Pradhan Mantri Make In India Pdf | UPSC | Features, Objectives, Aim – The Indian economy is growing optimistically with strong growth in the country and improvement in the overall business outlook and signs of investment. With the help of new efforts and initiatives of the Government, the construction sector has improved considerably. Prime Minister, Shri Narendra Modi, launched the ‘Make in India’ programme on 25th September, 2014 to transform India into a global hub of important investment and construction, structure and innovative experiments.
‘Make in India’ focuses mainly on the manufacturing sector but also aims to promote entrepreneurship in the country. The approach is to create a conducive investment environment, modern and efficient infrastructure, open up new sectors for foreign investment and build a partnership between the government and industry.
There has been positive response from across the country and abroad on the ‘Make in India‘ initiative. More than 12,000 questions have been received on its website from the time of launch of the campaign by the Investor Facilitation Cell of Invest India. Countries like Japan, China, France and South Korea have shown their support for investing in India in various industrial and infrastructure projects. The following twenty-two sectors under the ‘Make in India’ initiative
Pradhan Mantri Make In India 2021 | Make In India 2.0
|Scheme Name||Make In India|
|Launched By||PM Modi|
|Category||Central Govt Schemes|
|Launch Date||25 September 2014|
Objectives of Make in India
There are several targets aimed at by the Make in India mission. They are:
- Raising the growth in the manufacturing sector to 12-14% per year.
- Creation of 100 million additional jobs in the manufacturing sector by 2022.
- Increasing the share of the manufacturing sector in the GDP to 25% by 2022.
- Skill Development among the urban poor and the rural migrants to foster inclusive growth.
- Encouraging environmentally sustainable growth.
- Enhancing the global competitiveness of the Indian manufacturing sector.
Make In India – 25 selected sectors
- After much research and analysis a set of 25 different sectors were picked those would be promoted under this policy.
- These sectors had more scopes for increased foreign investment as well as improve the manufacturing / productive quality.
- This would also mean more employment opportunities for these sectors as large productivity and global reach would mean more and more manpower.
The sectors which were picked under this policy are:
- Automobile Components
- Defence Manufacturing
- Electrical Machinery
- Electronic systems
- Food Processing
- Information Technology and Business Process Management
- Media and Entertainment
- Oil and Gas
- Ports and Shipping
- Renewable Energy
- Roads and Highways
- Space and Astronomy
- Textiles and Garments
- Thermal Power
- Tourism and Hospitality
Make in India Policy and Rules : Pradhan Mantri Make In India
- Under the Make in India initiative, the central govt. wants maximum increase in production levels of the focused 25 sectors.
- The prime policy is to facilitate the in-house manufacturing units to expand their business and reach out to the global market.
- In addition to this, the government’s policy to provide EODB to foreign companies and investors to attract more FDI in the country.
- Before this Make in India initiative, only 26 % of FDI was sanctioned to the Defence sector, which has been to 49 % under new rules.
- In the Railways sector also, the FDI has been allowed up to 100 %.
Key Schemes Launched to Support Make In India
There are various key schemes launched by the government of India to support the Make in India campaign from time to time. These include:
|Skill India Mission||
|Pradhan Mantri Jan Dhan Yojana (PMJDY)||
|Swachh Bharat Abhiyan||
|International Solar Alliance (ISA)||
Make in India 2.0:
Make in India 2.0 focuses on 27 sectors with a special focus on ten champion sectors including;
- Capital goods,
- Renewable energy
- Food processing.
- These ten sectors have the potential to become global champions and drive double-digit growth in manufacturing in the coming years.
- In the manufacturing sector, the action plans are controlled and coordinated by the Department for Promotion of Industry and Internal Trade (DPIIT).
- In the services sector, the action plans are controlled and coordinated by the Department of Commerce.
Target Sets Under Make In India Scheme By India :
- Objective to increase the growth rate of construction sector by 12-14% per annum in the medium term.
- Manufacturing share in the country’s GDP increased by 16% to 25% by 2022.
- Creating 100 million additional employment opportunities in manufacturing sector by 2022.
- Building proper skills among rural migrants and urban poor for inclusive growth.
- Increase in technical depth in domestic value addition and construction.
- Enhancing global competitiveness of Indian manufacturing sector.
- Ensuring sustainability of growth, especially with regard to the environment.
Campaign ‘Make in India’ Challenges Faced By It :
- The Government has taken several steps to simplify the process of doing business in India.
- Many rules and procedures have been simplified and many items have been removed from the requirements of licence.
- The Government aims to provide strong infrastructure for trade through development of institutions as well as required facilities in the country.
- The Government wants to develop industrial corridors and smart cities to provide state-of-the-art technology for business institutions.
- National Skill Development Mission – Efforts are being made to provide skilled manpower through external website that opens in a new window.
- Innovative experiments are being encouraged through better management of patent and trademark registration process.