An Initiative undertaken by Govt of India. Investigating In depth progress made by Govt to promote make in India.

1. SHAPING THE

2. COMFORT OF DOING BUSINESS
• According to the World Bank’s ‘Doing Business 2014’ report, India is
ranked 134 out of 189 countries in the overall ease of doing business
• India lower than the other BRICS (Brazil, Russia, India, China and South
Africa) members and highlights its relatively dismal performance
•
It is a known fact that many entrepreneurs find it extremely difficult to set
up their manufacturing enterprise due to the stifling regulatory
environment and procedural hurdles

3. UNCERTAIN TAXATION ENVIRONMENT
• The nation’s taxation policy too can play a key role in boosting its
manufacturing sector
• The fear of an uncertain tax regime is the most frightful scenario wherein the
manufacturer feels dissuaded from investing into setting up new manufacturing
facilities or units
• India must not only ensure stable tax regime but aggressively view tax policy
not merely as a tool to generate revenues, but a key component of its overall
economic policy which could boost manufacturing activity

4. TOUGH LAND ACQUISITION
• The Land Acquisition Bill, which was passed during the previous UPA regime
sought to set a fair compensation for farmland being taken over for industrial
projects
• land acquisition difficult and the process hugely complex while slowing the
setting up of new industrial projects
• Without adequate land, new manufacturing units simply cannot come up

5. UNFAVORABLE GOVERNMENTAL POLICIES
• Favorable governmental polices and incentives are a norm world over to boost
local industry to increase manufacturing output
• Since the last many decades the industry has had to face unfavorable policies
that do little to boost local manufacturing
• It is because of being continuously ignored by successive governments that
the share of manufacturing sector in India’s GDP has remained static at about
16 per cent for over 30 years now

6. INADEQUATE INFRASTRUCTURE
• India suffers from inadequate infrastructure facilities such as poor power
supply at higher rates vis-à-vis China, awful logistics facilities and pathetic
transportation infrastructure
• Without adequate supporting infrastructure, it becomes difficult for Indian
manufacturers to compete with their global counterparts on price while
maintaining high quality benchmarks
• It is therefore important that adequate supporting infrastructure be created to
ensure success of local manufacturing
•

7. LOOKING AHEAD
• India’s manufacturing sector grew at its fastest pace in two years in
December 2014
• India Purchasing Managers’ Index (PMI) — a composite gauge designed
to give a single-figure snapshot of manufacturing business conditions —
stood at 54.5 in December, up from 53.3
• This clearly indicates that the recent governmental initiatives have begun
to show positive results