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Make in India

IntroductionMake in India is an international marketing campaigning slogan coined by the Prime


Minister of India, Narendra Modi on 25 September 2014 to attract businesses from
around the world to invest and manufacture in India.
The campaign has been concentrated to fulfill the purpose of
-

job creation
enforcement to secondary and tertiary sector ]
boosting the national economy
converting India to a self-reliant country and
to give the Indian economy global recognition.
The 'Make in India' also attempts to enforce the inflow of FDI [] in the country and
improve services by partial privatization of loss-making[ government firms.
The campaign is completely under control of the Central Government of India

Objective-

To focus upon the heavy industries and public enterprises while generating
employment, empowering secondary and tertiary sector and utilizing the human
resource present in India.
- Making India a manufacturing hub
- Eliminating the unnecessary laws and regulation
- Making bureaucratic processes easier and shorter and make government more
transparent, responsive and accountable.
- Time-bound project clearances through a single online portal which will be further
aided by the eight-members team dedicated to answering investor queries within 48
hours and addressing key issues including labour laws, skill development and
infrastructure.

Site launched by Government of India - http://www.makeinindia.com/


Aim to raise the share of manufacturing sector to 25-30 %.
Sectors:Automobiles , Aviation , Biotechnology , Chemicals , Construction ,Defence
Manufacturing , Electrical machinery , Food Processing , IT and BPM , Media and
Entertainment , Mining , Oil and Gas , Pharmaceuticals , Railways , Ports ,
Renewable Energy , Space , Textile , Thermal Power , Tourism , Wellness.

Main Objective :- The objective is to increase the share of manufacturing in the


GDP of the country and to create smart sustainable cities where manufacturing will
be the key economic driver.

DMIC Delhi Mumbai Industrial Corridor

24 manufacturing cities are envisaged in the perspective plan of the project. In


the first phase, seven cities are being developed, one each in the states of Uttar
Pradesh, Haryana, Rajasthan, Madhya Pradesh and Gujarat and two in Maharashtra.
The manufacturing cities will provide international and domestic investors with a diverse
set of vast investment opportunities. The initial phase of the new cities is expected to be
completed by 2019.

DMIC states (Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat &
Maharashtra) contribute 43% to the countrys GDP; more than half of Indias industrial
production & exports; account for over 40% of workers & number of factories across
India.

Other four corridors which have been conceptualized are

1. Bengaluru-Mumbai Economic Corridor (BMEC);


2. Amritsar Kolkata Industrial Development Corridor (AKIC);
3. Chennai-Bengaluru Industrial Corridor (CBIC),
4. East Coast Economic Corridor (ECEC) with Chennai Vizag Industrial Corridor as
the first phase of the project (CVIC).

DMIC Impact on India

New DMIC Cities will help to meet pressures of Urbanization and also lead

Indias economic growth for the next 20 -30 years.


The project aspires to double employment potential, triple industrial output and
quadruple exports from the region in the next seven to nine years.

Phase-1

Node 1 - Ahmedabad-Dholera Investment Region, Gujarat


Node 2 - Manesar-Bawal Investment Region, Haryana
Node 3 - Khushkhera-Bhiwadi-Neemrana Investment Region, Rajasthan
Node 4 - Pithampur-Dhar-Mhow Investment Region, Madhya Pradesh
Node 5 - Dadri-Noida-Ghaziabad Investment Region, Uttar Pradesh
Node 6 - Dighi Port Industrial Area, Maharashtra
Nashik-Sinnar-Igatpuri Investment Region, Maharashtra

Policies defined for below :-

New initiatives
Foreign Direct Investments
Intellectual Property Facts
National Manufacturing

Challenges for Make In India

Creation of healthy business environment will be possible only when the

administrative machinery is efficient. A business-friendly environment will only be


created if India can signal easier approval of projects and set up hassle-free
clearance mechanism. ( Hassle free clearance system )
To make the country a manufacturing hub the unfavorable factors must be removed.
India should also be ready to give tax concessions to companies who come and set

up unit in the country.( Tax concessions for start-ups )


India's small and medium-sized industries can play a big role in making the country
take the next big leap in manufacturing. India should be more focused towards
novelty and innovation for these sectors. The government has to chart out plans to

give special sops and privileges to these sectors.( Boost to SMEs )


India's make in India campaign will be constantly compared with China's 'Made in
China' campaign. The dragon launched the campaign at the same day as India
seeking to retain its manufacturing prowess. India should constantly keep up its
strength

so

as

to

outpace

China's

supremacy

in

the

manufacturing

sector. ( Competition with china )


India must also encourage high-tech imports, research and development (R&D) to
upgrade 'Make in India'. ( Provide platform for R & D ) .

Key FactsContribution in GDP of Manf. Sector 21.5 %


Labor force in Manufacturing sector 20 %

Problem for Electronic Industry for manufacturing in India

Indian complex tax structure forces companies to import their units to


curtail the prices.

Challenges in Aviation sector:-

Good article to read - http://www.thehindu.com/opinion/lead/opinionon-make-in-indiacampaign/article6736040.ece

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