Pradhan Mantri Make In India Pdf | Features, Objectives

Pradhan Mantri Make In India Pdf | Government Schemes | Features | Objectives – The Indian economy is growing optimistically with strong growth in the country and an improvement in the overall trade outlook and investment signals. With the help of the new efforts and initiatives of the government, the construction sector has improved considerably. The Prime Minister, Shri Narendra Modi, on September 25, 2014 launched the ‘Make in India’ programme to transform India into a global hub of critical investment and construction, structure and innovative experiments.

‘Make in India’ mainly focuses on the manufacturing sector, but it also aims to promote entrepreneurship in the country. The approach is to create a conducive investment environment, modern and efficient infrastructure, open up new areas for foreign investment and build a partnership between government and industry.

The ‘Make in India’ initiative has received positive response from across the country and abroad. Since the launch of the campaign by Invest India’s Investor Facilitation Cell, more than 12,000 queries have been received on its website. Countries like Japan, China, France and South Korea have shown their support for investment in India in various industrial and infrastructure projects. The following twenty-two sectors under the ‘Make in India’ initiative:

Pradhan Mantri Make In India Pdf | Government Schemes | Features | Objectives

Objectives of Make in India

The Make in India mission has several goals. They are:

• Increase the growth of the manufacturing sector to 12-14 per cent per annum.
• Creation of 100 million additional jobs in manufacturing sector by 2022.
• Increase the share of manufacturing sector in GDP to 25% by 2022.
• Skill development among urban poor and rural migrants to promote inclusive growth.
• Encouraging environmentally sustainable development.
• Enhancing the global competitiveness of the Indian manufacturing sector.

Make in India – 25 selected areas

• After much research and analysis a group of 25 different areas was selected which would be promoted under this policy.
• There was more potential for increase in foreign investment in these sectors as well as improvement in manufacturing/productive quality.
• This will also mean more employment opportunities for these sectors as larger productivity and global reach will mean greater manpower.

The areas selected under this policy are:

• Automobile
• automobile component
• aviation
• biotechnology
• alchemy
• building
• defence construction
• electrical machinery
• Electronic System
• Food Processing
• Information Technology and Business Process Management
• hide
• Media & Entertainment
• digging
• Oil and Gas
• Medicines
• Ports and Shipping
• railway
• renewable energy
• Roads and Highways
• Space and Astronomy
• Clothing & Clothing
• thermal power
• Tourism & Hospitality
• welfare

Make in India policy and rules: PM Make in India

• Under the Pradhan Mantri Make In India initiative, the Central Government. The focus wants maximum increase in the production level of 25 sectors.
• The key policy is to facilitate in-house manufacturing units to expand their business and access the global market.
• Also, the policy of the government to provide EODB to foreign companies and investors to attract more FDI in the country.
• Only 26% FDI was approved in the defence sector before this Make in India initiative, which has gone up to 49% under the new rules.
• FDI up to 100 per cent has also been allowed in the railway sector.

Major schemes launched to support Make in India

Several major schemes have been launched by the Government of India from time to time to support the Make in India campaign. This includes:

Make in India 2.0

Make in India 2.0 focuses on 27 regions with special focus on ten champion areas;

• capital goods,
• auto
• protection
• pharma
• renewable energy
• biotechnology
• alchemy
• hide
• cloth
• Food processing.
• These ten sectors have the potential to become global champions and double-digit growth in the manufacturing sector in the coming years.
• In the manufacturing sector, the action plans are controlled and coordinated by the Department for Promotion of Industry and Internal Trade (DPIIT).
• In the service sector, action plans are controlled and coordinated by the Department of Commerce.

Target group under the Pradhan Mantri Make In India scheme by India

• Target to increase the growth rate of construction sector by 12-14 per cent per annum in the medium term.
• The manufacturing share in the country’s GDP increased by 16% to 25% by 2022.
• Creating 100 million additional employment opportunities in the manufacturing sector by 2022.
• Building appropriate skills among rural migrants and urban poor for inclusive growth.
• Domestic value addition and increase in technical depth in construction.
• Enhancing the global competitiveness of the Indian manufacturing sector.
• Ensuring the sustainability of development, especially with regard to the environment.

The challenges facing the campaign ‘Make in India’ are:

• The government has taken several steps to simplify the process of doing business in India.
• Many rules and procedures have been simplified and many items have been removed from the licensing requirements.
• The government aims to provide strong infrastructure for business through development of institutions in the country as well as through necessary facilities.
• The government wants to develop industrial corridors and smart cities to provide state-of-the-art technology for business institutions.
• National Skill Development Mission – Efforts are being made to provide skilled manpower through external websites which open in a new window.
• Innovative experiments are being encouraged through better management of the patent and trademark registration process.