write a short note on make in india program
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a short note make in India program
Make in India was launched by the Government of India on 25 September 2014.
(1) To encourage companies to manufacture their products in India and incentivize with dedicated investments into manufacturing.The policy approach was to create a conducive environment for investments, develop modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement.
[2] and aimed "to transform India into a global design and manufacturing hub"
"Make in India" had three stated objectives:
(a) to increase the manufacturing sector's growth rate to 12-14% per annum
(b) to create 100 million additional manufacturing jobs in the economy by 2022.
(c) to ensure that the manufacturing sector's contribution to GDP is increased to 25% by 2022 (later revised to 2025)