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Make in India: Boosting Manufacturing

Prime Minister Narendra Modi launched the Make in India initiative in 2014 to transform India into a global manufacturing hub by encouraging companies to manufacture in India. The initiative aims to increase manufacturing's contribution to India's GDP to 25% by 2025. Make in India promotes foreign direct investment and developing manufacturing. It targets 25 sectors including automobiles, IT, and business processes. Many foreign companies investing in Make in India are having a great impact on India's economy and GDP. India's ranking in the World Bank's Ease of Doing Business report improved from 130 to 100 due to reforms under Make in India. The initiative efficiently utilizes India's resources and talent, generates employment, and promotes domestic manufacturing. The government must continue reforms to realize

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61 views2 pages

Make in India: Boosting Manufacturing

Prime Minister Narendra Modi launched the Make in India initiative in 2014 to transform India into a global manufacturing hub by encouraging companies to manufacture in India. The initiative aims to increase manufacturing's contribution to India's GDP to 25% by 2025. Make in India promotes foreign direct investment and developing manufacturing. It targets 25 sectors including automobiles, IT, and business processes. Many foreign companies investing in Make in India are having a great impact on India's economy and GDP. India's ranking in the World Bank's Ease of Doing Business report improved from 130 to 100 due to reforms under Make in India. The initiative efficiently utilizes India's resources and talent, generates employment, and promotes domestic manufacturing. The government must continue reforms to realize

Uploaded by

Sandeep
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Introductio

1.
n
Prime Minister Narendra Modi launched the
Make in India
initiative on September 25, 2014, with the
primary goal of
a global
making India hub, by
manufacturing
encouraging both multinational as well as domestic
companies to manufacture their products within the
country.
It is being led by the Department of Industrial Policy and
Promotion (DIPP), Ministry of Commerce and Industry,
Government of India, of Industrial Policy and Promotion, the
initiative aims to raise the contribution of the manufacturing
sector to 25% of the Gross Domestic Product (GDP) by the
year 2025 from its current 16%. Make in India has
introduced multiple new initiatives, promoting foreign direct
investment, implementing intellectual property rights and
developing the manufacturing sector.
It targets 25 sectors of the economy which range from
automobile to Information Technology (IT) & Business
Process Management (BPM), the details of each can be
viewed on the official site.

Many foreign companies making the investments in Make in


India project thus having a great impact on the economy of
India. Obviously, if the big companies will set up their
branches here, it will directly affect the GDP of India. So if
you are planning to start your business in India by making
an investment in Make in India then first read these effects of
Make in India over the economy

India ranked 100 among 190 countries assessed by the


Doing Business Team in the Ease of Doing Business Report,
2018 with an improvement of 30 ranks over its rank of 130
in the Ease of Doing Business Report 2017. India saw an
improvement in six out of ten indicators namely – Dealing
with construction permits, getting credit, protecting
minority investors, paying taxes, enforcing contracts and
resolving insolvenc

Benefits
Efficient utilization of the country’s talent and 
resources to manufacture a product
Generation of employment opportunities for the Indian
masses
Promotes domestic manufacturers to produce goods in
India

Conclusion
India has the capability to push its manufacturing
contribution to GDP to 25% by 2025.Government has to act
as the central pivot of aligning industries, private companies,
public sectors and all stakeholders in realizing this vision.
Government has to put policies in place be it sector reforms,
labor reforms or the elimination of business barriers. The
Government of India has taken a number of steps to further
encourage investment and improve business climate. „Make
in India “mission is one such long term initiative which will
help to realize the dream of transforming India into a
„manufacturing hub‟.

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