際際滷

際際滷Share a Scribd company logo

Make in india

Download as DOCX, PDF
P
Priyanshu Rana

The Make in India campaign was launched in 2014 by Prime Minister Modi to encourage international companies to manufacture their products in India. Its goals are to boost the economy, create jobs, and make India self-reliant. It aims to increase manufacturing's share of GDP to 25-30% by focusing on 25 sectors and developing industrial corridors and cities with a supportive business environment. Challenges include improving infrastructure, reducing taxes and regulations, boosting small businesses, and competing with low-cost manufacturing in China.

1 of 6
Downloaded 13 times
Make in India Introduction- 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] - 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 Facts- Contribution 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/opinion- on-make-in-indiacampaign/article6736040.ece

More Related Content

Make in india

  • 1. Make in India Introduction- 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] - 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.
  • 2. 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
  • 3. 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
  • 4. 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 Facts- Contribution in GDP of Manf. Sector 21.5 % Labor force in Manufacturing sector 20 %
  • 5. 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:-
  • 6. Good article to read - http://www.thehindu.com/opinion/lead/opinion- on-make-in-indiacampaign/article6736040.ece