1. M A D E I
N
I N D I A
B Y- YA S H I K A
G U P TA
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.
4. 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.”
5. 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
6. 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.
7. 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.
8.
9. “
CONCLUSIO
N
• “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,