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Make in India

In: Business and Management

Submitted By setu5357
Words 970
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Make in India: Reverie or Reality


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 to generate jobs, attract much foreign direct investment, and transform India into a manufacturing hub preferred around the globe.

In order to get a realistic picture we will evaluate “make in India” With SWOT analysis


* Natural resources * skilled labor

India is a country rich in natural resources. Skilled labor and a large domestic market is easily...

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