Make in India

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Make in India

Launched in September 2014, the Make in India


initiative is a program by the Indian government to
boost manufacturing in the country. It aims to
transform India into a global hub for design,
manufacturing, and exports.
overview
Goals:
 Accelerate manufacturing growth.
 Generate a significant number of new jobs in manufacturing.
 Increase manufacturing's contribution to India's GDP.

Strategies:
• Improve the business environment for manufacturers.
• Develop modern infrastructure to support manufacturing
activities.
• Attract foreign investment through incentives.
• Promote innovation and skill development.
Key objectives
• Boost domestic manufacturing across various
sectors.
• Promote India as a global manufacturing hub.
• Attract foreign investment in manufacturing
industries.
• Foster innovation and technological
advancements in manufacturing processes.
• Enhance skill development to meet the demands
of the manufacturing sector.
• Create employment opportunities, especially for
the youth.
Key Sectors

Manufacturing Infrastructure Renewable Energy


The core focus of Investments in roads, India is working to
"Make in India" is to railways, ports, and become a global
expand India's urban infrastructure leader in renewable
manufacturing are critical to support energy, with
capabilities across the growth of ambitious plans to
diverse sectors like manufacturing and install 175 GW of
automotive, aerospace, logistics. renewable capacity
electronics, and by 2026.
pharmaceuticals.
Achievements
• Increase in Foreign Direct Investment (FDI):
Make in India has significantly boosted foreign
direct investment in India. According to government
data, from October 2014 to September 2020, India
received over $358 billion in FDI, which was a 55%
increase compared to the previous six-year period.
• Growth in Manufacturing Sector: The initiative
has led to a noticeable growth in India's
manufacturing sector. Various policies and schemes
introduced under Make in India, such as the
National Manufacturing Policy, have aimed to
enhance the competitiveness of the manufacturing
sector and increase its contribution to GDP.
Contd.
• Ease of Doing Business: The government has undertaken
several reforms to improve the ease of doing business in
India, which has made the country a more attractive
destination for manufacturing investments. Initiatives like
the Goods and Services Tax (GST) and simplification of
business regulations have contributed to this.
• Creation of Jobs: Make in India has played a crucial role
in generating employment opportunities, particularly in
the manufacturing sector. The growth of industries like
electronics manufacturing, automotive, and textiles has
created jobs for millions of people across the country.
• Sectoral Growth: Various sectors such as automotive,
renewable energy, electronics, defense, and
pharmaceuticals have witnessed significant growth and
investment under the Make in India initiative.
Success stories
Tata Motors:
 Tata Motors, India's largest automobile manufacturer, has been a significant
success story under Make in India.
 The company has expanded its manufacturing facilities and launched several
indigenous models, including the Tata Nano and Tata Tiago.
 Tata Motors has not only captured a significant market share in India but has
also become a global player with exports to various countries.
Hindustan Aeronautics Limited (HAL):
 HAL is one of Asia's largest aerospace and defense companies, specializing
in aircraft, helicopters, and engines.
 Under Make in India, HAL has strengthened its position as a key player in
indigenous defense production.
 The company's collaborations with the Indian Armed Forces and other
defense organizations have led to the development of advanced aerospace
technologies.
Challenges
Infrastructure Deficiencies:
Challenge: Inadequate infrastructure, including transportation, power
supply, and logistical networks, poses a significant hurdle for
manufacturing activities.
Bureaucratic Complexity:
Challenge: Cumbersome bureaucratic processes, complex regulatory
frameworks, and administrative red tape can deter investors and stifle
business operations.
Skill Shortages:
Challenge: Shortage of skilled labor and a mismatch between
industry demands and available workforce capabilities.
Global Competition:
Challenge: Intense competition from other manufacturing hubs,
particularly in Asia, poses challenges for Indian manufacturers in
terms of cost competitiveness, product quality, and market access.
Potential for Growth

• Focus on High-Tech Manufacturing: The future might see a


shift towards high-tech manufacturing sectors like aerospace,
robotics, and artificial intelligence.
• Integration with Industry 4.0: Make in India 2.0 could
emphasize integrating advanced technologies like automation, data
analytics, and the Internet of Things (IoT) into manufacturing
processes.
• Sustainability Push: There could be a growing focus on
sustainable manufacturing practices to reduce environmental
impact and cater to a more eco-conscious global market.
• Increased FDI in Niche Sectors: Foreign investment might flow
into niche sectors like medical devices and green technologies,
leveraging India's skilled workforce and cost advantages.
“Overall, Make in India has the potential to be a game-changer for
the Indian economy. By addressing the challenges and embracing
future trends, India can position itself as a global leader in high-tech,
sustainable, and innovative manufacturing.”

Thankyou

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