Concept - Make in India, Interdisciplinary issues in Indian Commerce Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com

last year Prime Minister Narendra Modi
announced the make in India campaign
this very ambitious campaign has gained
wide appreciation and popularity within
India and worldwide hmm we Indians are
quite familiar with the term made in
India Hey it's not about that popular
song this is the first it's make in
India so what's the difference between
made in India and make in India made in
India simply applies to the goods which
are manufactured in India whereas there
are different perspectives to make in
India sometimes it's a humble request
for the companies or an order to make an
India actually it's an open invitation
showcasing India's potential to the rest
of the world we can be a great
manufacturing destination you know till
now we were not that much into
manufacturing and hence we import a lot
and export less that means there's a lot
of money going outside the country
if we become a manufacturing hub we
produce more and sell to the rest of the
world and increase the money which comes
in that's exciting to become a
manufacturing hub there are four
requirements skilled labor ease of doing
business good infrastructure and low
costs India has huge manpower resources
and we are one of the most committed
workforces we can see students enrolling
in mechanical and electrical engineering
which are the key skill sets for the
manufacturing sector and the present
government is also setting up skilled
development centers across the country
which no doubt is going to create a
highly skilled workforce coming to
infrastructure our ancestors were good
at creating infrastructure for the
masses and hence creating infrastructure
of global standards is possible in India
global standards means enabling an
environment to operate technology
intensive manufacturing units next the
manufacturing majors would look at the
ease of doing business reduce paperwork
and easy approvals minimal human
intervention in the process and maximum
human response when it comes to support
and grievance redressal the most
important element which would attract
investments is the cost with Chinese
labour costs increasing India is a
better alternative for labor at low
costs and significant tax incentives
make India a cost-effective alternative
to China in manufacturing more
manufacturing units means huge job
opportunities more purchasing power
Smarter Cities state of the art
infrastructure with all these a better
lifestyle for every Indian let's open
our doors for FDI by FDI we mean first
develop India
you