...MAKE IN INDIA – PROSPECTS OF ELECTRONIC SECTOR Presented By: Sandeep.P.S, Akhila Reddy FEBRUARY 26, 2015 SIVA SIVANI INSTITUTE OF MANAGEMENT KOMPALLY, HYDERABAD PAPER PRESENTATION MAKE IN INDIA – PROSPECTS OF ELECTRONIC SECTOR Students-PGDM D. Akhila Reddy (ph:8008603183, mail: akhila.23tps@ssim.ac.in) Sandeep P.S(ph:09037323232, mail: Sandeep.23tps@ssim.ac.in) Siva Sivani Institute of Management, Secunderabad. ABSTRACT “Make in India” is an international marketing strategy, conceptualized by the Prime Minister of India, Narendra Modi on 25th September 2014 to attract Foreign direct investments from businesses around the world. Ultimately this process will strengthen the India's manufacturing sector. The campaign's purpose is to enhance job creation, boost the national economy and convert India to a selfreliant country and to give the global recognition to Indian economy. The purpose of Make in India is to convert the Indian economy as the manufacturing hub and to transform the Indian economy. India is inviting the investors from the rest of the world by eliminating laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable. India is well known for software industry but lagging in hardware industry, therefore India is importing most of the electronic goods like Mobiles, Laptops, Flat panel LED, LCD TVs from foreign countries like Japan, China USA,UK, Singapore etc. as they have the brand...
Words: 1884 - Pages: 8
...I C T Essay writing M a k e I n INDIA M a k e I n INDIA Competition Done By- M. Karthik Balaji Class- IX- B Roll No- 11 School- St. John’s Public School Done By- M. Karthik Balaji Class- IX- B Roll No- 11 School- St. John’s Public School Make in India * M. Karthik Balaji I t has very nearly been 66 years since we, as one nation, took the reins of our destiny in our own hands. And while that still places us as a relatively young democracy (the US, for example, signed the declaration of independence in 1776), the fact that the first generation born after that fateful midnight has now started retiring is a noteworthy milestone. As a people who use the same word for tomorrow as for yesterday, keeping track of the passage of time and the changes it brings along is not something we are very adept at. The vastness and the diversity of this nation make this task no easier. With a colourful and noisy population, India is perhaps the perfect example of what anthropologist Edward Hall described as a “high-context” society. Such societies are marked by an environment of familiarity and universally-shared polite fiction, where a lot goes unsaid, or is said in just a few words. As a result, much is left to be implicitly understood from context. This inevitably makes the modern historian’s job even tougher, especially given the vagueness and the flowery sense of political correctness of any recorded letter or conveyed opinion. The welcome emphasis in our foreign investment policy on...
Words: 1331 - Pages: 6
...Make in India: Reverie or Reality Abstract: Make in India is the BJP-led NDA government's flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The intention is to revive manufacturing businesses and emphasizing key sectors in India and to address the growing concerns that most entrepreneurs are moving out of the country due to its low rank in ease of doing business ratings. Current scenario: The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. The four pillars are: * ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. * Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication. * FDI has been opened up for new sectors like Defense production, Insurance, Medical Devices, and Construction and Railway infrastructure in a big way. * In order to partner with industry in economic development of the country Government shall act as a facilitator and not a regulator. Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government expects...
Words: 970 - Pages: 4
...MAKE IN INDIA The Industrial revolution which started in 18th century which converted mainly Agrarian , rural societies of America and Europe and industrialized and urbanized them. Manufacturing at large scale , complex and efficient manner made those nation’s economy prosper . There is a chain of transformation throughout the world which is from Agrarian economy to Manufacturing based economy to Services based economy . But in case of India’s our GDP composition sector wise , Services(56.9 %),Manufacturing (25.8 %) and agriculture(17.4 %) . So we actually skipped manufacturing and directly went to services based economy which is untenable in the long run. So the present NDA government is giving all the right signals by the slogan “Make In India” , they actually want to boost the manufacturing sector growth and higher contribution to overall GDP. The most important attributes which help in development of manufacturing sector : * Infrastructure : Manufacturing sector is totally dependent on the level of infrastructure support their in the country . Limitation : 1) But presently the level of infrastructure is poor , shortcoming while transporting raw materials and finished products to their respective destination , power shortage for running the plants . 2) The banks in India are not big enough compared to the banks of developed economies or other emergent economies to fund large infrastructure projects Steps Taken/Proposed...
Words: 1166 - Pages: 5
...MAKE IN INDIA REPORT Place: Chandigarh PHD Date: 25th September 2014. INTRODUCTION PrimeMinister Narendra Modi launched the 'Make in India' campaign on Thursday, ahead of his maiden visit to the US, rolling out the red carpet to investors to catapult India, on the global manufacturing stage. The focus will be on 25 sectors and the respective ministries - heavy industries, telecom, power and others. All this to develop India or as the prime minister says, to 'First develop India'. The event apart from attracting the Indian corporate bigwigs saw participation from representatives from companies from countries such as US, Japan, Korea, Sweden, Poland, Australia, China, Italy, Germany and France. The Prime Minister acknowledged that India has not been the friendliest nation to do business in, assured investors that the country is headed for a change. He made a compelling pitch for India, mentioning that only India offers the 3Ds: Democracy, Demography and Demand. He emphasized digital technology as being an integral part of the change and advocated a 'Look East' and 'Link West' policy in the country. Narendra Modi highlighted some very specific initiatives that will help drive this change. He also mentioned some very specific KPIs to measure the effectiveness of the campaign. A few of these are detailed below: 1. An increase in manufacturing sector growth to 12-14% per annum over the medium term. 2. An increase in the share of manufacturing in the country’s Gross Domestic...
Words: 1228 - Pages: 5
...4/14/2015 Essay on Swachh Bharat Abhiyan Clean India Mission Essay Search Home Festivals Events Social Issues ► Hindi Essay ► Rural India ► It in India Essay Speech Quotes Rhymes ► Tree India Swachh Bharat Abhiyan Essay Essay on Swachh Bharat Abhiyan Swachh Bharat Abhiyan is a cleanliness campaign run by the government of India and initiated by the Honourable Prime Minister, Narendra Modi. It is a most important topic which our kids and students must know and be aware of this mission. It is a general topic which students are generally given in their schools to write or say something on Swachh Bharat or Swachh Bharat Abhiyan. We have provided below some simply written essays on this topic in order to make your kids gets participated in the essay writing competition or competitions. Swachh Bharat Abhiyan Essay 1 (100 words) Swachh Bharat Abhiyan is also called as the Clean India Mission or Clean India drive or Swachh Bharat Campaign. It is a national level campaign run by the Indian Government to cover all the backward statutory towns to make them clean. This campaign involves the construction of latrines, promoting sanitation programmes in the rural areas, cleaning streets, roads and changing the infrastructure of the country to lead the country ahead. This campaign was th officially launched by the Prime Minister, Narendra Modi on 145 birth anniversary of the Mahatma nd Gandhi on 2 of October...
Words: 2434 - Pages: 10
... As we do people in India have their dominant religions that they practice. Hinduism is the most popular religion in India and makes up about 80% of Indians. There are also two other religions which are Buddhism and Jainism that are practiced. Only around 0.5% of Indians are Jains and 0.7% is Buddhist. These three religions have been around India since BC and make up the Indian religions. To go along with different religions there are also different languages that are spoken by Indians. The Hindi language makes up of about 20% of the people in India and is the most popular of all the languages spoken in India. English is also spoken in most of the regions in India. ("Popular Indian language," ) Different states in India have different languages and some states have more than one official language. Bihar which is in east India has three official languages Hindi, Urdu and Bengali. Sikkim has four official languages but only Nepali is recognized by the central government ("Popular Indian language," ) The Central government decided that Hindi was to be the official language of India to not get confused with the 18 other languages that are spoken in India. In India there are certain ways that people eat and drink and also there are different foods eaten as well. In Indian homes people should always politely turn down the first offer of tea, coffee, or snacks. You will be asked again but saying no the first time is part of the protocol ("India - language,,).Different...
Words: 958 - Pages: 4
...3. Discussion ABC Limited should choose a suitable market entry strategy before they enter India. There are five models of entry, including exporting, licensing, franchising, specialized modes and foreign Direct Investment (Griffin and Pustay, 2013). Appendix table 1 shows advantages and disadvantages of different modes of entry. Foreign Direct Investment is one of the modes of entry and it is suitable entry model for ABC Limited. Because according to compare with them, Foreign Direct Investment maintains more control and high profit potential in Business than others (details in table 1). Foreign Direct Investment refers to an investment made by business enterprise in one country into a company in another country (Oxford Reference, 2009). It...
Words: 2146 - Pages: 9
...uncertainty, yes it would be something new but it will give you the power of experimenting, it will give you newer options and finally it will make your dreams come true. Then in 1991, under the leadership of Shree PV Narasimha Rao, India embraced Liberalization and Globalization. Since then India has become a hub for various brands ranging from Panasonic and Suzuki to Sony, Mercedes, Audi and what not. Today, India, popularly known as the land of snake charmers in the West, is undergoing a massive transformation and charming the world with its 3D effect- Democracy, Demography and Demand. The world’s largest democracy went for election in mid 2014 and its resultant was a stable government giving hope to the fellow Indians to building a new nation and providing aspirations to the foreign investors about India as an investment destination Our Prime Minister, Mr. Narendra Damodar Modi has inarguably taken it upon himself to market India globally. As a move to boost cross country relationship, tourism and trade, the Prime Minister travelled to popular and powerful countries of the world offering a hard to resist deal of ‘Make in India’. With opening its avenues for Foreign Direct Investment (FDI), India story is selling big time across the world as the favorite destination to attracting foreign investors. The fact was further corroborated as India topped the list...
Words: 2206 - Pages: 9
...continue to be the official language of India. English is used as the official language in India. Yes • English is one such language that is understood by people from different castes and states, and therefore deserves to be the official language of India. • If any other language is tried to make the official language, all the regional parties will start the battle of making the state level as official language of India. • If Hindi is given priority then it will create differences among the people who don’t speak it making them feel as second class citizens. • Region C forms an important part of India that got agitated when PM Modi used Hindi for its diplomatic talks. • The use of English language is as per the requirement of being a part of globalization and there is nothing wrong in it. No • Forget about all the different castes and religions as Indians have their own national language that is Hindi, and that should only be the official language of India. • It is the duty of the government to take the measures so that people all over in India can read, write and speak in Hindi. • Already Indian has adopted the western culture in many ways. If it continues there will be no personal or rather say national identity of India. • In this case, India should learn something from Pakistan who made the Urdu as their official language after the division of country. • The small little steps are the ways that will make sure that the people from different...
Words: 404 - Pages: 2
...Foreign Direct Investment in India & China !! Vivek Bhurat (MBA) # 3-4-1013/22, Flat No. 201, Vijetha Sai Mohini Apts., Barkatpura, Hyderabad - 500027. Mobile : 9000400076, E-mail : svivekbhurat@gmail.com Abstract The purpose of this article is to highlight the important determinants of FDI inflow in India & China. This article attempts to answer the question: "What are the important factors attracting FDI inflow in China then that of India?" It is concludes that market size, population, low labor cost, quality infrastructure, open policies to international trade, economic policies, tax policies, etc. are important factors of FDI inflow. Theoretically, it will fill the gap in the literature and help to the economists and investors to understand the This study aims to helps to know the future of india in terms of development in reference to Foreign Investment. The changing trends in the government & economy of india have been the indicators of development of India. The main objective of this study is to compare the flow of FDI in INDIA & CHINA and to bring the revolution in the development of india by the schemes taken by india to attract foreign investment. The crucial step in this revolution is the campaign “Make in India” an intiative by Shri Narendra Modi, Honourable Prime Minister of India. This paper also highlights the foreign direct investment (FDI) policy under the campaign “Make in India”. Introduction India & China has the huge...
Words: 2456 - Pages: 10
...Starbucks Going to India Prepared by: Group A Contents Module 2: ANALYZING INTERNATIONAL COMPETITORS 6 Module 3: ASSESSING THE ECONOMIC-GEOGRAPHIC ENVIRONMENT 7 Module 4: ASSESSING THE SOCIAL-CULTURAL ENVIRONMENT 10 Module 5: ASSESSING THE POLITICAL LEGAL ENVIRONMENT 13 Module 6: SELECTING A GLOBAL COMPANY STRUCTURE 15 Module 7: FINANCING SOURCES FOR GLOBAL BUSINESS OPERATIONS 16 Module 8: CREATING A GLOBAL MIS (MANAGEMENT INFORMATION SYSTEMS) 18 Module 9- IDENTIFYING HUMAN RESOURCES FOR GLOBAL BUSINESS ACTIVITIES 19 Module 10 – MANAGING INTERNATIONAL FINANCIAL AND BUSINESS RISKS 21 Module 11 - PRODUCT AND TARGET MARKET PLANNING 22 Module 12: DESIGNING A GLOBAL DISTRIBUTION STRATEGY 24 MODULE 13: PLANNING A GLOBAL PROMOTION STRATEGY 25 MODULE 14—SELECTING AN INTERNATIONAL PRICING STRATEGY 27 MODULE 15— DETERMINING ORGANIZATIONAL FINANCIAL RESULTOVERVIEW 28 References: 31 Module 1: IDENTIFYING GLOBAL BUSINESS OPPORTUNITIES Global Business Opportunities We are the Starbucks Corporation; we purchase and roast whole bean coffees. Majority of our stores are in the United States, but we also have international stores. Starbucks Corporation has successfully been in business since 1971. India has the youngest population in the world and will stay young. Starbucks Co. has found the opportunity to expand internationally to India and believes that it can be a huge success. Potential Markets Starbucks would like to first start its operation in urbanized areas of India. We believe...
Words: 8736 - Pages: 35
...EGT1 Global Business Cross Cultural Differences in India Western Governors University India has become a global conduit for business as they have liberalized their economic policies over the past 20 years. Companies are flocking to India because of many factors, including, less expensive labor costs, increasing growth rate, and an abundance of a highly skilled workforce. These factors in addition to other advantages have substantially increased the number of United States businesses looking to grow beyond the U. S borders into the county of India. Dunlop Software Consultant’s goal is to also expand its operations internationally and believes that India has the business environment to meet our goal of expansion globally. Accordingly, I will be examining cross cultural challenges, differences in business practices, and ethical issues that we encounter as by expanding operations into India. As we consider our expansion of our consulting business into India, there are cultural differences that we must consider and understand. There are obvious cultural differences between business and personal standards in the U.S and India. The first major cross-cultural difference to be aware of is communication. India has a culture of hierarchy that can be traced back to the caste systems of 3000 years ago. (Kumar, 2005) The caste system is a rigid and upward mobility is difficult if not impossible. Although India abolished the caste system it continues to have steeped tradition...
Words: 2783 - Pages: 12
...IT from India’ to 'IT for India' Bottom of Form India has come a long way as a supplier of IT services to the world. Analysts say that India has revolutionized the services sector the same way as Japan changed the manufacturing sector. But, Indian IT sector has mainly catered to a global market, and very little was done for the local market in India in the past. India presents a very large untapped market in terms of technology adoption and usage. The scope of technology development for India as a market is at a position when the world was some 15 years ago. The major advantage is that India can start implementing technology from the point where the rest of the world is right now. It can leapfrog ahead of the rest of the world with very little legacy technology to cope with. Indian Market-India should be considered not as a country but as another world in itself. People have committed the mistake of considering it as a single big unit of similar attributes and needs or in other cases, seen little value in understanding the diversity of the country. They concentrated more on the well-off English speaking crowd of the country and never seen any true value in tapping the regional segments. FMCG, Education, Entertainment almost everyone else except IT has understood the value of tapping into the regional segments. This can be mainly attributed to the fact that IT was never meant for the Indian market. While other industries aimed to cater to local demand, IT was basically present...
Words: 1325 - Pages: 6
...In Traveling to India you must first appreciate its vast size and large diversity. India’s land size makes it the seventh largest country in the world. India is also has the second largest population with over one billion. Religion is very diverse with religions representing Hindus, Muslims, Christians, and Buddhists. Religion is very important in India and plays an important role in the personal lives of the people, and often contributes to relationships and business conducted their. India has 18 constitutionally recognized languages; however, English is the co-official language of the educated class, primarily because it is used in business dealings. India achieved its freedom from the British in 1947 and is today the world’s larges democracy. Since the early 90’s, India as opened its economy and allows foreign investment in most industries except some of its strategic industries. India’s average annual GDP over the past 25 years is around 6%. The national currency of India is the Rupee. In the past few years India has begun to emerge as a global player in the Information Technology area. India has no barriers to the entry of foreigners into the country and is fairly easy to get a visa, but entry from Pakistan can be more difficult. When traveling to India to conduct business, it is important to keep in mind that the view of time in America is not the same as people in India view it. If you have an appointment or meeting in India, be prepared for it to change at...
Words: 856 - Pages: 4
