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MAKE IN INDIA

Make in India is a major new national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India. The Make in India programme is very important for the economic growtth of India as it aims at utilising the existing Indian talent base, creating additional employment opportunities and empowering secondary and tertiary sector. The programme also aims at improving India’s rank on the Ease of Doing Business index by eliminating the unnecessary laws and regulations, making bureaucratic processes easier, making the government more transparent, responsive and accountable.

“I want to tell the people of the whole world: Come, make in India. Come and manufacturein India.  Go and sell in any country of the world, but manufacture here. We have skill, talent, discipline and the desire to do something. We want to give the world an opportunity that come make in India,” Prime Minister of India, Mr Narendra Modi said while introducing the programme in his maiden Independence Day speech from the ramparts of the Red Fort on August 15, 2014. The initiative was formally introduced on September 25, 2014 by Mr Modi at Vigyan Bhawan, New Delhi, in the presence of business giants from India.

The focus of Make in India programme is on 25 sectors. These include: automobiles, aviation, chemicals, IT & BPM, pharmaceuticals, construction, defence manufacturing, electrical machinery, food processing, textiles and garments, ports, leather, media and entertainment, wellness, mining, tourism and hospitality, railways, automobile components, renewable energy, biotechnology, space, thermal power, roads and highways and electronics systems.

The dedicated website for this initiative not only show cases the 25 sectors but also puts focus on the live projects like industrial corridors and policies in the area of foreign direct investment, national manufacturing, intellectual property and new initiatives. The Investor Facilitation Cell is an integral part of this website, which aims at providing all information/data analysis to investors across sectors.

The Make in India initiative, has become the largest and fastest growing government initiative ever with over 2.1 billion global impressions on social media and reached an overall fan base of over 3 million on its Facebook page, according to an official release issued in December 2014.

The initiative has been highlighted at key international events. The Make in India programme was the key message on Brand India at the Annual Meeting of the World Economic Forum at Davos 2015. The India Lounge, set up by the India Brand Equity Foundation (IBEF) was inspired by the Make in India programme. IBEF backed it with a strategic communications campaign to create a brand resonance. Make in India is also the theme for India’s participation as Partner Country at Hannover Messe 2015 scheduled to be held from April 13-17, 2015.

The document Concept - Make in India, Interdisciplinary Issues in Indian Commerce | Interdisciplinary Issues in Indian Commerce - B Com is a part of the B Com Course Interdisciplinary Issues in Indian Commerce.
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FAQs on Concept - Make in India, Interdisciplinary Issues in Indian Commerce - Interdisciplinary Issues in Indian Commerce - B Com

1. What is the concept of Make in India?
Ans. Make in India is an initiative launched by the Government of India to encourage multinational companies to manufacture their products in India and promote India as a global manufacturing hub.
2. What are the interdisciplinary issues in Indian commerce related to Make in India?
Ans. The interdisciplinary issues in Indian commerce related to Make in India include economic factors, government policies, legal issues, technological advancements, and social and environmental sustainability.
3. How does Make in India impact the Indian economy?
Ans. Make in India aims to boost manufacturing in India, attract foreign direct investment, create employment opportunities, and increase exports. This initiative has the potential to contribute to the economic growth and development of the country.
4. What are the challenges faced in the implementation of Make in India?
Ans. Some of the challenges faced in the implementation of Make in India include bureaucratic hurdles, inadequate infrastructure, skill gaps, complex taxation system, and competition from other countries. Overcoming these challenges is crucial for the success of Make in India.
5. How does Make in India promote innovation and technology in Indian commerce?
Ans. Make in India emphasizes the need for technological advancements and innovation in various sectors. It encourages the development and adoption of new technologies, research and development activities, and collaborations between industries and research institutions. This promotes growth and competitiveness in Indian commerce.
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