What is Make in India ? A guide to rebuild New India

Make in India is an initiative which was launched by the government of India. This scheme was launched in 25 September, 2014 by the Prime Minister of our country Shree Narendra Modi. The ministry which was involved in launching and implementing this mission was Ministry of Industry and Commerce. This scheme is still active in our country.

If we see the logo of the scheme Make in India, we will see how a lion is depicted with cogs inside. This logo symbolizes manufacturing, strength and a sense of pride. Make in India scheme primary goal was to boost our economy and contributing for it’s development. This scheme covered 27 sectors:-

Below written are some of the manufacturing sectors which this scheme covers:-

1. Aerospace and defense
2. Automotive and auto component
3. Capital goods.
4. Textile and apparel
5. Chemical and petro-chemical
6. Leather footwear
7. Food processing
8. Gems and Jewellry
9. Shipping
10. Railways
11. Constructions
12. New and Renewable Energy
13. Medical devices and Pharmaceuticals
14. Electronic system designs and Manufacturing
15. Biotechnology

Below written are some of the services sectors which the scheme make in India covers:-

1. Information Technology and Information Technology enabled services.
2. Tourism and Hospitality services.
3. Legal Services
4. Financial services
5. Educational services
6. Environmental services
7. Construction and related engineering services.
8. Communication services
9. Audio Visual services
10. Accounting and financial services.
11. Transport and logistics services
12. Medical value travel

Aims and Objectives:-

What makes make in India a successful and a commendable initiative towards boom in economy and entrepreneurship in our country are it’s objectives and goals which it tried to achieve since from the year it was launched by the prime minister of the country. Below written are some its objectives:-

1. Manufacturing sector growth to 12-14 percentage:- The initiative of Make in India wanted to focus largely on the manufacturing industry of our country and making our country more self-reliant when it comes to making materials ourselves. This will decrease the import.
2. Manufacturing jobs increases to 100 million by 2022:- Rise in the number of manufacturing jobs. As when there will be emphasis on setting more manufacturing industries and factories, there will be a basic need and requirement for people to work in those industries.
3. Increasing the GDP contributing by the manufacturing sectors to 25% by 2022:- This is an objective which will only be possible when there will be more manufacturing in our own country and this will rise the GDP of our country which will give more opportunities to people.
4. Developing skills set in urban youth:- this objective was important in making the general public of the country worthy of getting a job. Skills was important to them to become eligible to get an appropriate job.
5. More environment sustainable growth in the field of manufacturing industry should be idolized as making environment a priority is important to us to develop in all ways.
6. Globalization:- Many more companies from all around the globe can invest in our companies which will be advantageous for both of the countries and making our industries stronger.
7. Promoting entrepreneurship:- the ultimate aim and objective to make this scheme Make in India is to promote the entrepreneurship and creating an ease to do a business. For an economy a healthy business culture is very crucial. There should be more people employed by their self in their own venture and less dependence on government to give them jobs as this requires youth to get inclined towards this culture and leave the outdated traditional dependent government jobs.

Progress and statistics Yearly:-

After eight years of launch and implementation of the make in India. Here are some of it’s achievements and progress records made by the scheme. These are:-

1. FDI inflows:- In year 2014-15 the FDI inflows was USD 45.15 billion and in the year 2021-22 it reached an increase height of USD 83.6 Billions.
2. Toys import reduction:- India had the biggest market of importing toys for children from other countries especially china which in these years reduced by 70 percent and even now India is successful is doing exports too.
3. Infrastructure:- The third biggest achievement was the infrastructure growth. The creation of new highways, roads, railways and tourist locations added more to the economy of the citizens of the country and made rise in their standard of living and made the transportation easier, time saving and reduced the cost.
4. Defense Manufacturing:- in the year of 2013 and 2014 the defense exports of India was 686 crores and with the implementation of these policies of Make in India the defense exports of India raised to 21,083 crores. This shows how important were this policy to make this mission successful.

Way forward:-

The make in India scheme worked really well in making this progress and improvement but there is a long way to go. Here written some of the ways which can make it more successful.

1. Acceptance of business culture:- there are many families in certain parts of India who are not so into taking risks which prevent them to do business. This needs to stop. There should be more involvement of youths in building a kind of critical thinking so that they can work and start something of their own.
2. Skill training:- most of the companies have seen caught up in this problem of not getting well trained and skilled employees. The best way to deal with this problem is starting educating young people about hard skills more and starting side hustles in their school and college time.
3. More infrastructure:- there should be more and more infrastructure promotion in the country. This is a win win situation to each one of us. There should be more construction of tourist spaces, railways, highways and all destinations so that more people come to visit India.
4. Reducing Imports:- People who are interested in starting their business can do this to first knowing what are the products which India still import from other countries and trying to manufacture such products which will help in reducing the Imports and becoming more self-dependent.
5. Swadeshi:- Shopping from brands outside the country is not a good idea to do. It’s good to promote the small businesses and start-ups by using their goods and services and investing the money in your own land.
6. Wed in India:- this is a recent mission which our prime minister recently talked about in his speech where he asked people who are rich and who get married in the other countries to please kindly stay in their own country and do marriage here only. This will make your investment in your own country and also exploring the places of India and many people from outside India can come and do weddings here.