MAKE IN INDIA
The Make in India initiative is a flagship program launched by the Government of India on September 25, 2014, with the primary aim to transform India into a global manufacturing hub, attract investments, boost innovation, generate employment, and enhance skill development.
Objectives:
- Boost Manufacturing: Increase the manufacturing sector's contribution to India's GDP to 25% by 2025.
- Create Jobs: Generate employment opportunities across various sectors.
- Enhance Investment: Attract both domestic and foreign investment into the manufacturing sector.
- Foster Innovation: Encourage innovation, research, and development in the manufacturing sector.
- Develop Skills: Enhance skill development to create a skilled workforce for the manufacturing industry.
Key Focus Sectors:
The initiative initially identified 25 priority sectors such as:
- Automobiles
- Textiles and Garments
- Electronics Systems
- Chemicals
- Food Processing
- Railways
- Renewable Energy
- Pharmaceuticals
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The 'Make in India' initiative focuses on encouraging investments, nurturing innovation, advancing skill development, safeguarding intellectual property, and establishing top-quality manufacturing infrastructure.
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The program was created to position India as a worldwide center for design and manufacturing.
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Recognized as a significant 'Vocal for Local' effort, it has two main goals: enhancing India's manufacturing capabilities and showcasing its industrial strengths on an international platform.
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The "Make in India 2.0" phase includes 27 sectors, covering both manufacturing and services
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New Processes: To improve the business climate and encourage entrepreneurship and startups, simplifying the ‘ease of doing business’ became a key priority.
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New Infrastructure: Establishing industrial corridors, smart cities, and incorporating advanced technology with high-speed communication to develop world-class infrastructure, along with strengthening intellectual property rights (IPR) systems.
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New Sectors: Allowing Foreign Direct Investment (FDI) in areas such as defense production, insurance, medical devices, construction, and railway infrastructure to stimulate growth.
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New Mindset: To foster industrial growth and innovation, the government adopted a role as a supporter rather than a regulator, collaborating with the industry for the nation’s economic progress
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Production Linked Incentive (PLI) Schemes: The main objectives of the PLI schemes are to attract major investments, integrate advanced technologies, and achieve greater operational efficiency. These schemes encompass 14 critical sectors to encourage investment in innovative technologies and enhance global competitiveness.
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PM GatiShakti: This strategic initiative is designed to achieve the goal of Aatmanirbhar Bharat and establish a $5 trillion economy by 2025 by building multimodal and last-mile connectivity infrastructure. PM GatiShakti adopts a transformative approach toward economic growth and sustainable development, driven by seven key sectors: railways, roads, ports, waterways, airports, mass transport, and logistics infrastructure.
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Semiconductor Ecosystem Development: This initiative includes four key programs:
- Modified Scheme for Establishing Semiconductor Fabs in India
- Modified Scheme for Setting Up Display Fabs in India
- Modified Scheme for Establishing Compound Semiconductors, Silicon Photonics, Sensors Fabs, and Discrete Semiconductors, along with Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) / OSAT Facilities in India
- Design Linked Incentive (DLI) Scheme
Its goal is to cultivate a sustainable ecosystem for semiconductor and display manufacturing in India. The Semicon India Programme aims to accelerate semiconductor and display production by offering capital support and promoting technological partnerships.
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National Logistics Policy: This policy was launched to supplement the PM GatiShakti National Master Plan and focuses on enhancing the soft infrastructure of India's logistics sector. The Comprehensive Logistics Action Plan (CLAP) was also introduced, targeting areas such as logistics systems, standardization, human resource development, state engagement, and logistics parks.
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National Industrial Corridor Development Programme: The program focuses on the development of "Smart Cities" and advanced industrial hubs to enhance India's industrial infrastructure.
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Startup India: Various initiatives were launched to support entrepreneurs, establish a strong startup ecosystem, and transform India into a nation of job creators instead of job seekers.
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Implementation of the Goods and Services Tax (GST): Recognized as a significant tax reform in India, GST plays a crucial role in supporting the goals of the Make in India initiative.
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Unified Payments Interface (UPI): UPI is a vital component of India's digital economy, playing a significant role in simplifying transactions and facilitating ease of doing business.
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Ease of Doing Business: Efforts are being made to streamline regulations, minimize bureaucratic obstacles, and create a more business-friendly environment, thus enhancing investor confidence and advancing the objectives of the Make in India initiative
For Prelims & Mains
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For Prelims: Swachh Bharat Mission 2.0, Light House Initiative (LHI), India Sanitation Coalition (ISC), Sustainable Development Goals (SDG).
For Mains:1. What is Swachh Bharat Mission and explain the impact and achievements of the Swachh Bharat Mission-U and AMRUT?
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Previous Year Questions
1.What is/are the recent policy initiative(s)of Government of India to promote the growth of manufacturing sector? (2012)
Select the correct answer using the codes given below: (a) 1 only Answer (d)
Mains
1.“Success of ‘Make in India’ program depends on the success of ‘Skill India’ programme and radical labour reforms.” Discuss with logical arguments. (2019) |
