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India PM Narendra Modi unveils 'Make in India' campaign

Prime Minister Narendra Modi has launched an ambitious campaign which aims to turn
the country into a global manufacturing hub.
It includes plans to cut red tape, develop infrastructure and make it easier for companies to do
The launch comes on the eve of Mr Modi's first visit to the US as prime minister.
Manufacturing contributes only 15% to India's gross domestic product; authorities want to raise
it to 25%.
Mr Modi's 'Make in India' campaign comes a day after India sent its homegrown mission to
The Mangalyaan robotic probe, one of the cheapest interplanetary missions ever, was
successfully put into the orbit of Mars on Wednesday morning.
"Whenever I met [business] people for the last few years they would tell me - we want to shift
out... It pained me that people of nation are forced to leave," Mr Modi said while unveiling the
campaign in the capital, Delhi.
"We do not want any industrialist being forced to leave India. I can say that we have been able to
bring about a change in last few months."
The 'Make in India' campaign aims to turn the country into a global manufacturing hub
Mr Modi said India must "increase manufacturing and at the same time ensure that the benefits
reach the youth of our nation".
A boost to manufacturing will create jobs, increase purchasing power and create a larger market
for manufacturers, he added.
India has a huge pool of talented people, Mr Modi said, adding that it was because of this talent
that India was able to send the indigenously-built Mangalyaan to the orbit of Mars.
Mr Modi won the recent general election, promising to revive India's slowing economy and in
the three months to June, the country's economy grew by 5.7% , its fastest pace in two-and-a-half

Why Narendra Modis Make In India is indeed a step of a lion

Remember the Independence day speech of Narendra Modi? From the ramparts of
Red Fort he had announced,

Lets resolve to steer the country to one destination. We have it in us

to move in that direction.
Come, make in India, Come, manufacture in India. Sell in any
country of the world but manufacture here. We have got skill, talent,
discipline, and determination to do something. We want to give the
world a favourable opportunity that come here, Come, Make in India
and we will say to the world, from electrical to electronics, Come,
Make in India, from automobiles to agro value addition Come, Make
in India, paper or plastic, Come, Make in India, satellite or
submarine Come, Make in India. Our country is powerful. Come, I am
giving you an invitation.
And bang! Forty-one days later at Vigyan Bhawan, New Delhi, Modi announced the
launch of Indias most ambitious plan to boost manufacturing in the country in the
presence of business stalwarts like Mukesh Ambani, Cyrus Mistry, Kumar Mangalam
Birla and Azim Premji.
Through Make In India initiative, government will focus on building
physical infrastructure as well as creating a digital network to make
India a global hub for manufacturing of goods ranging from cars to
softwares, satellites to submarines, pharmaceuticals to ports and
paper to power.
This initiative is nothing less but a giant leap or the step of a lion. As we write this, the
official Facebook page of Make In India has crossed 120K likes and its twitter handle
has more than 13K followers, all this, in a days time.
Heres everything about MakeInIndia and why it is a stepping stone towards making
India an investment hub.
What is MakeInIndia
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.

Sectors covered
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, biotechnology, space, thermal power, roads and highways and
electronics systems.

The logo
The Make In India logo is derived from Indias national emblem. The wheel denotes the
peaceful progress and dynamism a sign from Indias enlightened past, pointing the
way to a vibrant future. The prowling lion stands for strength, courage, tenacity and
wisdom values that are every bit as Indian today as they have ever been.
What comes in the package
Global investors have been unsparing in their criticism about complex rules and
bureaucratic red tape that delay investment decisions. India ranks 134 out of 189
countries in the World Banks ease of doing business index in 2014. As part of 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.
The initiative will also target top companies across sectors in identified countries.
The Prime Minister said

FDI should be understood as First Develop India along with

Foreign Direct Investment.
He urged investors not to look at India merely as a market, but instead see it as an
Major highlights of the Make In India plans are as follows:
1. Invest India cell: An investor facilitation cell set up by the government will act as
the first reference point for guiding foreign investors on all aspects of regulatory and

policy issues and to assist them in obtaining regulatory clearances. The cell will also
provide assistance to foreign investors from the time of their arrival in the country to the
time of their departure. The information & facts that potential investors need for each
sector have been compiled in brochures.
2. Consolidated services and faster security clearances: All central
government services are being integrated with an e-Biz single window online portal
while states have been advised to introduce self-certification. The ministry of home
affairs have been asked to give all security clearances to investment proposals within 3
3. Dedicated portal for business queries: A dedicated cell has been created
to answer queries from business entities through a newly created web portal
([http://www.makeinindia.com). The back-end support team of the cell would answer
specific queries within 72 hours. The portal also boasts of an exhaustive list of FAQs
4. Interactions with the users/visitors: A pro-active approach will be deployed
to track visitors for their geographical location, interest and real time user behaviour.
Subsequent visits will be customised for the visitor based on the information collected.
Visitors registered on the website or raising queries will be followed up with relevant
information and newsletter.
5. Easing policies and laws: A vast number of defence items have been delicensed and the validity of industrial license has been extended to three years.
With a view to providing flexibility in working hours and increased intake of apprentices
for on the job training, the government plans to introduce a single labour law for small
industries by December. An advisory has been sent to all departments/state
governments to simplify and rationalise regulatory environment (which includes online
filing of all returns in a unified form).
Why the need to Make In India
Narendra Modi stated the reason and motive to launch Make In India very clearly,

It is important for the purchasing power of the common man to

increase, as this would further boost demand, and hence spur
development, in addition to benefiting investors. The faster people are
pulled out of poverty and brought into the middle class, the more

opportunity will there be for global business. Therefore, investors from

abroad need to create jobs. Cost effective manufacturing and a
handsome buyer one who has purchasing power are both required.
More employment means more purchasing power.
Modi had felt a mood of gloom among Indias business community in the last few years,
due to lack of clarity on policy issues. He said,
Trust is essential for investors to feel secure. Let us begin with trust; if there is an issue,
Government can intervene. Trust too can be a transformative force. Development and
growth-oriented employment is the government`s responsibility.
What does future look like
To the expression Look East, Modi added Link West, emphasizing on the necessity
of a global vision. Referring to his vision of waste water management and solid waste
management in 500 towns across India through public private partnership, he said that
Mission Swachh Bharat and waste to wealth could lead to good revenue models for
business as well.
The Prime Minister believes in the infrastructure of the future including i-ways besides
highways and mentioned port led development, optical fibre networks, gas grids and
water grids. Digital India mission would ensure that Government processes remained in
tune with corporate processes.
He said,

Make in Indiathis is the step of a Lion.

Nobody can question the talent of our people, especially after
the Mangalyaan
Make In Indias success relies a lot on the fate of the newer companies and statups. A
mission which can go either way at this stage, was envisioned by Narendra Modi as

If each one of our millions of youngsters resolves to manufacture at

least one such item, India can become a net exporter of goods. I,
therefore, urge upon the youth, in particular our small
entrepreneurs that they would never compromise, at least on

two counts. First, zero defect and, second again zero

effect. We should manufacture goods in such a way that they carry
zero defect, that our exported goods are never returned to us. We
should manufacture goods with zero effect that they should not have a
negative impact on the environment.

Modis Make in India becomes govts biggest digital initiative, Facebook page
adds one member every 3 seconds - See more at:
The central government on Sunday announced that Make in India has become its largest and
fastest growing digital initiative with 2.1 billion impressions on social media.
In the process, the Department of Industrial Policy and Promotion initiative has left behind
every other government department like the MEA (ministry of external affairs), home ministry or
the ministry of information and broadcasting, the commerce and industry ministry said in a
statement here.
Modis Make in India campaign adds a new member every three seconds on its Facebook page
and has become the most sought after government initiative ever on any digital media platform.
Make in India has seen an overwhelming response on its digital platforms like Facebook and
Twitter since its launch just 3 months ago. The initiative has already touched over 2.1 billion
global impressions on social media and reached an overall fan base of over 3 million on its
Facebook page, an official statment said on Sunday.
The Make in India Facebook page adds a new member every 3 seconds, a feat that has not been
achieved by any other department of the government and a very few in the private sector, the
statement added.
The Department of Industrial Policy and Promotion (DIPP) led Make in India initiative has
become the largest and fastest growing government initiative ever on digital media, leaving
behind every other government departments like the Ministry of External Affairs, the Home
Ministry or the Ministry of Information & Broadcasting, the statement added.
On Twitter @makeinindia_handle the official account, has as many as 2.63 lakh followers
already within 90 days. The initiative has been abuzz since the very first day, with its launch
video garnering over 5.7 lakh views on YouTube.

Not just the social networks, even the website (www.makeinindia.com) has received immense
response with page views of over 5.5 million accessed by over 1.7 million users across the
The initiative focuses on attracting businesses to invest and manufacture in India with an aim to
make India a global manufacturing hub while bringing about an economic transformation in the
country. It has consciously taken the Digital First approach in propagating its agenda across the

The Gujarat model

How Modi-nomics was forged in one of Indias most
business-friendly states

BILLBOARD images of Narendra Modi loom over visitors to Ahmedabad, the main city
of Gujarat, at almost every turn. The big-brother omnipresence of Indias prime minister
is part of the build-up to a big trade fair held in neighbouring Gandhinagar, a showcase
for the business-friendly state initiated in 2003 by Mr Modi when he was its chief
minister. The 2015 Vibrant Gujarat summit, the seventh such event, will run for three
days from January 11th, when Mr Modi will make a speaking appearance. It will be a
vast affair with visitors from 125 countries. A fleet of golf buggies, with plastic wrap still
on the seats, stands ready to ferry visiting dignitaries, including John Kerry, Americas
secretary of state, between the hangar-sized exhibition halls.
Gujarat is richer, enjoys faster GDP growth and a greater intensity of jobs and industry
than India as a whole. Mr Modis reputation for clean government and economic
competence rests on his record here. When Indians voted for him in great numbers last
May, it was in large part because they wanted the country run as Gujarat is. His impact
on the state is nevertheless contested. It is helpful, say Mr Modis critics, that he built a
platform for a career in national politics in a state that already had deep roots in
commerce (the Mafatlal textile plant, an hours drive south of Ahmedabad, for instance,
recently celebrated its centenary). What is clearer is that Mr Modis time in Gujarat
offers a guide to his approach to the bigger job of fixing Indias economy.

Start with the record, which shows that Gujarat punches above its weight. With just 5%
of Indias population and 6% of its land mass, it accounts for 7.6% of its GDP, almost a
tenth of its workforce, and 22% of its exports. Climate and geography pushed it towards
commerce. Poor rainfall made it hard to scratch out a living in farming; a long coastline
favoured international trade. Today a quarter of Indias sea cargo passes through its
ports. Even if Mr Modi cannot claim much credit for Gujarats natural endowments, the
states annual GDP growth under his watch from 2001 until 2012 averaged almost 10%,
a faster rate than India as a whole (see chart). Other exporting states, such as
Maharashtra and Tamil Nadu, also did well. But sustaining rapid growth in any of Indias
richer states is not a feat to be sniffed at.
Where Gujarat noticeably came up short is in poverty reduction, reckons Reuben
Abraham, of the IDFC Institute, a think-tank. Other states of similar rank made greater
inroads into cutting poverty rates between 1993 and 2012, he finds, though only three
can boast a lower level of poverty. Mr Modis biggest feats were tangible, says Mr
Abraham, the kind of improvements that migrant workers tend to notice, and report back
to their relatives. The roads through and around Ahmedabad are excellent. The state
has moved from a deficit in electricity generation, in 2002, to a surplus, despite the
energy demands of a booming economy. Its 18,000 rural villages are connected to the
grid. Water supply is abundant.
This emphasis on basic infrastructure, a hallmark of the Gujarat model, extends to
making land easily available for commercial development. In 2008 Tata Motors switched
the site for the plant to make the Nano, a small car, from West Bengal to Sanand in
Gujarat after Ratan Tata, boss of the conglomerate parent, received an SMS message
from Mr Modi offering him a factory-ready plot for the firm and its suppliers. Bogged
down in messy land disputes at its initial choice of site, Tata Motors readily made the
switch. Others have since followed. Ford is opening a plant in Sanand later this year.
India sits a lowly 142nd out of 189 countries in the World Banks ease of doing
business rankings. But in Gujarat factories spring up more readily because permits,
licences and environmental clearances are granted quickly. This predates Mr Modis
time in office. Apollo, a big tyre manufacturer, opted in 1990 to build a plant in Gujarat in
part because clearances were less painful than elsewhere. Mr Modi added his own
twist. He saw that e-governance, the application of IT to the provision of government
services, could make civil servants more accountable and cut corruption. He thought of
it as synonymous with good governance, says S.J. Haider, secretary of IT for the
government of Gujarat. Tata Consultancy Services, an IT-services firm, designed
systems for tracking state finances, documents within government offices and valueadded tax payments. Other states are now looking at adopting similar platforms.

A focus on basic infrastructure and public goods; a drive to make civil servants honest
and accountable; a penchant for IT; a flair for marketing to business investors. The
elements of Mr Modis brand of economics are not obviously those of Margaret Thatcher
or Ronald Reagan, to whom he has been compared by some commentators. Thatcher
wanted a small state. Reagan is held to have said that the nine most terrifying words in
the English language are: Im from the government and Im here to help. Mr Modi, by
contrast, believes government can be made to work better.
The Gujarat model is more about ideologically-neutral good governance than the sort
of big-bang reforms seen in 1980s Britain and America, says Vivek Dehejia, an
economist. What sets Mr Modi apart from many of his predecessors is his ability to
make a decision and be held accountable for it. But his record suggests those hoping
for big privatisations or bold labour reforms are likely to be disappointed.

Make in India: Government removes arbitrary

environmental clearance to facilitate projects
NEW DELHI: The NDA government has done away with an arbitrary environmental clearance mandated
by the UPA for building large factories that industry captains had red-flagged with the Prime Minister's
Office as a major deterrent for new investment projects. In a notification issued late last month,
the environment ministry has exempted the building of large industrial sheds, schools, colleges and
hostels of up to 150,000 square metres from seeking a prior green nod for construction.
In early 2013, the ministry had held that the building a factory was tantamount to undertaking
a constructionproject and stipulated a prior environment clearance for any such industrial building with a
built-up area of over 20,000 square metres.
The order, issued under the watch of controversial UPA environment minister Jayanthi Natarajan, had
jeopardised or scuttled several greenfield and brownfield investment plans of large manufacturing players,
including MNC auto makers as getting such a clearance takes two years in a best-case scenario.
The country's largest auto maker Maruti Suzuki India Limited was even prosecuted by the Haryana
government for starting work on its Rs 3,500 crore research and development facility in Rohtak without
this nod and had to turn to courts.
"The new norms would help businesses build larger factories that enjoy economies of scale much faster,"
said a senior vice president of Indian subsidiary of a global auto player. "This green hurdle had made it
difficult to build any plant over 5 acres of land and had forced some investors to explore alternate
production hubs with lesser red tape as their return on investments shrinks with every month of delay," he

Two weeks before PM Narendra Modi launched the Make In India campaign in September last year, the
environment ministry steered by Prakash Javadekar had declared its intent to roll back this norm.
The ministry had initially proposed that such a prior environmental clearance would only be required
forprojects over 20,000 square metres that involve residential or commercial buildings, hotels, hospitals
and information technology or software development units and parks.
However, it has opted to go for a negative list of projects in the final notification issued on December 22,
stating that advance environmental clearances are not required for industrial sheds, schools, colleges and
hostel for educational institutions. At the same time, the ministry said such new buildings must ensure
environment management by putting in place systems for rainwater harvesting, solid and liquid waste
The new norms also suggest that investors 'may use recycled materials such as fly ash bricks' for building
new factories, according to the notification reviewed by ET.

Narendra Modi's 'Make in India' campaign will stabilise

economy: UK MP Priti Patel
AHMEDABAD: Admiring Indian Prime Minister Narendra Modi's clarion call of 'Make In India', United Kingdom's
Member of Parliament Priti Patel said here today that the initiative would provide India a stable economy.
"Make in India and Clean India are very important social campaigns. He (Modi) speaks about these campaigns
frequently," Patel said.
Patel also admitted that she is a great admirer of Modi as he has clear vision and aim.
" As the Chief Minister of Gujarat, he transformed Gujarat's economy. He has a clear vision and a clear aim that
reflected in his speeches," Patel said.
Patel said that the UK would strengthen its ties with India and work "shoulder to shoulder" with the "progressive"
Indian government.
Patel said that there is a misconception among people about issuing visas to Indian students and that bogus
universities and colleges, where Indian student ..

China think tank warns of India's new arms potential

under PM Narendra Modi
BEIJING: With India pitching for self- reliance in defence sector, Chinese strategic analysts have
cautioned the government about India's new arms potential especially its growing military cooperation
with Vietnam and the Philippines in China's backyard.

"(Prime Minister Narendra) Modi has ambitions to strengthen his country. Keen to ramp up India's
economy, Modi launched the 'Make in India' campaign in a bid to attract international businesses to invest
and manufacture in his country. But his vision of forging a strong India goes beyond that," an article by a
think tank in state-run Global Times said today.
Modi made a strong pitch for a comprehensive self-reliance in national defence production while
dedicating India's second aircraft carrier INS Virkamaditya in June last year.
"What's more, even given the fact that India is the world largest arms importer accounting for 14 per cent
of the global arms imports, Modi thinks big and is trying to reverse the trajectory and turn India into an
arms exporter," the article titled 'Stay alert to India's new arms potential' said.
"Toning up India's muscle for self-defence is one thing, but perhaps Modi has other motives by selling
made-in-India weaponry," it said, referring to the sale of India's first indigenously made warship to
Mauritius which it said has evoked interest to Southeast Asian countries like Vietnam and the Philippines.
Both Hanoi and Manila are currently pitted against China over the South China Sea dispute.
While keeping a wary eye on India's forays into East Asia, Chinese strategic analysts play down China's
big push into South Asia, especially the Indian Ocean where Beijing built up significant influence in Sri
Lankaand Maldives with aid and military assistance.
"Kolkata-based defence shipyard is gearing up to build four offshore patrol ships for Vietnam, a new step
of military cooperation beyond submarine and fighter training.
"What's more, it is bidding for a USD 400 million project to build two frigates for the Philippines. Targeting
its potential consumers in Southeast Asia, India is trying to kill two birds with one stone," the article said.
The think tank said that "New Delhi's 'Look East' policy is shifting to 'Act East', and it wants to pivot to the
Asia-Pacific region."
India's growing military cooperation with Vietnam and the Philippines, though still at a low level and
without solid strategic purpose at present, is part of its effort to seek such a pivot, it said.
"However, given that it is exporting less advanced weaponry to these countries, India is being prudent in
increasing its military presence in this region. India must have realised that the export of highly advanced
arms such as strategic missiles will pose real threats to China's security," it said.
The article said that so far "India has no capability to get seriously involved in the South China Sea issue.
Otherwise, such an aggressive push will only meet China's countermeasures."
"Therefore, for now, India's arms export, although directed to Hanoi and Manila, is fundamentally a
business-driven activity. It sees developing countries needing to update their weaponry as the biggest
potential customers," it said.

"As ambitious as it is, India is much less qualified as a real arms exporter compared with the US, Russia
and even China. The crux rests on its vulnerable industrial system and manufacturing capability. But it
doesn't mean that India won't be a competitive player in this field in the future," the article said.
"In this case, China should stay alert to India's moves in the South China Sea because of the possibility
that India can transfer the business-oriented arms trade into a strategic action aimed at China," it said.

PM Narendra Modi's 'Make in India' pitch to extend red

carpet for investors
NEW DELHI: Prime Minister Narendra Modi will on Thursday roll out a red carpet to
industrialists, both domestic and international, inviting them to make India a
manufacturing hub that will help boost jobs and growth.
Before he embarks on his high profile US visit slated from September 26-30, Modi will
launch the 'Make in India' campaign at a mega event here on Thursday in the presence of
leading industrialists and business leaders.
The campaign is aimed at making India a manufacturing hub, and the government is pulling
out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to
answer queries of business entities within 72 hours. It will also closely monitor all
regulatory processes to make them simple and reduce the burden of compliance.
"The government is committed to chart out a new path, wherein business entities are
extended red carpet welcome in a spirit of active cooperation. Invest India will act as the
first reference point for guiding foreign investors on all aspects of regulatory and policy
issues and to assist them in obtaining regulatory clearances," said an official statement.
Various prominent national and international industry leaders are likely to attend the
programme to launch the campaign along with ministers, senior officials, ambassadors and
opinion leaders.
The government has identified 25 key sectors in which our country has the potential of
becoming a world leader. The Prime Minister will be releasing separate brochures for these
sectors along with a general brochure.
The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles,
ports, aviation, leather, tourism and hospitality, wellness, railways among others will
provide details of growth drivers, investment opportunities, sector specific FDI and other
policies and related agencies.
Investor facilitation cell will provide assistance to the foreign investors from the time of
their arrival in the country to the time of their departure, with focus on green and advanced
manufacturing and helping these companies to become an important part of the global
value chain.

The campaign will be launched at national as well as state level and in missions abroad. It
will target top companies across sectors in identified countries. It also aims to identify select
domestic companies having leadership in innovation and new technology for turning them
into global champions.
The initiative has its origin in the Prime Minister's Independence Day speech where he gave
a clarion call to 'Make in India' and 'Zero Defect; Zero Effect' policy.
A dedicated cell has been created through the web portal (www.makeinindia.com) to answer
queries from business entities. While an exhaustive set of FAQs on this portal will help the
investor find instant answers to their general queries, the back-end support team of the cell
would be answering specific queries within 72 hours.
A pro-active approach will be deployed to track visitors for their geographical location,
interest and real-time user behaviour. Subsequent visits will be customised for the visitor
based on the information collected. Visitors registered on the website or raising queries will
be followed up with relevant information and newsletter.

3 things Modi must fix for the success of 'Make in


Last Friday, the governor of the Reserve Bank of India (RBI), Raghuram Rajan, fired
off another clever but misdirected argument, this time about Make in India.
A few weeks ago he blamed various businesses and bad laws but not public sector
bankers themselves, or the RBI for allowing bad loans to balloon.
This time he pointed out that Narendra Modis Make in India campaign should be
suitably modified to Make for India.
His short point was that if the Make in India slogan is supposed to mean pursuing
export-led growth, that will not be easy because of slow global growth.
Indeed in the last decade, even as China developed on the back of its exports to
industrial countries, other emerging markets flourished as they exported to China.
Emerging markets now have to rely once again on domestic demand.

While this may be correct in a narrow, immediate sense, it is an irrelevant argument

from the policy perspective.
Manufacturing for exports or for domestic markets are merely outcomes of the way the
government manages the economy.
If the economy is mismanaged, specific policies that try to boost either of them will not
Indian businesses need not be told to Make for India. They will anyway do that. Thats
their business.
Domestic demand is what they service and all domestic players are operating in the
same local cost structure.
If costs rise, they will all try to pass on the costs to buyers and carry on as before.
Indeed the real issue is neither Make in India nor Make for India. It is the cost of doing
If that is high, domestic buyers pay too high a price and the market does not expand,
depriving businesses of economies of scale, which can push down costs further.
The same high cost of doing business makes exports uncompetitive whether the
global market is conducive to it or not.
So we need to shift the debate beyond this slogan or that, and discuss long-term
prescriptions for boosting manufacturing whether for exports or for domestic
demand. The answer to both is the same: lower costs to doing business.
Businesspeople need the freedom to make or service anything easily, anywhere, at a
reasonable cost in a competitive environment.
If this happens, Indian business will boom, jobs will be created and exports will rise.
Reasonable cost at a competitive environment is almost entirely influenced by
macroeconomic decisions. The question is, has the government even acknowledged this
and started to move in this direction? The most charitable answer is, we dont know.

Since this government is not exactly reticent, we can even conclude nothing much has
happened so far.
We all know that government dominates our lives in every possible way. The result is
that the main factors of production are made expensive by the government, making
India a high-cost economy.
Take a look at these three issues:
Human resources
Indias education system is a mess. India needs millions of skilled workers, coming out
of thousands of Industrial Training Institute-type of establishments not run by the
When people come out of college, they are unemployable. They may be repaying a big
education loan, too, which has to be built into the compensation, pushing costs up
We also need good quality basic education. All these are directly influenced by the
government often by the state government.
There is no game plan to set all this right while the government is distracted by many
irrelevant issues. Skill development is being talked about, but there is little progress.
Real estate
While reams have been written about the problems of the land acquisition Act, this is a
problem only for expansion and large new businesses.
A much bigger contribution to high cost of operations comes from the exorbitant cost of
real estate in India, relative to its level of development.
Millions of businesses have to buy either a high-cost property or pay high rent, making
their products costlier.
There is no game plan to bring down real estate prices, which will be the biggest boost
for consumers and businesses alike.

Foreign companies can bring their capital and large Indian companies have access to
lower-cost capital from local and global sources.
But everybody else, including consumers, have to borrow at high rates from Indian
Here, the government is keeping the cost of capital high in two ways.
One, by not insisting that the RBI allow many more banks to come in, which will create
competition to supply capital and lower the cost of capital.
Two, by remaining the biggest borrower of capital, setting a benchmark of sorts for high
interest rates.
These are mere pointers. There are many other ways the government is making Indian
companies uncompetitive.
Without the Modi team making a thorough analysis of this and taking publicly declared
corrective steps, Make in India or Make for India will remain empty slogans.

Make in India
Make 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[clarification needed], 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[clarification needed] in the country and improve services by partial
privatization of loss-making[clarification needed] government firms. The campaign is completely under control of
the Central Government of India. [1][2][3]


Prime Minister Narendra Modi launchesMake in India

Modi and Cabinet ministers at the concluding session of the National Workshop on Make in India in New Delhi,
December 2014.

The major objective behind this initiative is 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.[4][5]
The highlights and purpose of Make in India include making India a manufacturing hub and
economic transformation in India while eliminating the unnecessary laws and regulations, making
bureaucratic processes easier and shorter, and make government more transparent, responsive and
accountable.[6] and a government emphasized upon the framework which include the 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.[7]