Make in India initiative

Introduction 

• Make in India is a revolutionary movement launched in 2014 aimed to increase job creation and skill enhancement in India while increasing the number of manufacturing industries. The aim of this movement is to motive the companies to produce and manufacture their products in India. The motive also includes improving the quality of products and decreasing the impact of manufacturing process on the environment.

• Along with the movement, a slogan named ‘Zero Defect Zero Effect’ was launched by Prime Minister Narendra Modi that focused on the product quality and emphasized that no product should be defective and should also not affect the environment in an adverse way.

Current scenario

• After the launch of the Make in India movement, $250million investment commitments and inquiries came and as a result, India rose to the top position at a global level for foreign direct investments surpassing US and China with a whooping amount of $60 billion. To encourage this movement, some states also launched their special make in India movements.

• Under the make in India movement was released the make in India week event was launched on 13th February 2016. In this event, 2500+ international and 8000+ domestic delegates of foreign direct investment took part. This event received over $230billion of investment inquiries.

about Make in India movement

• Under the make in India movement, Maharashtra alone received $120 billion investment inquiries.

• The make in India movement includes sectors like automobile, automobile components, aviation, biotechnology, construction, defense manufacturing.

• The aim of this movement was to enrich India’s capabilities amid the partners located abroad, among the Indian business community and specially with the Indian citizens.

• For promoting the campaign, special mobile applications were developed.

• The department of industrial policy and promotion DIPP collaborated with some reputed brands to build a refreshing infrastructure to provide information.

• The brochures and applications were designed to showcase the facts, figures, initiatives, contact details and other such information about the campaign.

• Make in India movement is a collaborative and combined approach. along with DIPP, there were some powerful collaborations made with other brands and organizations to empower the movement DIPP invited Union ministers, secretaries to the government of India, industry leaders, knowledge partners, government officials and state governments to participate in the campaign.

• A workshop was conducted to gather the secretaries and industrialists to prepare an action plan for 3 years regarding manufacturing. The aim behind this workshop was to increase the outcomes of the manufacturing industry to 25% of the GDP.

• The manufacturing infrastructure has witnessed a huge growth since the launch of this movement. The key sectors that reflected maximum benefit were the railway sector, defense, insurance and medical sectors.

• Also, a workshop named ‘Make in India- sectorial perspective and initiatives’ was launched in 2014 in which, a 3 year plan was made to boost investments in targeted 25 sectors.

• An investor facilitation cell was formed in 2014. This cell was made to assist the investors in finding the regulatory approvals and services during the investment period, during the execution and post execution phases.

• Indian embassies were also informed about the foreign investment and motives of the campaign.

• Also, this campaign in India gained a lot of proposals from Japan and thus, a special team was designed to track and monitor all the proposals from Japan. This team is known as ‘Japan plus’ This team provides quick investment proposals from Japan and offers immense support to the Japanese companies looking forward to establish themselves in the Indian market.

• Sectors like railway, defense, space etc. were made open for investment and different policies were relaxed.

Conclusion:

•  Due to make in India movement, the credibility of India has increased at an intense level. The project has contributed in empowering different sectors and Indian economy by grabbing attention of a lot of foreign investors. The movement is working at the desired momentum and is also reflecting desired success rate.