Make in India

Make in India

The Make in India program was launched by Prime Minister Narendra Modi in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, the Make in India program has been built on layers of collaborative effort. Department of Industrial Policy & Promotion (DIPP)  initiated this process with wide-ranging consultations, resulting in a road map for the single largest manufacturing initiative undertaken by a nation in recent history. They also demonstrated the transformational power of public-private partnership, and have become a hallmark of the Make in India program.

The most striking indicator of progress is the unprecedented opening up of key sectors – including Railways, Defence, Insurance and Medical Devices – to dramatically higher levels of Foreign Direct Investment. The Make in India program includes major new initiatives designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure.

A workshop titled “Make in India – Sectorial perspective & initiatives” was conducted on 29th December, 2014 under which an action plan for 1 year and 3 years has been prepared to boost investments in 25 sectors.

An 8 member Investor Facilitation Cell (IFC) dedicated for the Make in India campaign was formed in September 2014 with an objective to assist investors in seeking regulatory approvals, hand-holding services through the pre-investment phase, execution and after-care support. Six industrial corridors are being developed across various regions of the country. Industrial cities will also come up along these corridors.

Make in India Week was organized from 13-18 February 2016 at Mumbai in which more than 11,000 companies participated. 

In just over a year, Make in India has become a rallying cry for India’s innumerable stakeholders and partners. This global movement has been powered by an in-depth overhaul of processes and policies. The outdated frameworks of the past were rapidly dismantled and replaced with a transparent and user-friendly system that helped drive investment, foster innovation, develop skills, protect IP and build best-in-class manufacturing infrastructure.  An array of measures focused on the ease of doing business in India were also launched during this phase. Brand new, IT-driven application and tracking processes replaced files and red tape, while other measures helped streamline and rationalise licensing rules at the state government level, aligning them with global best practices. 

India has moved up 12 places in the World Bank’s recent Ease of Doing Business Rankings. There have been large-scale commitments made by both domestic as well as foreign investors: FDI in the past 18 months (from June 2014 to January 2016) has increased by approx. 48% as
compared to the previous 18-month period.  Substantial investment has begun to flow into the electronics, automotive, food processing, textiles and garments, renewable energy and construction sectors. The world’s largest democracy is well on its way to becoming the world’s
most powerful economy.

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