Make in India: An Overview

“India must be developed from ignited minds,” said Dr. A.P.J Abdul Kalam.

 

“Come, make in India. Sell the products anywhere in the world but manufacture here,” exhorted our prime minister to make India a global manufacturing powerhouse. Make in India is a programme which was launched by Prime Minister Narendra Modi on September 25, 2014 with the objective of job creation and skill enhancement. It specifically focuses on 25 sectors including automobiles, chemicals, technology, tourism, manufacturing etc.make-in-india Make in India: An Overview

My question is, whether our laws and processes, as existing, are consistent with our new ambition to make in India? Will make in India campaign succeed? But before that,  how do you define success of a country?Is it the high GDP or FDI alone that determine the success of a nation? ‘No’. A country becomes economically successful when all people, especially the poor, get access to basic facilities and earn enough to sustain themselves. Our aim must not be a bigger GDP but a better GDP that will cater to the needs of all the citizens especially the poorer and weaker section of our country. The motive of Make in India is to accelerate manufacturing and to use this as a driver to create productive jobs and remove poverty on a sustainable basis. Our FDI has gone up to 49% and industrial production has increased from a mere 0.6% to 2.7%. The investments made by many international companies like BMW, Tetrapak, Ericsson,  in the automobile industry, Air bus group, Boeing in the aviation sector, Foxconn,  Xiaomi, in the electronic sector led to 60% localization. And most importantly, our defence sector has been strengthened by the corporation of German defense major TKMS and Russian Company Kamov that may reduce terrorism. India ranked the No.1 investment destination in the world as per the 2015 Baseline Profitability Index (BPI). Also, Make in India has collaborated with Franklin Templeton’s ‘Build India’ project to provide basic facilities for the common men.make-in-india_1 Make in India: An Overview

In the recent ease of doing business index, India ranks 134th out of 189 and to tackle this situation, Make in India has introduced firstly, an investment cell that may balance the fluctuations in monetary value, secondly, an online portal for consolidated services and thirdly, easing of policies by passing the Factories Amendment Bill and the Apprentice Amendment Bill of 2014.

Make in India promotes domestic enterprises, agriculture, mining etc. It has also launched the Start-Up India Stand Up India programme and Skill India mission for producing skilled labour force attaining a paradigm that I call responsible competitiveness.

And industrialization can improve infrastructure. Look at Jamshedpur, a city built by the Tatas over 100 years.  Make in India promotes smart cities, 46% boost for road infrastructure, 100% FDI for railways and so on.

0ffe932 Make in India: An Overview

The key concept of Make in India is sustainable development including cycling & pedestrian modes, recycling and reuse of water and solid wastes, use of renewable energy, conservation of agricultural land & sensitive natural environment. Make in India aims at sustainable development to prevent environmental problems and it has the potential to re-engineer systems, policies and process. The changing government is obliged to sustain this campaign.

 

Make in India will certainly lead to the craze for foreign brands and westernization which may lead to lower demand for Indian brands. Commitment to build 100 smart cities is one of the striking features of Make in India. Smart cities denote a high standard of living.

images (6) Make in India: An Overview

Another question is about the consistency of Make in India. With the change of government comes the change of plans, invasion of corruption, inaction and finally the destruction of that plan. The question is, if the government changes after 5 years, will make in India sustain as a successful campaign with the good intention with which it was introduced?

The stock exchange that boomed from the day the current government hailed into position has dipped since it hit an intraday high of 30,000 in March. In the beginning, Make in India kick started with a great vision but then the transformation of this vision into action became painfully slow. Right now, there is more talk and less action and at this stage, Make in India is a mere slogan.

To draw an all inclusive economic plan for a large country like India is quite a difficult task and Make in India has taken up that challenge to change our country. And to expect that change within just one year is unrealistic.

To conclude, let me quote the words of our commerce minister Nirmala Sitharaman, “Make in India is not a slogan but a mission to be accomplished by a single-minded commitment”images (7) Make in India: An Overview

Please follow and like us:
Make in India: An Overview 0

Leave a Reply

Your email address will not be published.