The presentation discusses India's "Make in India" campaign, which was launched in 2014 to promote manufacturing in India. It aims to transform India into a global manufacturing hub and improve the country's economic growth and development. The campaign focuses on 25 key sectors and aims to attract foreign investment, boost job creation, and improve skills training. It also outlines reforms to improve India's business regulations and processes to make it easier for companies to invest and produce goods in India. The goal is for India to increase its manufacturing contribution to the economy and become more competitive globally through this campaign.
2. INTRODUCTION
• Make in India, a type of Swadeshi movement covering 25
sectors of the economy, was launched by the Prime Minister
of India Mr. Narendra Modi on 25 September 2014 to
encourage companies to manufacture their products in India
and enthuse with dedicated investments into manufacturing.
• As a strategy it is the road map to respond to glocal (global +
local) challenges through preparations for a World class
manufacturing status & knowledge infrastructure that should
create further knowledge for stepping on to global
competitiveness.
3. WHY MAKE IN INDIA?
• Ultimate objective is to make India a renowned manufacturing hub for key
sectors.
• Companies across the globe would be invited to make investment and set
up factories and expand their facilities in India
• Using India’s highly talented and skilled manpower to create world class
zero defect products.
• The purpose of Make in India Campaign-
1. Job Creation
2. Economic Development
3. Global Recognition
Mission of Campaign:-
“Manufacture in India and sell the products worldwide.”
4. CONTRIBUTION BY VARIOUS SECTOR TO
ECONOMY
Agriculture,
28%
Service, 56%
Manufacturing,
16%
Agriculture
Service
Manufacturing
7. HOW THIS WOULD BE ACHIEVED?
• Skill development programs would be launched especially for people
from rural and poor ones from urban cities.
• 25 key sectors have been short listed such as telecommunications,
power, automobile, tourism, pharmaceuticals and others.
• Individuals aged 15-35 years would get high quality training in the
following key areas such as welding, masonries, painting, nursing to help
elder people.
• Skill certifications would be given to make training process, a standard.
Currently manufacturing in India suffers due to low productivity rigid laws
and poor infrastructure resulting in low quality products getting
manufactured.
• Over 1000 training centres would be opened across India in the next 2
years.
8. NEW INITIATIVES
• Process of applying for Industrial License & Industrial Entrepreneur
Memorandum made online on 24×7 basis through eBiz portal.
• Validity of Industrial license extended to three years.
• Major components of Defence products’ list excluded from
industrial licensing.
• Dual use items having military as well as civilian applications
deregulated.
• Services of all Central Govt. Departments & Ministries will be
integrated with the eBiz – a single window IT platform for services
by 31 Dec. 2014.
• Process of obtaining environmental clearances made online.
• All returns should be filed on-line through a unified form.
• A check-list of required compliances should be placed on
Ministry’s/Department’s web portal.
9. FOREIGN DIRECT INVESTMENT
• 100% FDI allowed in the telecom sector.
• 100% FDI in single-brand retail.
• FDI in commodity exchanges, stock exchanges & depositories, power
exchanges, petroleum refining by PSUs, courier services under the
government route has now been brought under the automatic route.
• Removal of restriction in tea plantation sector.
• FDI limit raised to 74% in credit information & 100% in asset
reconstruction companies.
• FDI limit of 26% in defence sector raised to 49% under Government
approval route. Foreign Portfolio Investment up to 24% permitted under
automatic route. FDI beyond 49% is also allowed on a case to case basis
with the approval of Cabinet Committee on Security.
• Construction, operation and maintenance of specified activities of Railway
sector opened to 100% foreign direct investment under automatic route.
11. CONCLUSION
• “Make In India is a Lion’s Step.”
• Make in India has come with lots of benefits and
advantages for the Indian Economy. Due to this fact
companies from across the globe making a huge
investment in Make in India project, and have thrived
successfully, making India a hub for the manufacturing
companies,