The Make in India initiative was launched by Prime Minister Narendra Modi in 2014 to encourage companies to manufacture products in India. It aims to boost the manufacturing sector, increase employment, and reduce imports. The initiative focuses on 25 key sectors and hopes to attract investment, increase manufacturing GDP to 25% by 2022, and generate 100 million new manufacturing jobs. Challenges include lack of skilled labor, difficulties acquiring land, and infrastructure bottlenecks. However, companies like Lava Mobiles and Huawei have responded positively by establishing new manufacturing plants in India.
2. WHAT IS MAKE IN INDIA..??
• It is an initiative of the Government of India, to
encourage companies to manufacture their products
in India. It was launched by Prime Minister, Narendra
Modi on 25 September 2014
• Prime Minister Narendra Modi's call to make India a
manufacturing hub.
• The major objective behind the initiative is to focus
on 25 sectors of the economy for job creation and skill
enhancement. Some of these sectors
3. SECTORS
• Auto Components
• Automobiles
• Aviation
• Biotechnology
• Chemicals
• Construction
• Defence
• Electrical Machinery
• Electronic Systems
• Food Processing
• IT and BPM
• Leather
• Media Entertainment
• Mining
• Oil and Gas
• Pharmaceuticals
• Ports
• Railways
• Renewable Energy
• Roads
• Space
• Textiles
• Thermal Power
• Tourism
• Wellness
4. WHY MAKE IN INDIA
manufacturing in India
• meant to boost manufacturing sector
• Reduce the amount of imports
• Boost exports
• Increase in employment
• Improvement in infrastructure like road and transport, ports and
urban development
• To some extent improvement in education and lifestyle of
common man
5. POLICIES
• The initiative hopes to attract capital and technological
investment in India.
• An increase in manufacturing sector growth to 12-14% per
annum over the medium term.
• An increase in the share of manufacturing in the country’s Gross
Domestic Product from 16% to 25% by 2022.
• To create 100 million additional jobs by 2022 in manufacturing
sector
• Enhancing the global competitiveness of the Indian
manufacturing sector
6. ADVANTAGES
• Indians will get more jobs so less unemployment.
• Youngsters will not move abroad, they will not even have to move to
another city/state, all things they can get in their own city/state.
• We Don't have to pay to foreign brands, we should be paid by them.
• Rupee will get stronger & competitive against other currencies.
• Exporting rate will increase.
• But we have to keep mind that whatever product we
design/manufacture/develop we should focus more on quality rather
than quantity.
7. CHALLENGES
• Manufacturing sector demands highly skilled labour whereas
India lacks highly skilled labour force.
• Land acquisition for establishing manufacturing industries will
prove to be a tedious task for successful unfolding of this
campaign.
• India along with poor infrastructure lacks a proper logistical
network for the supply chain of components and materials
required in manufacturing industries.
• India has a myriad of infrastructural bottlenecks and to overcome
these it needs to invest $ 1trillion during 12th five year plan.
Generating such a huge capital will be a daunting task.
8. RESPONSES
• In October 2014, Lava Mobiles CMD Hari Om Rai said Lava will
start manufacturing from a Noida plant from April 2015
• In January 2015, the Spice Group said it would start a mobile
phone manufacturing unit in Uttar Pradesh with an investment
of Rs.500 crore
• In February 2015, Huawei opened a new research and
development (R&D) campus in Bengaluru
• In March 2015, Sony India's head, Kenichiro Hibi, said at
the Mobile World Congress that they may open a factory in India
9. CONCLUSION
• This idea caters not just for large manufacturing within the
country but also enough for India to export
• About a 100 million jobs could be created in the manufacturing
sector
• The fastest developing nation could become a competitor to the
developed countries as manufacturing industries are the
backbones of country’s growth