Make in India, a type of Swadeshi movement covering 25 sectors of economy, was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India. As per the current policy, 100% FDI (Foreign_Direct_Investment) permitted in all the 25 sectors, except for space (74%), defence (49%) and news media (26%). Japan and India announced a US$12 billion "Japan-India Make-in-India Special Finance Facility" fund.
After the launch, India received INR16.40 lakh crore (US$250 billion) worth of investment commitments and investment inquiries worth INR1.5 lakh crore (US$23 billion) between September 2014 to February 2016. As a result, India emerged as the top destination globally in 2015 for foreign direct investment (FDI), surpassing the USA and China, with US$60.1 billion FDI. Several states launched their own Make in India initiatives, such as Vibrant Gujarat, "Make in Haryana" and "Make in Maharashtra". India received US $60 billion FDI in FY 2016-17.
Combined with other initiatives by the end of 2017, India rose 42 places on Ease of doing business index, 32 places World Economic Forum's Global Competitiveness Index, and 19 notches in the Logistics Performance Index.
This initiative converges, synergises and enables other important Government of India schemes, such as Bharatmala, Sagarmala, Dedicated Freight Corridors, Industrial corridors, UDAN-RCS, BharatNet and Digital India.
Video Make in India
The "Make In India" initiative
Make in India was launched on 25 September 2014 with the objective of job creation and skill enhancement in 25 sectors of the economy, by improving the quality standards and minimising the impact on the environment, today labour and capital and technological investment in India.
Ease of doing business
India jumped to 100th place out of 190 countries in the World Bank's 2017 ease of doing business index, from 130th in 2016. In February 2017, the government appointed the United Nations Development Programme (UNDP) and the National Productivity Council to "to sensitise actual users and get their feedback on various reform measures". As a result, now there is competition among the states of India to improve their current ranking on the ease of doing business index based on the completion percentage scores on 98-point action plan for business reform under make in India initiative. Currently Telangana, Haryana, Odisha, Chhattisgarh and West Bengal (44.35%) are top five states (c. Feb 2018).
Ongoing global campaign
The campaign was designed by Wieden+Kennedy, with the launch a web portal and release of a brochures on the 25 sectors, after foreign equity caps, norms and procedures in various sectors were relaxed, including application of manufacturing application made available online and the validity of licenses was increased to three years.
"Zero Defect Zero Effect" slogan was coined by Prime Minister of India, Narendra Modi, to emphasize on the production mechanism that produces products with no defects with no adverse environmental and ecological effects.
"Make in India Week" multi-sectoral industrial event at the MMRDA from 13 February 2016 was attended by 2500+ international and 8000+ domestic, foreign government delegations from 68 countries and business teams from 72 countries and 17 Indian states also held expos. Event received over INR15.2 lakh crore (US$230 billion) worth of investment commitments and investment inquiries worth INR1.5 lakh crore (US$23 billion), where Maharashtra led with INR8 lakh crore (US$120 billion) of investments. Previously between September 2014 and November 2015, the government received INR1.20 lakh crore (US$18 billion) worth of proposals from companies interested in manufacturing electronics in India,
Maps Make in India
Sectors covered
Make in India focuses on the following 25 sectors of the economy:
Automobiles
General Motors announced an investment of US$1 billion.
In April 2017, Kia announced that the company would invest over $1.1 billion to build a car manufacturing plant in Anantapur, Andhra Pradesh. The facility is the company's first manufacturing plant in India. Kia stated that it would hire 3,000 employees for the plant, and it would produce 300,000 cars annually. Construction of the plant began in mid-2017, and is expected to be completed by March 2019. The first vehicles are scheduled to roll off production lines in mid-2019. Kia president Han-Woo Park announced that the first model produced at the plant would be an SUV specifically designed for the Indian market. Park also added that Kia would invest over $2 billion and create 10,000 jobs in India by 2021.
Automobile components
Hitachi an auto-component plant in Chennai by 2016 with the increase in their India employees count from 10,000 to 13,000.
Aviation
LH Aviation announced a manufacturing plant in India to produce drones.
Biotechnology
Chemicals
Construction
Defence manufacturing
India and Russia have deepened their Make in India defence manufacturing cooperation by signing agreements for the construction of naval frigates, KA-226T twin-engine utility helicopters (joint venture (JV) to make 60 in Russia and 140 in India), Brahmos cruise missile (JV with 50.5% India and 49.5% Russia). A defence deal was signed during Prime Minister Narendra Modi's visit to Russia in December 2015 which will see the Kamov Ka-226 multi-role helicopter being built in India, was widely seen as the first defence deal to be actually signed under the Make in India campaign. In August 2015, Hindustan Aeronautics Limited (HAL) began talks with Russia's Irkut Corp to transfer technology of 332 components of the Sukhoi Su-30MKI fighter aircraft under the Make in India program. These components, also called line replacement units (LRUs) refer to both critical and non-critical components and fall into four major heads such as Radio and Radar; Electrical & Electronics System; Mechanical System and Instrument System.
Lockheed Martin announced in February 2016 its plans to manufacture F-16 in India, although it did not announce any time frame. In February 2017, Lockheed stated that it intended to manufacture the F-16 Block-70 aircraft with a local partner in India, if the Indian Air Force agreed to purchase the aircraft.
Boeing announced setting up a factory to assemble fighter planes, either the Apache or Chinook defence helicopter in India, as well as the manufacture of F/A-18 Super Hornet.
Exports
India confirmed that it will upgrade Myanmar's T-72 tanks, supply DRDO's radars to Armenia, Kamov 226 T multi-utility helicopters to Jordan, indigenously developed lightweight torpedoes to Myanmar (previously sold to Sri Lanka and Vietnam), Astra 70-kilometer range air- to-air missile and 40,000 pieces of a component used in Bofors artillery guns for Rs 322 crore to UAE, and manufacture DRDO weapons in Saudi Arabia by 2018 (Dec 2017 update).
Electronic systems
With the demand for electronic hardware expected to rise rapidly to US$400 billion by 2020, India has the potential to become an electronic manufacturing hub and government is targeting to achieve net zero imports of electronics by 2020. After the launch of this project, 24.8% of smartphones sold in India in the April-June quarter of 2015 were made in India, up from 19.9% the previous quarter.
Various companies pledged investment in India to begin manufacturing
- Foxconn: US$5 billion investment over 5 years in research and development and hi-tech semiconductor manufacturing facility in Maharashtra.
- Huawei: new research and development (R&D) campus in Bengaluru with an investment of US$170 million and telecom hardware manufacturing plant in Chennai.
- Lenovo: manufacturing of Motorola at Sriperumbudur near Chennai run by Flextronics.
- Micromax: 3 new manufacturing units in Rajasthan, Telangana and Andhra Pradesh with INR3 billion (US$46 million) investment).
- Qualcomm: "Design in India" programme to mentor ten Indian hardware companies with the potential to come up with innovative solutions and help them reach global scale.
- Samsung: 10 "MSME-Samsung Technical Schools" and manufacturing of Samsung Z1 in its plant in Noida).
- Spice Group: INR5 billion (US$77 million) mobile phone manufacturing unit in Uttar Pradesh.
- Vivo Mobile India began manufacturing smartphones at a plant in Greater Noida with 2,200 employs.
- Wistron: Taiwanese manufacturing of Blackberry, HTC and Motorola devices at a new factory in Noida.
- Xiaomi: smartphones at a Foxconn-run facility in Sri City made operational operational by producing Xiaomi Redmi 2 Prime.
Electrical machinery
Food processing
India is among the largest producers of fruits, vegetables, rice and milk globally with trade surplus in food items export.
Aarisa Pitha of Jharkhand, Gushtaba of Kashmir, Chicken Curry of Punjab, Khakhra and Khandvi of Gujarat, Bamboo Steam Fish, Vada and Medhu Vada of Karnataka, Khaja and Inarsa of Bihar and Kebab of Uttar Pradesh and Puran poli of Maharashtra have been selected as traditional regional food to be promoted in the ongoing campaign.
Marine Products Export Development Authority announced the deal to supply shrimp eggs to farmer in India for eventual exports of shrimp from India to other countries.
Exports
In December 2017, India announced it will shortly announce a new agricultural exports policy to promote Indian and organic foods, enhance compliance of phytosanitary international food-safety requirements, development of farm-to-port and farm-to-airport cold chain with focus on 25 farm export clusters.
Information technology and business process management
Leather
Media and entertainment
Mining
Oil and gas
Pharmaceuticals
Ports and shipping
Railways
Alstom/GE Transportation announced INR400 billion (US$6.1 billion) locomotive manufacturing factories in Madhepura and Marhaura in Bihar.
Renewable energy
Roads and highways
Space and astronomy
Thermal power
In May 2017, the Union Cabinet approved the construction of 10 indigenously-built Pressurised Heavy Water Reactors (PHWRs). The contracts for the reactors worth an estimated INR70,000 crore (US$11 billion) will be awarded to Indian companies. The construction 10 reactors with a combined nuclear capacity of 7 GW is also expected to create 33,400 direct and indirect jobs.
Textiles and garments
Tourism and hospitality
Wellness
References
See also
- Manufacturing
Citations
External links
- Official website
Source of article : Wikipedia
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