What is make in India Initiative What are your views about it?
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What is make in India Initiative What are your views about it?
Make in India is a major national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country.
What are the initiatives taken by government as a part of Make in India?
Industrial Corridors and 21 new nodal Industrial Cities to be developed: Delhi-Mumbai Industrial Corridor (DMIC) Chennai-Bengaluru Industrial Corridor (CBIC) Bengaluru-Mumbai Economic Corridor (BMEC)
What will be the benefit of Make in India program?
1) Boost India’s Economic Growth: The make in India campaign will lead to an increase in exports and manufacturing. Manufacturing will also boost India’s economic growth and GPD. 2) More Job Opportunities: It will lead to the creation of many job opportunities. Around ten million people are expected to get jobs.
Is make in India a success Give your views?
Make in India has not yet achieved its goals. The growth rate of manufacturing averaged 6.9\% per annum between 2014–15 and 2019-20. The share of manufacturing dropped from 16.3\% of GDP in 2014-15 to 15.1\% in 2019-20.
Is an initiative to make India a manufacturing hub?
The Make in India initiative was launched by Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation.
How Make in India Programme is contributing in the economic growth of India?
Make in India had three stated objectives:
- to increase the manufacturing sector’s growth rate to 12-14\% per annum.
- to create 100 million additional manufacturing jobs in the economy by 2022;
- to ensure that the manufacturing sector’s contribution to GDP is increased to 25\% by 2022 (later revised to 2025)
How Make in India can be achieved?
“Make in India” had three stated objectives:
- to increase the manufacturing sector’s growth rate to 12-14\% per annum;
- to create 100 million additional manufacturing jobs in the economy by 2022;
- to ensure that the manufacturing sector’s contribution to GDP is increased to 25\% by 2022 (later revised to 2025).
What is Modi’s ‘indiaindia’ initiative?
India would emerge, after initiation of the program, as the top destination globally for foreign direct investment, surpassing China as well as the United States. With this initiative, Mr. Modi is literally inviting the rich and semi-rich countries to step in India and invest their money for the future of India.
What is the make in India initiative?
A national programme, the Make in India initiative is aimed at transforming India into a global manufacturing hub, and contains a raft of proposals designed to attract investments from both local and foreign companies in 25 key areas it has identified, such as:
What is the government’s approach to the make in India program?
The approach will be that of a facilitator and not regulator. The Make in India program has been built on layers of collaborative effort. There has been from Union Ministers, Secretaries to the Government of India, state governments, industry leaders, and various knowledge partners.
How will ‘make in India’ impact the Indian Industry?
New Mindset: Industry is accustomed to see Government as a regulator. ‘Make in India’ intends to change this by bringing a paradigm shift in how Government interacts with industry. The Government will partner industry in economic development of the country. The approach will be that of a facilitator and not regulator.