ESSAY: Make in India

Make in India is a type of Swadeshi Movement, which was launched on 25 September 2014 by Prime Minister of India, Narendra Modi. The main objectives of Make in India program are, to increase the manufacturing sector growth rate to 12-14% for increasing it's share in the economy, to create 100 million jobs by 2022, to increase manufacturing sector contribution to GDP to 25% by 2025. The program aims to develop environment for investments, develop modern and efficient infrastructure and to liberalize market for foreign investment.

Indian government gave commitment to invest 16.40 lakh crore INR (230 billion USD), as a result of which India emerged as top destination for foreign direct investment in 2015, surpassing USA and China. There are norms for 100% foreign investment in 100 sectors except space Industry(74%), defense industry(49%) and media of India(26%). India and Japan also constituted "Japan-India Make in India Special Finance Facility" of worth 12 Billion USD. Individual states are also running their own program under Make in India to attract investors and manufacturers, which increases competition between states.

Some programs run by states are, Vibrant Gujarat, "Make in Odisha", "Tamil Nadu Global Investors Meet", "Happening Haryana", "Magnetic Maharashtra". In FY 2016-17, India received investment of worth 60 Billion USD.
"Make in India Week" multi sectoral industrial event was attended by 2500+ international, 8000+ domestic industries, delegations from 68 countries and business teams from 72 countries. 17 Indian states also organizes expos. Event received 15.2 lakh crore INR investment in Make in India program.

Make in India program covers almost 25 sectors of economy. These sectors include Automobile industry, Aviation industry, Biotechnology, chemical industry, construction industry, defense industry, electronic industry, electrical machinery, Food processing, media and entertainment, oil and gas, mining, pharmaceuticals, port & shipping, railways, renewable energy, roads and highways, space and astronomy, thermal power, textile industry, tourism, healthcare industry.

In the world bank's 2019 'doing business report' India jumped by 23 positions against its rank of 100 in 2017. India is now placed at 63rd rank out of 190 countries. By the end of 2017, India has risen by 42 places in ease of doing business Index, 32 places in World Economic Forum's Global Competitiveness Index, and by 19 ranks in Logistics Performance Index.
Narendra Modi had also given slogan of "zero defect, zero effect", which means using such techniques and materials to produce defect free products simultaneously causing zero environmental hazards.

Make in India program not only increases India's capability to attract global investors but also increases number of employments in country. After trade war and raising tensions between USA and China are day by day over COVID-19, many companies have decided to leave China. It is now opportunity for India to attract these companies in India. Indian government should focus on developing norms in favor of foreign investment, develop efficient infrastructure, developing efficient and faster logistics and availability of raw material and labor at cheaper rates.

Curriculum at institutions must be changed as per requirement of today's industry. Vocational trainings must be provided to youth. Awareness about Make in India must be spread at International level as well as village level.