Presentation Outline

Make in India – The way ahead

Section 1: The Vision and Objectives of Make in India

Page 1.1: Overview of the Make in India Initiative

 Initiative Background: Launched in September 2014, the Make in India initiative aims to
transform India into a global manufacturing hub by encouraging both domestic and foreign
companies to manufacture their products in India.

 Key Focus Areas: The initiative emphasizes various sectors including automobiles, textiles,
electronics, and defense, aiming to enhance productivity and create a conducive
environment for manufacturing through policy reforms and infrastructure development.

 Economic Goals: By fostering innovation and skill development, Make in India seeks to
increase the contribution of the manufacturing sector to India's GDP from 16% to 25% by
2025, thereby generating millions of jobs and boosting economic growth.

Page 1.2: Key Objectives of the Initiative

 Enhancing Manufacturing Growth: The primary objective is to significantly increase the

manufacturing sector's contribution to India's GDP, targeting a rise from 16% to 25% by 2025,
thereby positioning India as a global manufacturing powerhouse.

 Attracting Foreign Investment: The initiative aims to create a favorable investment climate
by simplifying regulations and offering incentives, thus attracting both domestic and
international investors to establish manufacturing operations in India.

 Promoting Skill Development: A crucial goal is to enhance the skill set of the workforce
through targeted training programs, ensuring that the labor force is equipped with the
necessary skills to meet the demands of modern manufacturing industries.

Page 1.3: Target Sectors for Growth

 Automobile Industry Expansion: The automobile sector is a key focus under the Make in
India initiative, with aims to increase production capacity, enhance local manufacturing of
components, and promote electric vehicle technology to meet global standards and
sustainability goals.

 Electronics Manufacturing Boost: Targeting the electronics sector, the initiative seeks to
reduce import dependency by fostering local production of consumer electronics,
semiconductors, and telecommunications equipment, thereby positioning India as a global
hub for electronics manufacturing.

 Pharmaceuticals and Biotechnology Growth: The pharmaceuticals sector is prioritized for

growth, with efforts to enhance research and development capabilities, promote generic
drug manufacturing, and strengthen the biotechnology industry to ensure affordable
healthcare solutions domestically and internationally.

Page 1.4: Expected Economic Impact

  Increased GDP Contribution: The Make in India initiative is projected to elevate the
manufacturing sector's contribution to India's GDP from 16% to 25% by 2025, significantly
enhancing overall economic growth and stability.

 Job Creation Potential: By fostering a robust manufacturing environment, the initiative is

expected to generate millions of jobs across various sectors, addressing unemployment and
improving living standards for a large segment of the population.

 Boosting Foreign Investment: The initiative aims to attract substantial foreign direct
investment (FDI) by creating a more favorable business climate, which will not only enhance
capital inflow but also facilitate technology transfer and innovation in the Indian
manufacturing landscape.

Section 2: Achievements and Progress

Page 2.1: Milestones Achieved Since Launch

 Increased FDI Inflows: Since the launch of the Make in India initiative, foreign direct
investment (FDI) inflows have surged, with a reported increase of over 50% in sectors such as
manufacturing and services, reflecting enhanced investor confidence and interest in the
Indian market.

 Establishment of Manufacturing Hubs: The initiative has led to the establishment of several
manufacturing hubs across the country, particularly in states like Maharashtra and Tamil
Nadu, which have attracted significant investments and created thousands of jobs in various
industries.

 Policy Reforms and Ease of Doing Business: A series of policy reforms have been
implemented to improve the ease of doing business in India, resulting in a jump in India's
ranking on the World Bank's Ease of Doing Business Index, thereby facilitating smoother
operations for both domestic and international manufacturers.

Page 2.2: Case Studies of Successful Projects

 Tata Nano Project: The Tata Nano, launched as the world's cheapest car, exemplifies the
Make in India initiative by showcasing innovative manufacturing processes and cost-effective
production techniques, aimed at making automobile ownership accessible to a broader
population.

 Bharat Electronics Limited (BEL): BEL's expansion into advanced defense electronics under
the Make in India framework highlights successful public-private partnerships, enhancing
indigenous capabilities and reducing reliance on foreign technology in critical sectors.

 Foxconn's Investment in India: Foxconn's establishment of manufacturing facilities in India

for electronics production demonstrates the initiative's effectiveness in attracting global
players, creating jobs, and fostering local supply chains, thereby contributing to India's goal
of becoming a manufacturing hub.

Page 2.3: Contributions to Employment Generation

 Job Creation in Manufacturing: The Make in India initiative is projected to create millions of
jobs in the manufacturing sector, significantly reducing unemployment rates and providing
diverse employment opportunities across various skill levels and industries.
  Skill Development Programs: By promoting skill development initiatives, the initiative
enhances the employability of the workforce, ensuring that individuals are equipped with
relevant skills needed for modern manufacturing processes, thus bridging the skill gap in the
labor market.

 Support for Small and Medium Enterprises (SMEs): The initiative encourages the growth of
small and medium enterprises, which are crucial for job creation, by providing access to
funding, technology, and market opportunities, thereby fostering entrepreneurship and local
employment generation.

Page 2.4: Foreign Direct Investment Trends

 Surge in FDI Inflows: Since the inception of the Make in India initiative, there has been a
remarkable increase in foreign direct investment (FDI) inflows, particularly in manufacturing
and technology sectors, indicating heightened global investor confidence in India's economic
potential.

 Sectoral Distribution of FDI: The FDI trends reveal a significant concentration in key sectors
such as electronics, automotive, and pharmaceuticals, showcasing the initiative's
effectiveness in attracting investments that align with India's strategic growth objectives and
industrial capabilities.

 Impact of Policy Reforms: The implementation of various policy reforms aimed at improving
the business environment has played a crucial role in enhancing FDI attractiveness, leading
to streamlined processes and incentives that encourage foreign companies to establish
operations in India.

Section 3: Challenges and Barriers

Page 3.1: Regulatory and Policy Challenges

 Complex Regulatory Framework: The Make in India initiative faces challenges due to a
complex and often fragmented regulatory framework that can hinder the ease of doing
business, leading to delays in project approvals and compliance requirements for
manufacturers.

 Inconsistent Policy Implementation: Variability in policy implementation across different

states creates uncertainty for investors, as local governments may have differing
interpretations of national policies, impacting investment decisions and operational
efficiency.

 Need for Streamlined Processes: There is a pressing need for streamlined processes and
clearer guidelines to facilitate smoother interactions between businesses and regulatory
bodies, which would enhance investor confidence and promote a more conducive
environment for manufacturing growth.

Page 3.2: Infrastructure and Skill Gaps

 Inadequate Infrastructure Development: The Make in India initiative is significantly

hampered by insufficient infrastructure, including transportation, power supply, and logistics,
which are critical for efficient manufacturing operations and can deter foreign investment.
  Skill Mismatch in Workforce: There exists a notable gap between the skills possessed by the
workforce and the requirements of modern manufacturing industries, necessitating targeted
training programs to enhance employability and productivity in the sector.

 Investment in Education and Training: To address skill gaps, there is a pressing need for
increased investment in vocational education and training programs that align with industry
demands, ensuring a skilled labor force capable of supporting the initiative's objectives.

Page 3.3: Global Competition and Market Dynamics

 Impact of Globalization: The Make in India initiative must navigate the complexities of
globalization, where increased competition from countries like China and Vietnam poses
challenges for Indian manufacturers to remain competitive in pricing and quality.

 Market Demand Fluctuations: Global market dynamics, including changing consumer

preferences and economic conditions, significantly influence the demand for manufactured
goods, necessitating adaptability in production strategies to meet international standards
and trends.

 Strategic Alliances and Collaborations: To enhance competitiveness, Indian manufacturers

are encouraged to form strategic alliances with global firms, leveraging technology transfer
and best practices that can bolster innovation and efficiency within the domestic
manufacturing landscape.

Page 3.4: Addressing Environmental Concerns

 Sustainable Manufacturing Practices: Emphasizing the adoption of sustainable

manufacturing practices is crucial for minimizing environmental impact, including the use of
renewable energy sources, waste reduction techniques, and eco-friendly materials to align
with global sustainability goals.

 Regulatory Compliance and Standards: Ensuring compliance with environmental regulations

and standards is essential for manufacturers under the Make in India initiative, as adherence
not only mitigates ecological damage but also enhances corporate reputation and market
competitiveness.

 Community Engagement and Awareness: Engaging local communities and raising awareness
about environmental issues related to manufacturing can foster a collaborative approach to
sustainability, encouraging responsible practices and promoting social responsibility among
businesses.

Section 4: Future Prospects and Strategies

Page 4.1: Strategic Initiatives for Growth

 Enhancing Policy Framework: Streamlining regulatory processes and simplifying compliance

requirements will create a more conducive environment for manufacturers, encouraging
both domestic and foreign investments under the Make in India initiative.

 Investment in Infrastructure: Prioritizing the development of robust infrastructure, including

transportation, logistics, and energy supply, is essential to support manufacturing growth
and attract global players to establish operations in India.
  Focus on Skill Development: Implementing targeted skill development programs aligned
with industry needs will ensure a skilled workforce capable of meeting the demands of
modern manufacturing, thereby driving productivity and innovation.

Page 4.2: Role of Technology and Innovation

 Driving Manufacturing Efficiency: Technology plays a crucial role in enhancing

manufacturing efficiency through automation, robotics, and advanced manufacturing
techniques, which streamline production processes and reduce operational costs, ultimately
boosting competitiveness in the global market.

 Fostering Research and Development: Innovation is essential for fostering research and
development (R&D) within the manufacturing sector, enabling companies to create new
products and improve existing ones, thereby meeting evolving consumer demands and
maintaining relevance in a rapidly changing marketplace.

 Facilitating Digital Transformation: The integration of digital technologies such as the

Internet of Things (IoT), artificial intelligence (AI), and big data analytics is transforming
traditional manufacturing practices, allowing for real-time monitoring, predictive
maintenance, and enhanced decision-making capabilities that drive growth under the Make
in India initiative.

Page 4.3: Collaborations and Partnerships

 Enhancing Innovation Through Alliances: Collaborations between government, industry, and

academia are vital for fostering innovation within the Make in India initiative, as they
facilitate knowledge sharing, research development, and the creation of cutting-edge
technologies that can enhance manufacturing capabilities.

 Attracting Global Investment: Strategic partnerships with international firms can significantly
boost foreign direct investment (FDI) in India, as these collaborations often bring in capital,
advanced technologies, and best practices that are essential for establishing a competitive
manufacturing ecosystem.

 Strengthening Supply Chains: Collaborations among local manufacturers and global

suppliers help in building resilient supply chains, ensuring that Indian industries can
efficiently source materials and components while also enhancing their ability to respond to
market demands and disruptions.

Sources

Clean All

1. The “Make in India” Campaign is aimed at making India a manufacturing hub and the
government is pulling out all the stops to make the investment smooth.

https://www.scribd.com/document/451688939/Make-in-India-The-Way-Ahead-Economics-Project-
Class-12

2. Under the Make in India programme, indigenous manufacturing is expected to increase by

12-14% per annum over the medium term. As per the World ...

https://www.slideshare.net/slideshow/make-in-india-the-way-ahead-class-12-economics-project/
208729090
 3. Make in India is a Government of India scheme launched by Prime Minister Narendra Modi
in 2014 intended to boost the domestic manufacturing sector and also ...

https://byjus.com/free-ias-prep/make-in-india/

4. Make in India is an initiative by the Government of India to create and encourage companies
to develop, manufacture and assemble products in India

https://en.wikipedia.org/wiki/Make_in_India

5. A second round Make in India 2.0 to give a further boost came a few years later. However the
pandemic hit in 2020. This impacted the ...

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4384039

6. The 'Make in India' campaign to facilitate investment, foster innovation, enhance skill
development, protect intellectual property & build best in class ...

https://www.pmindia.gov.in/en/major_initiatives/make-in-india/

7. "Make in India" is an initiative launched by the Government of India to encourage domestic

and foreign companies to invest in manufacturing ...

https://www.quora.com/What-is-the-%E2%80%98Make-in-India%E2%80%99-project-A-personal-
insight-on-how-this-is-going-to-shape-the-economy-of-India-in-the-coming-few-years-would-be-an-
added-bonus

8. The "Make in India" Campaign is aimed at making India a manufacturing hub and the
government is pulling out all the stops to make the investment smooth.

https://www.cliffsnotes.com/study-notes/15000638

9. The Make in India initiative was launched in 2014 to transform India into a global
manufacturing hub, as India's economy was struggling.

https://www.slideshare.net/slideshow/make-in-india-the-way-ahead-by-nandini-gupta-12-w-2pptx-
258423504/258423504

10. Make in India is an initiative by the Government of India to create and encourage companies
to develop, manufacture and assemble products made in India.

https://www.scribd.com/document/740073602/ECONOMICS-PROJECT-MAKE-IN-INDIA-A-WAY-
AHEAD-1