Make In India scheme was announced by the Government of India on 25 September 2014 by our Hon’ble Prime Minister Shri Narender Modi. We will give you detailed information about the scheme on this page. The project was launched to make India a global manufacturing hub for domestic and multinational companies to manufacture their products in India. The scheme was implemented to give a boost to the Indian Economy, which was going drastically down in 2013. So the government decides to enhance its position in the “Ease of Doing Business” index. Hence the idea of “Make In India” presented by the government of India.
Make In India scheme
Make In India scheme isn’t a single scheme, it has so many other schemes and programmes connected. All these take place to rejuvenate the Indian manufacturing industry and make this an investment hub for multinational companies. It will improve our countries economic growth as well as increase employment opportunities. The Make In India campaign is about making the manufacturers the partners of the government rather than approval and license giving authority. As said by our Prime Minister Shri Narender Modi ‘Minimum Government Maximum Governance’.
यह योजना भारत को घरेलू और बहुराष्ट्रीय कंपनियों के लिए भारत में अपने उत्पादों के निर्माण के लिए एक वैश्विक निर्माण केंद्र बनाने के लिए है
The key information of the scheme are as below-
|Project Name||Make In India|
|Name of the Ministry||Ministry of Commerce and Industry|
|Launched By||Prime Minister Shri Narender Modi|
|Launch Date||25th September 2014|
- The economy is growing continuously.
- The FDI for manufacturing will strengthen Rupee globally.
- New employment opportunities are increasing.
- The manufacturing sector will get the latest technology with FDI.
- The new manufacturing units in rural areas will develop the areas.
- India is climbing in the Ease of Doing Business ranking.
Make In India Logo
As said by our Prime Minister Shri Narender Mdi Make In India is a Lions step to attract the manufacturers to India. So the logo denotes the silhouette of Lion on the prowl, filled with cogs.
Objective of Make In India scheme
The main objectives of the scheme are
- To boost the economic growth of the country.
- Make India a global competitor in manufacturing.
- To raise the GDP and the share of manufacturing by 25% in the country’s GDP by 2022.
- Reduce unemployment by creating jobs in the manufacturing sector.
- Boost the manufacturing sector’s growth to 14-15% per annum.
- To make Indian labor more skillful and technically sound by giving them exposure to global manufacturing techniques.
- To attract global investors towards New India.
Production Sectors covered in Make in India scheme
The government chooses 25 sectors for implementing Make In India strategy. The sectors list is as below-
|1- Automobiles||2- Auto Components||3- Aviation|
|4- Biotechnology||5 – Chemicals||6- Construction|
|7- Defense Manufacturing||8- Electric Machinery||9- Electronic System, Design & Manufacturing|
|10- Food Processing||11- IT and BPM||12- Leather|
|13- Media and Entertainment||14- Mining||15 – Oil and Gas|
|16- Pharmaceuticals||17- Ports||18 – Railways|
|19- Renewable Energy||20- Roads and Highways||21- Space|
|22- Textiles||23- Thermal Power||24- Tourism and Hospitality|
Other Schemes under Make In India scheme
The government has launched some other schemes under Make In India initiative. The schemes are as below-
- Digital India डिजिटल इंडिया- To make India a knowledge-based digitally empowered country.
- Skill India स्किल इंडिया – To make the Indian youth more skillful as per the demand of the industry. So that India can compete with the multinational giants.
- Startup India स्टार्टअप इंडिया – The scheme is to promote the new entrepreneurs and innovators to create an ecosystem to encourage startups. So that a huge number of new jobs are created and to boost the Indian economy.
- Smart Cities स्मार्ट सिटी– The scheme aims to develop 100 cities into Smart Cities. These cities will showcase the new India to global investors.
- Pradhan Mantri Jan Dhan Yojana (PMJDY) प्रधानमंत्री जन धन योजना – The scheme started to make the Indian banking and financial sector within reach of common men.
- Sagarmala सागर माला – The scheme is to enhance the port-related facility and to develop the port infrastructure.
- Amrut शहरी परिवर्तन और कायाकल्प के लिए अटल मिशन – Atal Mission for Rejuvenation and Urban Transformation aims to enhance the urban infrastructure and revive the urban implementation.
- Swachh Bharat Abhiyan स्वच्छ भारत अभियान -The mission launched to make India open defecation free and improve solid waste management.
- AGNII अग्नि -Accelerating of New India’s Innovation aims to make India an innovation hub.
- International Solar Alliance अंतर्राष्ट्रीय सौर गठबंधन – ISA is an alliance of 121 countries announced by our PM Shri Narender Modi. Most of the countries lie in between the Tropic of Cancer and Tropic of Capricorn. The aim of the alliance is to increase the use of solar power and reduce the use of petroleum and gas fuels.
Make In India – Drive
- The government has enhanced the ranking of “Ease of Doing Business” from 100th place to 77th place. India becomes the highest-ranked country in South Asia.
- FDI has been opened for the sectors of Railways, defense, insurance, and medical instruments.
- 100% FDI has been permitted through automatic route in Rail and construction projects.
- The FDI limit in the defense sector has been increased from 49% to 74%.
- eBiz portal, the Shram Suvidha Portal has been launched. eBiz portal is single window access to 11 government schemes for starting a business in India.
- The Investor Facilitation Cell is helping an investor from start to end of the business-related journey in India.
- The government is enhancing the infrastructure of the country with the help of the PPP model. Freight Corridors, Ports, and Airports are developed under this drive.
- Major reforms have been made for the license and permit process and approvals.
- 5 industrial corridors are under construction. The 5 corridors are as below-
1- Amritsar-Kolkata Industrial Corridor (AKIC)
2- Delhi-Mumbai Industrial Corridor (DMIC)
3- Bengaluru-Mumbai Economic Corridor (BMEC)
4- Chennai-Bengaluru Industrial Corridor (CBIC)
5-Vizag-Chennai Industrial Corridor (VCIC)
For more information, you can visit the official website – www.makeinindia.com
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