Make In India
Make in India is a national program designed to facilitate
investment. It is an international marketing campaigning launched by PM
Narendra Modi on September 25, 2014. The main objective of this program is to
generate huge employment by focusing on heavy industries and public enterprises.
This campaign indicates that India has also chosen the path of Manufacturing
sector to became a middle-income country from a low-income country, like-China,
South Korea, U.S.A etc.
Make in India would mainly
focus on:-
(1) Bring Foreign Investment:-
By the meetings with Japan, China, U.S.A PM Modi clearly implies
that his primary aim is to bring Foreign Investment. The investments committed
by Japan, China, U.S.A are $20 bn, $35 bn, $42 bn respectively. If the
commitments of these nations are really brought to action it would be a game
changer and would really complete the primary aim of investment.
(2) Cut the red tape & simplify processes:-
It aims to make India a manufacturing hub and economic
transformation by eliminating the unnecessary laws like extending the law which
only permits below 100 workers to close an industry if it goes bankrupt to 1000
workers. The elimination of these laws would really help the industry to grow faster.
Modi's Govt. has already made a bunch of laws to be eliminated in order to cut
the red tape. In my opinion the elimination the red tape i.e. elimination of
laws would be done after the Elections. Also, another smart move is by
making everything online like the Licenses which really help to simplify the
process and also it would cut down corruption and bring transparency.
(3) Generate confidence in local industries:-
The current Global Investors Summit (GIS) clearly implies that the
governments are trying hardly to generate confidence in the local industries.
Having the confidence of local industries would be must for a successful Make in
India Campaign.
Criticisms of Make in India:-
According to a recent research it has been found that the phase in
which Countries enabled them to move from Low-income country to middle-income
country with the help of manufacturing sector has gone. It reveals that the
last country to become middle income with the help of manufacturing sector was
China.
Being an Indian hoping that this research proves wrong. Obviously
if we know this, than being PM Modi would definitely be aware of this research.
And knowing this he is moving the campaign in full flow he might be having the solution.
But at least Modi had the courage to bring this campaign to this
massive level. Full marks to you sir.
Best wishes with you!