The Make in India initiative was launched by Prime Minister in 25 September 2014 as part of a wider

set of nation-building initiatives. Devised to transform India into a global design and manufacturing
hub, Make in India was a timely response to a critical situation. By 2013, the much-hyped emerging
markets bubble had burst, and India’s growth rate had fallen to its lowest level in a decade. The promise
of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged
as one of the so-called ‘Fragile Five’. Global investors debated whether the world’s largest democracy
was a risk or an opportunity. India’s 1.2 billion citizens questioned whether India was too big to succeed
or too big to fail. India was on the brink of severe economic failure, desperately in need of a big push.
Process of making “Make in India”
“Make in India” recognizes an ongoing global campaign and ease of doing business are the two
important factors to give a boost to entrepreneurship not only in the manufacturing sector but also in
other sectors. “Zero Defect Zero Effect” slogan emphasizes on production cycle. It means that
producing goods with zero defect and there should be no adverse effect on the environment.
 New Infrastructure Availability of modern and facilitating infrastructure is
a very important requirement for the growth of industry.
Government intends to develop industrial corridors and
INITIATIV smart cities to provide infrastructure based on state-of-
E
the-art technology with modern high-speed
communication and integrated logistic arrangements.
Existing infrastructure to be strengthened through
upgradation of infrastructure in industrial clusters.
Innovation and research activities are supported through
fast paced registration system and accordingly
infrastructure of Intellectual Property Rights registration
set-up has been upgraded. The requirement of skills for
industry are to be identified and accordingly
development of workforce to be taken up.
‘Make in India’ recognizes ‘ease of doing business’ as
the single most important factor to promote
entrepreneurship. A number of initiatives have already
been undertaken to ease business environment. The aim
is to de-license and de-regulate the industry during the
entire life cycle of a business.
 New Industry is accustomed to see Government as a
regulator. ‘Make in India’ intends to change this by
bringing a paradigm shift in how Government interacts
INITIATIV
E
Mindset with industry. The Government will partner industry in
economic development of the country. The approach will
be that of a facilitator and not regulator.
The Make in India program has been built on layers of
collaborative effort. There has been from Union
Ministers, Secretaries to the Government of India, state
governments, industry leaders, and various knowledge
partners. A National Workshop on sector specific
industries in December 2014 brought Secretaries to the
Government of India and industry leaders together to
debate and formulate an action plan for the next three
years, aimed at raising the contribution of the
manufacturing sector to 25% of the GDP in the coming
years. ‘Make in India’ has identified 25 sectors in
manufacturing, infrastructure and service activities and
detailed information is being shared through interactive
web-portal and professionally developed brochures. FDI
has been opened up in Defence Production, Construction
etc.
Objectives of Following are the main objective of “Make in India”
• To get manufacturing sector grow over 100 percent
on sustained basis.
“Make in India” • To make India a manufacturing hub for almost all
manufactured goods.
• To bring inflow of foreign capital on large scale.
• To generate employment opportunities for the Indian
youth.
• To create inflow of modern technology in India.
• To create inflow of labor intensive technology in
India.
• To transform the economy from service driven
growth
• Model to manufacturing driven growth model.
• To unveil investment opportunities for foreign
Companies
• NRIs, Investment groups and Investment bodies.
• To create investor friendly environment in India
• To make speedy infrastructure growth to create a
strong
• Base for industrial development
• To make easy licensing provision and speedy
approval of the projects through online portals.
Sectors Following are the sectors covered (Make in India)
• Automobiles • Electronic system
• Food Processing • Railways
Covered • Renewable Energy • Ports
• Automobile Components
• IT and BPM
• Roads and highways
• Aviation
• Leather
• Space
• Biotechnology
• Media and Entertainment
• Textiles and garments
• Chemicals
• Mining
• Thermal Power
• Construction
• Oil and Gas
• Tourism and Hospitality
• Defense manufacturing
• Pharmaceuticals
• Wellness
 Advantages and disadvantages of “Make in India”

Advantages Disadvantages
 Develops job opportunities.  Negligence in the agricultural
 Improves GDP (Gross sector.
development product).  Depletion of natural resources
 Strengthens the Rupee.  The loss to small entrepreneurs.
 The brand value of Indian  Bad relations with China.
merchandise increases.  Disruption of land
 Ease of Business.
 The flow of capital changes.
 Development of rural areas.
 Increase in defense
manufacturing.
 Conclusion

In this way, “make in India” Campaign is a great opportunities for Indian economy, but at the same
time it will pose certain challenges for the Indian managers. creating healthy business environment,
development of skills, lack in research and development, creating labor intensive technology, increasing
competitiveness of Indian manufactured goods, are some of the examples of challenges that the Indian
manager will face because of the “make in India “ campaign launched by the prime minister Mr.
Narendra Modi. If these challenges are tackled constructively, the growth of Indian economy will take a
new pace.
Presented by -: Dev Raushan
Class -: X (D)
Roll no. -: 10
Holiday Homework (MAKE IN INDIA)