MAKE IN INDIA
Make in India is an initiative launched by the Government of India to encourage multinational as well as national companies to manufacture their products in India.
Make in India scheme is an initiative to facilitate and augment the manufacturing industry in India. In other words, it can also be said that this program is intended to increase the GDP of the Indian economy. This scheme was launched by Bhartiya Janta Party government (BJP) under the leadership of visionary Prime Minister Mr. Narendra Modi in the very same year of 2014, to which they come into the majority. Besides promoting manufacturing and employment sector in the country it has set a various wide array of targets which are meant to change the entire economy of the country positively.
This national program is designed to transform the country into a global business hub as it contains attractive proposals for top local and foreign companies. This campaign focuses on creating number of valuable and honored jobs as well as skill enhancement in almost 25 sectors for improving the status of youths of the country. The sectors involved are automobiles, chemicals, IT & BPM, aviation, pharmaceuticals, construction, electrical machinery, food processing, defense manufacturing, space, textiles, garments, ports, leather, media and entertainment, wellness, mining, tourism and hospitality, railways, automobile components, renewable energy, mining, biotechnology, roads and highways, electronics systems and thermal power.
The successful implementation of this plan will help in the 100 smart cities project and affordable housing in India. The main objective is to ensure solid growth and valuable employment creation in the country with the help of top investors. It will benefit both parties, the investors, and our country. The government of India has created a dedicated help team and an online portal (makeinindia.com) for the easy and effective communication of investors. A dedicated cell is committed to answering all the queries from business entities anytime.
Make in India focuses on the following 25 sectors of the economy.(a) Automobiles (b)Automobile components (c)Aviation (d)Biotechnology (e) Chemicals (f) Construction (g) Defence manufacturing (h) Electrical machinery (i) Electronic systems (j) Food processing (k) Information technology and Business process management (l) Leather (m) Media and entertainment (n) Mining (o) Oil and Gas (p) Pharmaceuticals (q) Ports and shipping (r)Railways (s) Renewable Energy (t) Roads and Highways (u) Space and Astronomy (v) Textiles and Garments (w) Thermal Power (x) Tourism and Hospitality (y) Wellness . As per the new government policy 100 percent FDI is permitted in above sectors except for space 74 percent and defense 49 percent and news media 26 percent. This is the most visionary economy alleviation plan of India. The main importance of this plan is to boost the manufacturing sector of India. The main focus is to increase the GDP of India. The main Key factors of this initiative is as (a) The programme is destined to increase and facilitate Foreign Direct investment in India and convincing Indian and foreign companies to produce their goods in India (b) This would help in creation of new employment opportunities and would lead to better employment conditions (c) It would attract the flow of foreign capital in the Indian economy . (d) It would create a demand of skilled and trained people in specific sectors to satisfy the demand for well-equipped manpower in different sectors of the economy. (e) This programme is helping to improve the brand name of India in the international arena of the earlier business constraints that the foreign investing giants used to face which used to restrict the flow of foreign capital in India.
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