Make in India - Everything you need to know

 

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What is Make in India Programme?

Make in India is a flagship initiative launched by the Indian government in 2014 to promote manufacturing and attract foreign investment. The program aims to encourage domestic and international companies to invest in India, create jobs, and increase the country's manufacturing capabilities. The initiative covers 25 sectors of the economy, including aerospace, automobiles, biotechnology, and textiles, and offers various incentives and reforms to facilitate investment and ease of doing business in India.

 

What are the 4 pillars of Make in India?

The four pillars of the Make in India initiative are:

New Processes: This pillar focuses on simplifying the regulatory framework and improving the ease of doing business in India. It includes reforms such as single-window clearance, digitization of government processes, and streamlining of regulatory approvals.

Infrastructure Development: This pillar aims to enhance the country's infrastructure, including the development of industrial corridors, smart cities, ports, and airports. It also includes initiatives to improve connectivity and logistics infrastructure.

Skilled Workforce: This pillar focuses on developing a skilled workforce in India. It includes initiatives to improve the quality of education and vocational training, as well as programs to encourage entrepreneurship and innovation.

Investment Promotion: This pillar aims to promote India as a preferred investment destination for both domestic and international investors. It includes initiatives to attract foreign investment, provide incentives to investors, and promote Indian brands globally.

 

What are the features of Make in India Programme?

Here are 20 features of the Make in India initiative:

1. Simplification of regulatory processes to make it easier to do business in India.
2. Single-window clearance for investors.
3. Digitization of government processes to reduce paperwork.
4. Reforms to enhance intellectual property rights protection.
5. Development of world-class infrastructure, including industrial corridors and smart cities.
6. Encouragement of innovation and entrepreneurship.
7. Enhancement of vocational training and skill development programs.
8. Promotion of green technologies and clean energy.
9. Increase in foreign direct investment (FDI) caps in various sectors.
10. Investment in defense manufacturing.
11. Expansion of the aviation and aerospace sectors.
12. Development of a vibrant textile industry.
13. Promotion of the pharmaceutical and biotechnology industries.
14. Expansion of the automotive sector.
15. Focus on electronics manufacturing and digital technologies.
16. Improvement of the power sector to provide uninterrupted electricity.
17. Encouragement of the manufacturing of renewable energy equipment.
18. Promotion of the food processing industry.
19. Creation of an efficient logistics and supply chain infrastructure.
20. Expansion of the tourism and hospitality sectors.

 

Who launched Make in India?

Make in India was launched by the Prime Minister of India, Narendra Modi, on September 25, 2014. The initiative was launched to promote manufacturing and boost the Indian economy.

 

What is the main aim of Make in India?

Here are 20 goals of the Make in India initiative:

1. Increase the share of manufacturing in India's GDP from 16% to 25%.
2. Create 100 million new jobs in the manufacturing sector by 2022.
3. Attract foreign investment and make India a global manufacturing hub.
4. Develop world-class infrastructure, including industrial corridors and smart cities.
5. Encourage innovation and entrepreneurship in India.
6. Develop a skilled workforce through vocational training and education.
7. Promote green technologies and clean energy.
8. Increase the share of exports in India's GDP.
9. Expand the automotive sector and make India a global hub for automobile manufacturing.
10. Promote the pharmaceutical and biotechnology industries.
11. Expand the aviation and aerospace sectors.
12. Increase investment in the defense manufacturing sector.
13. Make India a global hub for textile manufacturing.
14. Focus on electronics manufacturing and digital technologies.
15. Increase the use of renewable energy sources.
16. Develop a vibrant food processing industry.
17. Promote the development of world-class logistics and supply chain infrastructure.
18. Increase tourism and hospitality sector growth.
19. Develop a favorable investment climate and ease of doing business.
20. Improve the overall economic competitiveness of India.

 

What is the motto of Make in India?

The motto of Make in India is "Come, Make in India", which encourages domestic and international companies to invest in India and manufacture their products in the country.

 

What are the benefits of Make in India?

Here are 20 benefits of the Make in India initiative:

1. Creation of new jobs in the manufacturing sector.
2. Boost to the Indian economy and GDP growth.
3. Increased investment in the country, including foreign investment.
4. Development of world-class infrastructure.
5. Increased competitiveness of Indian businesses in global markets.
6. Encouragement of innovation and entrepreneurship.
7. Development of a skilled workforce through vocational training and education.
8. Increased exports and reduction in the trade deficit.
9. Development of new technologies and capabilities.
10. Creation of a favorable business environment and ease of doing business.
11. Increased efficiency and productivity in manufacturing processes.
12. Development of new industrial clusters and Special Economic Zones (SEZs).
13. Growth of small and medium-sized enterprises (SMEs) in the manufacturing sector.
14. Enhanced intellectual property rights protection.
15. Promotion of green technologies and clean energy.
16. Increased investment in the defense manufacturing sector.
17. Development of a vibrant textile industry.
18. Expansion of the automotive sector and creation of new jobs.
19. Improved availability of affordable and high-quality goods for Indian consumers.
20. Increased foreign exchange earnings for the country.

 

What are the 25 sectors of Make in India?               

Here are the 25 sectors of the Make in India initiative along with their respective ministries:

1. Aerospace and Defense: Ministry of Defense
2. Automobiles: Ministry of Heavy Industries and Public Enterprises
3. Biotechnology: Department of Biotechnology
4. Chemicals: Ministry of Chemicals and Fertilizers
5. Construction: Ministry of Urban Development and Ministry of Housing and Urban Poverty Alleviation
6. Electronic Systems: Ministry of Electronics and Information Technology
7. Food Processing: Ministry of Food Processing Industries
8. Gems and Jewellery: Ministry of Commerce and Industry
9. Healthcare: Ministry of Health and Family Welfare
10. IT and BPM: Ministry of Electronics and Information Technology
11. Leather: Ministry of Commerce and Industry
12. Media and Entertainment: Ministry of Information and Broadcasting
13. Mining: Ministry of Mines
14. Oil and Gas: Ministry of Petroleum and Natural Gas
15. Pharmaceuticals: Department of Pharmaceuticals
16. Ports and Shipping: Ministry of Shipping
17. Railways: Ministry of Railways
18. Renewable Energy: Ministry of New and Renewable Energy
19. Roads and Highways: Ministry of Road Transport and Highways
20. Space: Department of Space
21. Textiles and Garments: Ministry of Textiles
22. Tourism and Hospitality: Ministry of Tourism
23. Wellness: Ministry of AYUSH
24. Chemicals and Petrochemicals: Ministry of Chemicals and Fertilizers
25. MSME: Ministry of Micro, Small and Medium Enterprises.

 

What is the criteria for Make in India?

The main criterion for the Make in India initiative is to promote manufacturing in India by encouraging both domestic and foreign companies to invest in the country, establish manufacturing facilities, create jobs, and contribute to the growth of the Indian economy.

To support this objective, the government has implemented various reforms and measures to improve the ease of doing business in India, including streamlining regulatory procedures, simplifying tax laws, and improving infrastructure.

 

What is the impact of Make in India?

The Make in India initiative has had a significant impact on the Indian economy and the manufacturing sector. Some of the key impacts include:

1. Boosting the manufacturing sector: The Make in India initiative has led to an increase in the manufacturing sector's contribution to India's GDP and has helped to create jobs in the sector.
2. Increase in foreign investment: The initiative has attracted significant foreign investment, with many global companies establishing manufacturing facilities in India.
3. Improvement in infrastructure: The government has focused on improving infrastructure, including the development of industrial corridors, smart cities, and transportation networks.
4. Promoting innovation and entrepreneurship: The initiative has encouraged innovation and entrepreneurship, with many startups emerging in the manufacturing sector.
5. Enhancing India's competitiveness: The initiative has helped to enhance India's competitiveness in the global market, with many Indian companies becoming more competitive on a global scale.
6. Improvement in the ease of doing business: The government has implemented various reforms to improve the ease of doing business in India, which has helped to attract more investment and promote growth in the manufacturing sector.
7. Creation of job opportunities: The Make in India initiative has led to the creation of new job opportunities in the manufacturing sector, which has helped to reduce unemployment in the country.

Overall, the Make in India initiative has had a positive impact on the Indian economy, promoting growth, and helping to establish India as a global manufacturing hub.

 

What are the achievements of Make in India?

Here are 10 achievements of the Make in India initiative:

1. Increase in Foreign Direct Investment (FDI): The initiative has led to a significant increase in FDI inflows, with India becoming one of the top destinations for foreign investment.
2. Rise in Manufacturing Sector Growth: The Make in India initiative has helped to boost the growth of the manufacturing sector in India, contributing to India's economic growth.
3. Ease of Doing Business: India's rank in the World Bank's Ease of Doing Business Index has improved significantly due to the initiatives undertaken as part of the Make in India campaign.
4. Increased Exports: The initiative has helped to promote exports from India, with Indian companies becoming more competitive in global markets.
5. Job Creation: The initiative has led to the creation of new job opportunities in the manufacturing sector, contributing to the reduction of unemployment in the country.
6. Growth in Defense Manufacturing: The Make in India initiative has helped to promote defense manufacturing in India, reducing India's dependence on foreign imports and contributing to self-sufficiency in defense production.
7. Promoting Renewable Energy: The initiative has encouraged the growth of the renewable energy sector in India, with India becoming one of the largest producers of renewable energy in the world.
8. Investment in Infrastructure: The initiative has led to increased investment in infrastructure development, including the development of industrial corridors, transportation networks, and smart cities.
9. Encouraging Innovation and Entrepreneurship: The Make in India initiative has helped to promote innovation and entrepreneurship in the manufacturing sector, leading to the emergence of new startups and businesses.
10. Promoting Skill Development: The initiative has focused on promoting skill development in the manufacturing sector, creating a more skilled workforce and enhancing the competitiveness of Indian companies in global markets.