals
23. Leather
So total of 23 sectors of economy were focussed in this compaign.
Eventually the main sectors which improved phonomenally becuase of MII are:-
-Automobile
-IT sectors
-Renewable Energy
-Pharmaceuticals
-Food Parks
Make India a Manufacturing Hub by
-Firstly having a good Infrastructure
-secondly Ease of doing business
-Thirdly low costs
-Fourthly skilled labours
Ease of doing business can be achieved by
-Reduced paperwork and eventually introduction of e-Office
-Henceforth Single window clearance
-Having minimum human intervention & equally maximum human response.
Low Cost Economy can be achieved by
-Providing cheaper,easily available & skilled labour
– Tax incentives as much as possible
-Developing skilled labour by providing training in particular at various training centres.
ADVANTAGE OF MII:-
1.More manufacturing units
2.More and more job oppurtunities
3.More purchasing power and more income
4.Strengthening the Indian Rupee value
5.Upgradation of technology
6.Introduction of FDI
7.Development of Rural areas.
DISADVANTAGE OF MII:-
1.All things considered negligence to agriculture
2. Above all loss for small enterprenuers
3.Undoubtedly depletion of natural resources
4.Comparatively Interest in International brands
5.Bad relation with China on the negative side.
6.Ultimately increase in pollution
COMPONENTS OF MII:-
-Start up India
-Digital India
-Skill Development
-AMRUT( Atal Mission for Rejuvenation and Urban Transformation)
-Smart City
Following are the problem faced in implementation of Make in India
-Land acquisition
-Labour Law
-Multiple taxation
MAKE IN INDIA COMPAIGN CAN BE MORE EFFECTIVE BY
i> Furthermore,strenghening the corporate R & D operations in the country
ii>Additionally digitalisation of all Government departments
iii> Moreover simplification and Rationalisation of the taxation system
iv> As well as developing Energy Infrastructure
v> After that encouraging the development of public interest
vi> Altogether revising Land acquisition act.
vii>Equally important MSME scale should be increased
viii>Likewise increased access to finance for MSME
ix>undoubtedly overall rehauling of transport system
CONCLUSION
In conclusion, the “Make In India” initiative has brought about significant positive changes. Firstly, it has attracted foreign investment, resulting in the establishment of manufacturing units. Additionally, it has promoted entrepreneurship, skill development, and technological advancements. As a result, India has seen economic growth, increased exports, and reduced reliance on imports. Overall, “Make In India” has positioned India as a global manufacturing powerhouse, ensuring a prosperous and self-reliant future.
