Launched in September 2014, the Make in India Program is a government initiative focused on encouraging companies to manufacture in India. This government initiative is intended to boost the domestic manufacturing sector and augment foreign investment in the country.
This article will discuss the important points of the Make in India program campaign as well the objectives and importance of the Make in India program by the Government of India. It is one of the flagship projects of the current government. Hence, it is extremely important for UPSC Exam as well as other government exams.
The make in India program is one of the key projects of the government of India. Through the Make in India program, the government intends to:
Revive the hitherto lagging manufacturing sector of India to enhance the growth of the economy.
Encourage foreign businesses to invest in India for their manufacturing needs.
Improve India’s rank in ‘Ease of Doing Business index. Ease of doing business is a report published by The World Bank. It compares the Business Regulation in 190 Economies. In 2020, India’s rank in the Ease of Doing Business Index was 63.
Develop India into a global manufacturing hub.
And to boost employment opportunities in the country.
Through the Make in India program, the government is focused on creating jobs and launching skill development programmes in some of the key sectors. These sectors include:
Sectors Covered Under Make In India Program |
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Automobiles |
Construction |
Ports |
Tourism and hospitality |
Biotechnology |
Aviation |
Defence manufacturing |
Leather |
Railways. |
Space |
Chemicals |
Electrical machinery |
Media and entertainment |
Automobile components |
Thermal power |
IT & BPM |
Food processing |
Wellness |
Renewable energy |
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Pharmaceuticals |
Textiles and garments |
Mining |
Mining |
There are several targets aimed at by the Make in India Program. They are:
Raising the growth in the manufacturing sector to 12-14% per year.
Creation of 100 million additional jobs in the manufacturing sector by 2022.
Increasing the share of the manufacturing sector in the GDP to 25% by 2022.
Skill Development among the urban poor and the rural migrants to foster inclusive growth.
Encouraging environmentally sustainable growth.
Enhancing the global competitiveness of the Indian manufacturing sector.
There are various key schemes launched by the government of India to support the Make in India campaign from time to time. These include:
Skill India Mission: This mission aims to skill 10 million in India annually in various sectors. To support the effective implementation of the Make In India campaign, there is a need to upskill the large human resource available. Currently, the percentage of formally skilled workforce in India is only 2% of the population. The Skill India programme aims to widen this percentage through various skill development programmes across the country.
Startup India: Startup India Program aims to build an ecosystem that fosters the growth of startups, driving sustainable economic growth, and creating large-scale employment. Under this program, the government has introduced several key relaxations for entrepreneurs.
Digital India:This aims to transform India into a knowledge-based and digitally empowered economy by making many services completely online.
Pradhan Mantri Jan Dhan Yojana (PMJDY): The mission envisages financial inclusion to ensure access to financial services, namely banking savings & deposit accounts, remittances, credit, insurance, pension in an affordable manner.
Smart Cities: This mission aims to transform and rejuvenate Indian cities. The goal is to create 100 smart cities in India through several sub-initiatives.
AMRUT: AMRUT is the Atal Mission for Rejuvenation and Urban Transformation. It aims to build basic public amenities and make 500 cities in India more livable and inclusive.
Swachh Bharat Abhiyan: This mission aims to make India cleaner and promote basic sanitation and hygiene.
Sagarmala: This scheme aims at developing ports and promoting port-led development in the country. Several ports are being constructed and renovated under this project.
International Solar Alliance (ISA): The ISA is an alliance of countries most of which lie in the temperate zone. This is India’s initiative aimed at promoting research and development in solar technologies and formulating policies in that regard. The headquarters of ISA is in Gurugram.
AGNII: AGNII or Accelerating Growth of New India’s Innovation was launched to push the innovation ecosystem in the country by connecting people and assisting in commercializing innovations.
Make in India 2.0 focuses on 27 sectors with a special focus on ten champion sectors including;
Capital goods,
Auto
Defence
Pharma
Renewable energy
Biotechnology
Chemicals
Leather
Textiles
Food processing.
These ten sectors have the potential to become global champions and drive double-digit growth in manufacturing 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 services sector, the action plans are controlled and coordinated by the Department of Commerce.
Foreign Direct Investment(FDI): India has registered the highest-ever annual FDI Inflow of US $74.39 billion during the financial year 2019-20.
Ease of Doing Business Ranking: India has jumped to 63rd place in the World Bank’s Ease of Doing Business ranking.
This is a brief overview of the Make in India Program by the Government of India. This topic is discussed in detail in our UPSC GS Foundation Course.
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