Make in India

The government of India has recently announced its most ambitious Make in India
campaign to boost manufacturing in the country. The manufacturing sectors contribution
to GDP is just 15 percent. The Indian governments aim is to increase the share of
manufacturing to 25 percent of GDP by 2025.

What is Make in India

Make in India is a new national program designed to transform India into a global
manufacturing hub. It contains a raft of proposals designed to urge companies - local
and foreign - to invest in India and make the country a manufacturing powerhouse.
It broadly includes plans to cut red tape, develop infrastructure and make it easier for
companies to do business. Currently, India ranks 134 out of 189 countries in the World
Banks ease of doing business index in 2014.

Why Make in India:

The manufacturing sector has potential to create 90 million jobs in the next decade in
India.
The other benefit is conservation of precious foreign exchange by cutting down imports,
and at the same time generating surplus for exports.
Given the labour cost advantage, the products manufactured in India, will be competitive
across the globe.

Which sector will Make in India cover:

The focus of Make in India programme is on creating jobs and skill enhancement in 25
sectors. These include: automobiles, aviation, chemicals, IT & BPM, pharmaceuticals,
construction, defense manufacturing, electrical machinery, food processing, textiles and
garments, ports, leather, media and entertainment, wellness, mining, tourism and
hospitality, railways, automobile components, renewable energy, mining, bio-technology,
space, thermal power, roads and highways and electronics systems.

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Logo of Make in India

Measures to make it happen:

As part of the Make in India initiative, foreign investment caps in construction will be
eased to enable greater participation in the NDA governments 100 smart cities project
and affordable housing. Few other steps are:

Process of applying for Industrial License & Industrial Entrepreneur Memorandum

made online on 247 basis through eBiz portal.
Validity of Industrial license extended to three years.
Major components of Defence products list excluded from industrial licensing.

For further information visit website http://www.makeinindia.gov.in/

About FLIP
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certifications are endorsed by Indias leading banks & FIs.
FLIPs 25,000+ users comprise students & working professionals, banks, FIs, IT
companies, and large corporate houses. With partnerships across the NSE, Finacle of
Infosys, and CRISIL, FLIP is setting a knowledge benchmark across BFS.

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