SHORT PPT ON MAKE IN INDIA

1. MAKE IN INDIA

2. WHAT IS IT ALL ABOUT
• An initiative to promote manfacturing within the country to
meet the domestic as well as global demands.
• Aims to grow manufacturing sector from 16 to 25 % share in
the national GDP as per other asian counterparts.
• It provides the manufacturers both national and multinational an
oppurtunity to invest in sectors such as
automobiles,railways,infrastructures,defence, space,food
processing etc.
• It aims to improve the ease of doing business in the country by
reforming the land bill,labour related issues ,fast approval of
development projects etc.
• In the process,the govt. expects to generate jobs,attract much FDI
and transform india into a manfacturing hub.

3. WHY MAKE IN INDIA
• Trade deficit – we import more than what we export which brings
down the foreign reserves ,rupee value in currency market and finally it
weakens the economy.
• Unemployment-despite 40% youth population ,a large workforce is
still unemployed.
• Rising demand for goods and services-with growing
population the demands too are increasing ,we have to expand the
manufacturing sector to supply the demand.
• Skill development-by helping manufacturing sector we can
make our workforce more skilled.
• Sluggish economic growth-without manufacturing an
economy can’t grow. It has the potential to push the economic
growth rate forward by 1-2 %.

4. Steps taken
• Creating conductive environment-developing industrial
corridors and smart cities with state of the art technology and
facilities.
• Roping in foreign direct investments- raising FDI cap
limit upto 49 % in defence ands like 100% in sectors like railways.
• Target specific approach-25 ministries are working
collectively to achieve sector specific targets .
• Investor facilitation cell- to guide and assist first time
investors .
• Online and faster clearances from ministries-
reduction in no. of documents for foreign trade and application for
environment clearances.

5. Pending reforms
• GST bill - not only provide a common market but makes
cost of production and competitiveness far more effective.It
also reduces logistics cost , transaction costs and time taken
in delivery of goods.Has been stuck in rajya sabha since last
may.
• Labour reforms-The govt. has failed to pass the labour
reforms which aims to improve their wage system,security
facilities and laws related to child labour and bonus payments.

6. Thanks