Write an article on the topic: the importance of ‘make in india
Answers
Answer:
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. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. The Make in India programme is very important for the economic growth of India as it aims at utilising the existing Indian talent base, creating additional employment opportunities and empowering secondary and tertiary sector. The programme also aims at improving India’s rank on the Ease of Doing Business index by eliminating the unnecessary laws and regulations, making bureaucratic processes easier, making the government more transparent, responsive and accountable.
Answer:
Make in India campaign was launched by the Prime Minister Narendra Modi on 25th of September in 2014. It is an initiative to make a call to the top business investors all across the world for investment in India. It is a big opportunity for all the investors to set up their business in any field anywhere in the country. This attractive plan has resourceful proposals for foreign companies to set up manufacturing units in India. Make in India campaign launched by the Indian government focuses on building effective physical infrastructure. It also meant for improving the market of digital network in the country to create a global hub for business.
The successful implementation of this plan will definitely fulfill the following major objectives:
To ensure solid growth and valuable employment creation in the country.
With the help of top investors country will become completely self-dependent in the manufacturing sector.
It will provide the benefits to both parties, i.e. the investors and our country.
Make in India will also help the companies for creating their brand values in the global market.
It will definitely help for the growth of Indian GDP as well as to increase the value of Indian currency
Our own investors will retain in the country itself, who were planning to move their business outside India due to lack of resources and clarity on policy issues.
Due to this fact companies from across the globe making a huge investment in Make in India project,
Policy Structure of Make in India
The government of India is making a huge effort in order to reduce any type of burden on investors. Due to this, there is an arrangement of a dedicated web portal for solving all the queries from business entities. This portal is now receiving an excellent response. Government has created a dedicated back-end support team, so that response can be given within 72 hours of duration.
Almost 25 key sectors like aviation, chemicals, IT, automobiles, textiles, ports, pharmaceuticals, hospitality, tourism, wellness, and railways have been identified by the government to work for the investors and become a world leader.