Make In India Scheme | Make In India Campaign

MAKE IN INDIA CAMPAIGN | SCHEME FULL EXPLANATION

Make in India is a government scheme, launched by Honourable Prime Minister on September 25, 2014. meant to boost manufacturing sector in india.

Goals of Make in india scheme:

• Growth of 25 sectors of Indian economy.
• To grow the manufacturing contributionin national GDP to a 25%.
• Generating employment in both skilled and unskilled levels.
• To encourage, both Indian and foreign investors to invest in India for the manufacturing sector.
• To increase the number of entrepreneurs in India.
• To promote India as an favourable investment destination and a global hub in manufacturing

Why Make in india scheme:

If you check some of your items in your house, you may see "made in china" tag on most of those items. this clearly shows us our country is importing more products from china or other countries. it leads to "trade deficit"( imports of a country is more than the exports of the country), which is really bad for any country's economy. so, in order  to boost the domestic manufacturing sector and also to augment investment into the country. The government intends to revive the manufacturing sector in order to increase the growth of the economy. It will be the beginning of a new era of production, a swadeshi movement which Mahatma Gandhi dreamt of.

What Make in india logo depicts: 

The actual logo we often see is a "powing lion with cogs"

Make In India Logo

Actually it is one of 30 lions, each represents a different sector ..

Those are 

The 'Make in India' campaign’s lion was designed by a team of indians led by creative head V.sunil of a Indian subisdary of US agency Wieden+Kennedy.( As per RTI revlealed  info.)

The logo is inspired by India's strongest symbol ever-TheAshoka emblem+ a bit of RBI.

The lion depicts courage, tenacity & wisdom - all Indian values,
wheels denotes peaceful progress and dynamism - a sign of india's enlightened past and points vibrant future.

Four pillers of Make in india:

The “Make in India” initiative is based on four pillars.

those are, 

New process : To create ease of doing business environment. The aim is to de-license and de-regulate the industry during the entire life cycle of a business.

New infrastructure : Government intends to develop industrial corridors and smart cities to provide infrastructure based on state-of-the-art technology with modern high-speed communication and integrated logistic arrangements. 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.

New sectors : Make in India’ has identified 25 sectors to promote with the detailed information being shared through an interactive web-portal. the 25 sectors are 

Make in India website has listed 25 focus sectors and also furnishes all relevant details about these sectors and related government schemes, including the FDI policies.

New Mindset: Government in India has always been seen as a regulator and not a facilitator. This initiative intends to change this by bringing a paradigm shift in the way Government interacts with various industries. The government will act like an partner with the corporate sector in the economic development of the country.

Benefits Of Make in india Scheme :

• Make in India will enhance the chances of updating technology, proficiency, efficiency etc. in our country.
• Persons of high technological background can be absorbed here for the benefit of our country’s development. 
• It will make a way for quality products in the market and thereby increase the demand for the products globally.
• We will be self sufficient on our demands in various products. 
• Small and medium producers will be maximum benefited.
• It will largely reduce poverty, unemployment and the gap between rich and poor.
•  It will be a boost to propagate Indian culture and tradition.  

Disdvantages of Make india scheme 

• Manufacturing sector requires land. this may affect cultivable land.
• rapid industrialisation can lead to a depletion of natural resources. 
• The manufacturing industry may cause pollution and environmental hazard.
• with Increasing manufacturing units, labour work force also increases, we need more changes in labour laws and skill development and so on.

The sectors like railways, insurance, defence and medical devices have been opened up for more Foreign Direct Investment (FDI). Other permits and licenses required to start a business have also been relaxed. Reforms are being undertaken in areas like infrastructure, property registration, payment of taxes, getting power connection, enforcing contracts etc.  

    India is the second largest importer, after Saudi Arabia, of defence equipments such as fighter jets, sophisticated arms, war equipments etc. and a huge outflow of foreign exchange occurs on this count. Make in India can save a huge amount of money in this context. Recently our government has increased FDI limit in defence industry from 49 percent to 74 percent and issued directives for procurement of 26 spares and military equipments from domestic suppliers. 

    In the recent reform measures by the government amid covid 19 crisis, Rs.20 lakh crore economic packages has been announced to help the needy labourers and migrants for basic necessities, to revive MSME sector, agricultural sector, other production sectors thereby increasing economic growth, employment opportunities and production. In a recent message our Prime Minister has informed that there is a good opportunity for India to utilise covid 19 crisis to promote Make in India, by attracting the firms which are planning to exit from China. By overcoming the challenges and harnessing evolving opportunities, Make in India, a visionary scheme can make India an economically strong country.