Make in India Essay

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Make in India Essay 250 Words

Make in India campaign was launched on 25th of September in 2014 to make India a global manufacturing hub. It is aimed towards job creation and rapid economic growth. Manufacturing sector contributes around 17% in our GDP. This initiative will utilize the talent, skill, discipline, and determination of youths of India. This campaign provides investors with a favourable opportunity to come to India and invest in various manufacturing sectors. India will be the youngest nation with 65% of its population below 35 years of age.

This initiative will reduce unemployment by bringing development and growth-oriented employment through his effective governance. It will target 25 sectors of the economy like automobile, mining, electronics etc. It will provide employment to more than 10 million people. By providing employment, this initiative will reduce poverty and other social issues in India.

Make in India will reduce India’s dependence on imports. It has already attracted a huge response from various countries. India has become a leading manufacturing hub in electronic items. Implementation of GST and ease of doing business rules have provided impetus to this initiative. It also faces some hurdles like red tapism, providing environmental clearances and getting land for big projects. Rising competition from China, the US and Japan is also a challenge.

Other initiatives like GST, Skill India and effective policy implementation should work together for making this unprecedented initiative a success. The government should provide a transparent and easy business module to attract foreign investors. We have to strike the right balance between industries and the environment. Make in India scheme will surely transform India into a manufacturing giant and improve our economy.

Make in India Essay 300 Words

Make in India is one of the flagship programmes of our government intended to boost the domestic manufacturing industry and attract foreign investors to invest in India. Manufacturing currently contributes approximately 16% to the national Gross Domestic Product (GDP) and the target is to take it to 25%.

Make in India focuses on 25 sectors of the economy. This emphasis on manufacturing will serve several objectives. First, it will create job opportunities within the country. Second, it will boost Foreign Direct Investment (FDI) thereby bringing development. Third, it will minimize the imports of various products and so it will mitigate the pressure on our trade deficit. Fourth, it will augment our exports and lastly, it will help in bringing the latest technologies into the country.

India is a country rich in natural resources. Labour is available in plenty and skilled labour is also readily available given the high rates of unemployment among the educated class.

There are several challenges in the way of this highly beneficial programme. The investors are wary of prevalent labour laws and bureaucratic hassles in India. At present, we are also lagging in terms of technological advancement and the quality of our products. Infrastructure is also a major concern. Chronic deficiencies in transportation and power impose prohibitive costs.

The government has taken a number of steps to improve the ease of doing business in the country. Rules and procedures are being simplified. A number of sectors have been opened up for FDI. An Investor Facilitation Cell has been created to guide the first time investors.

Sound, sustained and coherent policies are required to help the youth get good job opportunities, increase and diversify the manufacturing base and bring economic prosperity to the nation.

Make in India Essay 350 Words

Make in India is an initiative launched by the Government of India to encourage multi-national companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014. This initiative targets 25 sectors, viz. automobile components, aviation, biotechnology, chemical, information technology etc. The Make in India website highlights each of the 25 target sectors with statistics, reasons to invest, government support & policies relevant to investors.

Through this initiative, Government expects to generate jobs and mitigate poverty. It will also help in reducing brain drain and improving Balance of Payments and foreign exchange reserves. Foreign investment will bring technical expertise and creative skills along with foreign capital.

In 2015 India emerged as the top destination for foreign direct investment by receiving US$63 billion, surpassing USA and China. Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution. The government is targeting to achieve net zero imports of electronics by 2020.

If we look at the other side of the coin, labour reforms and policy reforms which are fundamental for the success of the Make in India campaign have not yet been implemented. A number of technology-based companies have not been enthused by the campaign launch and continue to get their components manufactured by China. Land acquisition & environmental clearance have been contentious issues for many projects.

Only with appropriate economic & labour reforms in place and simplification of rules & procedures to do business in India, Government can envisage itself to become a powerhouse of the manufacturing sector in the world which is the ultimate aim of Make in India campaign.

Make in India Essay 400 Words

Make in India program was launched on 2014,25 September in New Delhi at Vigyan Bhawan. Along with campaign the symbol for this initiative was launched. It is a giant lion which is derived from the national emblem of India. A giant lion having many wheels which indicate peaceful process, courage, strength, wisdom and way to the vibrant future.

The basic aim of launching this particular campaign in India is to make India a world level manufacturing powerhouse. A distinction of global manufacturing hub which will definitely help in solving the biggest issue of Indian economy.

It is an initiative campaign run by the government of India with new deals to cheer up multinational companies as well as domestic companies at national and international level in order to manufacture products in India and sell the products worldwide.

Companies across the globe would be invited to make an investment and set up factories and expand their facilities in India and use India’s highly talented and skilled manpower to create world-class zero defect products. It is a big step taken by the government of India to reduce the level of unemployment faced by the youth of the country.

Almost 25 key sectors (such as aviation, chemicals, IT, automobiles, textiles, ports, pharmaceuticals, leather, hospitality, tourism, railways, etc) have been identified by the government to work for the investors and become a world leader. There is a special unit in the commerce Ministry name “Invest India” which helps in guiding all he top foreign investors in terms of regulatory and policy issue as well as assists in obtaining the regulatory clearances.

There is an arrangement of a dedicated team ready to answer all the queries form business entities through the web portal makeininida. com. Government provide is a backend support team also in order to response specific queries within 72 hours of duration.

The successful implementation of this plan will help in the 100 smart cities project and affordable housing in India. The main objective behind this is to ensure solid growth and valuable employment creation in the county with the help of top investors. This will help in creating a job market for over 10 million people in India. Manufacturing done in India would boost India’s GDP, trade and economic growth. This campaign will strengthen the Value of Rupee. Development of Rural Areas. This campaign will rank India in a good position in Ease of Doing Business. This campaign will help in Up-gradation of Technology.

This program was basically for an entrepreneur in India but government show negligence towards agriculture. In long run, we can see lots of small entrepreneurs. So we can conclude that Make in India is not a brand nor it is a slogan it is a new national movement.

Make in India Essay 800 Words

Make in India is an initiative of our government to attract multinational companies to manufacture their products in India. The Indian government wants companies to present all over the world to come to India and manufacture their products on Indian soil. The main focus is on 25 sectors like automobiles, aviation, biotechnology, chemical, information technology etc. On its website information like reasons to invest policy-related information, how the government is going to support the investors and other statistical information related to each of these 25 sectors. It is given to attract the investors under this campaign.

This initiative was launched on 25th September 2014. The major objectives of this initiative are the creation of jobs and the enhancement of the skills of people. As companies will come to invest in India manufacturing hubs will be set up. So because of that jobs will be created and the skills will be enhanced by the people, then those people will be employed.

The slogan of this initiative is “Zero defect Zero effect”. What does it mean? It means that the government provides quality assurance to the investors. If you will compare it with the Chinese market or product. In general, the Chinese items have a bad reputation in the global market because of the defective nature. So the government says that all the products which will be produced under this campaign will be of such quality that will be accepted by the global market. The basic aim is to make the world know that the products will be carried out in a sustainable manner. It will have zero adverse environmental and ecological effects.

The symbol of this initiative is a lion with wheels. It indicates courage, strength and wisdom. In the year 2015 India received a direct foreign investment of $63 billion US dollars and because of this, it surpasses 90 states in China to become a top destination of foreign direct investment in the world. As per the estimates, it is expected that the global market of electronic hardware will reach a value of 400 billion U.S dollar by 2020. So by becoming a manufacturing hub, India wants to tap this market and also another target is to have a net zero import of electronic equipment.

At present, the contribution of the manufacturing sector in GDP is around 15% and government estimates that because of this initiative it will reach a value of 25%. Some companies which were attracted and have started manufacturing in India are Huawei, MI and Lenovo. As those companies which are attracted and have proposed that they will manufacture in India are Foxconn and Boeing.

Positive Aspects

It is a country which is very rich in natural resources. This will help any manufacturing hub to be set up this is a prerequisite. Because of the high rate of unemployment, skilled and unskilled labourers are present in a plenty in our country and the labour rate is very cheap as compared to the labour of any other country.

Jobs will be created and poverty will be mitigated as more and more multinational companies will come to India for investment. The inflow of foreign direct investment will increase. The balance of payment and forest figures will improve. As multinational companies will come to India they’ll bring the technical expertise and their creative skills as well to our nation which will help us in the long run.

Negative Aspects

The scheme was launched in 2014 but still, no substantial action has been made in labour reform policies and reverent economic policies. After all the effort multinational companies have shown cold response to make in India. They still prefer to get their products made from China. If we look at World Bank’s 2016 Ease of doing business index India’s ranking is 138 which is just a 4 points improvement from the previous year’s ranking.

If you look at any development project there is a high probability that it will give rise to development versus displacement debate. To set up a very large manufacturing hub large chunk of the area is required so the people who are already living over there will have to be displaced and it gives rise to this debate which is a negative aspect of a development activity.

India has been an agrarian economy from a very long time the Large proportion of Indian population has always been employed in agricultural activities. If we look at current global scenarios the technology which is used by the agriculture sector is very outdated. It is very important that the government gives special attention to the improvement in the agrarian economy as well.

Only if the government take concrete steps to reform the labour policies and economic policies in India and simplifies that rules and procedures for the foreign companies to do business in India. The government can visualise itself becoming the manufacturing hub of the world which is the ultimate aim of Make in India.

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