Make In India
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1.
INTRODUCTION
‘Make In India’ Movement
‘Make In India’ is a movement launched by the Government of India
on 25 September 2014 to encourage companies to manufacture their
products in India and also increase their investment. Ministry Of
Finance (India) plays a key role in its formation. Several states
launched their own Make in India initiatives, such as Make in Odisha,
Vibrant Gujarat, Happening Haryana and Magnetic Maharashtra. This
movement was launched with the objective of job creation, skill
enhancement, increase in export and foreign investment. This is a
really good initiative taken by the government for betterment of the
nation, India. India has a lot of resources and labourers which makes
easy for companies to set-up their factories and manufacture their
goods or services. This movement will help the nation to increase the
economy and help many citizens.
on 25 September 2014 to encourage companies to manufacture their
products in India and also increase their investment. Ministry Of
Finance (India) plays a key role in its formation. Several states
launched their own Make in India initiatives, such as Make in Odisha,
Vibrant Gujarat, Happening Haryana and Magnetic Maharashtra. This
movement was launched with the objective of job creation, skill
enhancement, increase in export and foreign investment. This is a
really good initiative taken by the government for betterment of the
nation, India. India has a lot of resources and labourers which makes
easy for companies to set-up their factories and manufacture their
goods or services. This movement will help the nation to increase the
economy and help many citizens.
2.
Knowing ‘Make in India’
Launch
The Indian Prime Minister, Narendra Modi with others launched the
Make in India initiative on September 25, 2014, with the primary goal
of making India a global manufacturing hub, by encouraging both
multinational as well as domestic companies to manufacture their
products within the country.
The Indian Prime Minister
The Prime Minister of India, Narendra Modi got his position on 26
May 2014 (re-elected on 26 May 2019) at the Rashtrapati Bhavan
located in Delhi. He plays a vital role in making and functioning of
this movement, Make In India. According to him, his ambitions are
to turn the country into a powerhouse of high-tech manufacturing
and create job opportunities for many. It is a really productive step
taken. A defense deal was signed during Prime Minister’s visit to
Russia in December 2015 which will see a helicopter being built in
India, was widely seen as the first defense deal to be actually signed
under the Make in India campaign.
Partnership
The movement is partnered with good firms and organizations from Union
Ministers, Secretaries to the Government of India, state governments, industry
leaders, and various knowledge partners. There are some of the well-known
companies too.
People, rules & laws
This movement is open for most of the companies whether domestic or
international. Though, this movement might not be illegal firms, high or
specific criminal record or unregistered companies. Use of the ‘Make in
India’ logo is strictly prohibited without permission of DIPP (Department
of Industrial Policy and Promotion).
The focus of Make in India program is on 25 sectors. These include;
automobiles, aviation, chemicals, IT & BPM, pharmaceuticals, construction,
defense manufacturing, electrical machinery, food processing, textiles and
garments, ports, leather, media and entertainment, wellness, mining, tourism
and hospitality, railways, automobile components, renewable energy,
biotechnology, space, thermal power, roads and highways and electronics
systems. It is open also for small-scale businesses and start-ups in India. The
government shall also fund the small industries to grow and compete if they
found necessary.
Contact & social
There is good coded website made by the staff for all the information,
opportunities, status and news regarding this movement. One can access
and we will find that all. This website really helpful and trustworthy as it is
official.
Apart from this website, this movement also has social media accounts. We
can find its account on Instagram, Twitter, Facebook and YouTube social media
platforms. For help and information, one may visit their office or contact
through phone number and email. Their office is located in Delhi as ‘Invest
India’ which is open from Monday to Friday at regular governmental timings
(10am to 5:30pm) except governmental holidays.
3.
Advantages & Limitations
Advantages
This movement brings plenty of advantages, like;
1. Develop Job Opportunity: One of the main purposes of Make in India
crusade is to provide job opportunities for as many citizens of India as
possible. It has targeted the young generation of the country primly.
Manufacturing and establishing offices and industries will bring a lot of jobs.
2. Ameliorate the Vicinity: In order to manufacture in India, a particular
industry requires a promising location to set up machinery as well as
factories. To fulfill this requirement, not only the areas were chosen would
be improved but also the neighboring locations will be highly benefited.
3. Expand GDP: Due to the manufacturing of products in India, it will help
the nation to develop and expand the GDP (gross domestic product).
4. Fortify the Rupee: The emergence of the manufacturing industries would
automatically convert India into a hub for the fabrication of various
commercial products; as a result, there would be a grand collection of the
FDI, which, in turn, would strengthen the rupee against the domination of
the American Dollar.
. 
5. Increase in Brand Value: Most of the urban population prefer international
brands rather than putting their faith in Indian retailers. As a result, the
small manufacturing companies suffer an extreme loss in the market. Due to
the Make in India campaign, such small manufacturers will be provided with a
real shot at the business. With, companies investing in such small time
retailers from all around the world, the brand value of Indian merchandise
will increase dramatically.
6. Upgradation of Technology: It will give the opportunity to make use of the
latest technology other countries bring along.
7. Ease of Business: India is a nation which ranked 130th on the ease of doing
business scale. But with the open invitation given to the entire world to
manufacture their products in India, the various restrictions opposed over the
entrepreneurs will be lifted and aspiring businessmen from all over the globe
could invest in India with no stress at all.
8. Availability of Young Minds: Most of the young generation of India plans to
move out of the country in the hope of a better future. Due to the lack of
young labour, India has always been deprived of innovative and new ideas.
With the Make in India campaign, the young population would not only be
provided with employment but also their young and fresh minds would take
the industrial sector to new heights.
9. Development of Rural Areas: It is a well-known fact, that a factory set up
not only improves a particular area but also provides for the locals with
employment, thus the quality of life of people would automatically enhance.
Amenities like schools, hospitals, and other public conveniences will be
developed for the betterment of the public.
10. Flow of Capital: Since the beginning of capitalization, the Indian currency
is being spent on the foreign countries. With the introduction of make in
India, the capital will not only remain in India, but also the foreign currency
wile provided to the nation as well. In a nutshell, India will not spend on
foreign countries, but the foreign countries will spend in India in the form of
investments and wages.
Disadvantages
There is nothing in the world which doesn’t come without disadvantages.
Here are some of them:
- Negligence of Agriculture: The most negative impact of the Make in
India campaign will be in the agriculture sector of India. It is a well-known
fact that Indian 61.5% cultivable land. With the introduction of Industrial
sectors, the agriculture in India will be neglected somewhat.
- Depletion of Natural Resources: Since Make in India is primarily based on
manufacturing industries, it demands the set-up of various factories.
Usually, such projects consume the natural resources such as water, land
etc. on a large scale. With the rapid devouring of such precious resources,
India might be left with zero opportunity to replenish them, threatening the
survival of such a large population in the near future.
- Loss for Small Entrepreneurs: The Make in India campaign welcomes foreign
countries to manufacture in India with open arms, this automatically eases
up the various restrictions over trade with foreign countries, inviting the
attention of the international commercial companies. However, these
companies will not only seduce the Indian population but also would
dominate the small local entrepreneurs and force them out of business.
- Disruption of Land: As stated above, India is very rich in the agriculture
sector. About 60% of the Indian soil is arable. With the emphasis being given
to the Make in India campaign, thousands of companies would come forth
to set up their factories on the land which could be used for cultivation.
Eventually, this set up of manufacturing factories would lead to the
permanent disruption of the agrarian land in the near future.
- Manufacturing based Economy: Indian economy is one of the largest
economies in the world. It constitutes of three sectors i.e. agriculture,
industry, and services. Now the Indian economy majors up from the service
sector which contributed up to 57% of the GDP. But with the introduction
of the Make in India campaign, the economy is likely to rely completely on
the manufacturing and exporting while the import industry will remain static.
This eventually will be a huge loss for the other economic sectors and would
automatically reduce the advancement of Make in India.
- Interest in International Brands: As stated earlier, the brand value of Indian
merchandise will definitely increase. But the Indian upper class, which can
actually afford such merchandise, is addicted to the foreign label. This will
eventually become a big hurdle for the local entrepreneurs as a great level
- of promotion is required to build the confidence of people in the local brands.
- Pollution: One of the biggest problems which are prevailing in India is
pollution. According to statistics, India has a pollution index of 76.50. With
the make in India movement, this pollution level is likely to arise in a couple
of years. Eventually, making the condition in India worse. Hence, Make in
India might be economically but it will have an inverse effect ecologically.
- Bad Relations with China: The Indo-China relation is already a problematic
cause for the country, with the initiation of the make in India crusade, India
stands as one of the most promising rivals for China. With the success of
Make in India, it is possible for the situation to become worse among the
two economically growing countries because India has the advantage of
young and skilled workforce over China which will expectedly take make in
India to new heights in the near future.
4.
Achievements & Success
Achievements
Being launched just some years back, Make In India gained quite good amount
of achievements and success. Here are some:
-
India achieved its highest ever FDI inflow for a financial year in2015-16.
2. India moved up one position to become the world’s seventh-most valued
‘nation brand’, with an increase of 32 per cent in its brand value in 2015
where it was the 8th rank in 2014.
3. Japanese technology giant Hitachi announced its plans to roll out
ATMs in India – one of Asia’s largest ATM markets.
4. India jumped 16 places to the 39th rank in 2016 from last year’s
55th position in the Global Competitiveness Index.
5. Around 20 lakh people trained under Pradhan Mantri Kaushal Vikas
Yojana (PMKVY).
-
World’s biggest phone manufacturing company, Samsung from
South Korea launched the world’s biggest phone-manufacturing factory in Noida.
7. India became the second-largest phone manufacturer in 2018.
8. Manufacturing sector of the country witnessed a growth about 14%.
Countries and companies on the movement
There are various companies and firms joining the movement, both domestic
and international. There are companies even from India’s so-called rival,
China.
and international. There are companies even from India’s so-called rival,
China.
-
Companies from United Arab Emirates are functioning in India include
Emaar, DP World, Abu Dhabi’s National Petroleum Construction Company,
Abu Dhabi National Energy Company, Drake and Scull International. These
are happy with this movement.
-
Companies from China like Alibaba and Xiaomi showed their full
backing for the project.
-
Companies from USA like McDonald’s, Coca-Cola, Microsoft, American
- Express and Ford were already in India, but now, companies like CISCO
- and Kodak is also marking up with Make In India.
-
Japanese Prime Minister, Shinzo Abe committed to supporting Make in
India initiative.
-
Germans are also interested in joining this movement and establishing
their industries. There was a launch event of Make In India organised in
Germany. The small and medium size German companies are going for this
movement.
-
A NOIDA-headquartered company, Lemon Electronics Ltd. planned to
invest ₹150 Crores under Make In India.
-
The Taiwanese company, Foxconn Technology who is one of the
world’s largest contract makers of electronic products, is developing
10-12 facilities in India, including factories.
-
Mercedes-Benz (from Germany) will be doubling its annual
capacity in India to 20,000 units, thanks to the Make in India project.
India will also be the first market to receive the GLA entry SUV
outside of Germany.
-
Creating a history in country’s manufacturing sector, a
consignment of six metro coaches made in Baroda, India, was
shipped to Australia from Mumbai Port in the year 2016. More metro
coaches were delivered later.
-
And there are more.
5.
Outputs and growth
There is a growth in many segments of the nation. India has
developed good relations and business deals with different
countries and the Indians as well.
Here are the graphs:
This graph shows the growth in manufacturing GDP:
This graph shows the increase in market share:
This graph shows the FDI distribution in different sectors:
6.
Inspiration
This movement is no doubt inspiring and one learns a lot from it. Many can
inspire from it and we have examples;
inspire from it and we have examples;
-
The India Lounge, set up by the India Brand Equity Foundation (IBEF)
was inspired by the Make in India programme.
-
Many domestic and international companies got inspired and joined
with this movement.
-
Some of entrepreneurs came up with their start-ups.
-
After this, North-Eastern citizens need a movement similar to this as
‘Make In North-East’.
-
There are many movements made under this, like, Make in Odisha,
Vibrant Gujarat, Happening Haryana and Magnetic Maharashtra.
-
Now, India also needs a ‘Trade In India’.
-
Other countries are also appreciating and inspired by this movement.
-
In response to the Make in India call, The United Kingdom
announced in January, about its campaign to forge collaborations with
Indian companies. Dubbed as the ‘Great Collaboration’, it will be the
first partnership between UK’s BP Petroleum company and India’s
Reliance Industries Limited for developing and producing energy.
The UK and the Indian Prime Ministers have already appreciated the
financial ties between the two countries.
-
On a smaller scale, Amity scientists have developed a 100%
safe, pure and indigenous herbal colours with absolutely no
synthetic or harmful additives, in a bid to contribute towards
‘Make in India’ initiative.
7.
Conclusion
This movement is really good and productive. If it is followed and managed
properly. This can change the country a lot! Though, there are some of the
disadvantages and criticism but these disadvantages cannot stop this
movement, if the disadvantages are covered up, it will be really great.
This is making the country India, to be self-dependent and make profits
from the world.
Foreign investment will contribute in India’s development on a large scale.
This is not only benefitting foreign businessmen but also the Indians
somewhere.
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