The Article deals with an important aspect Make in India – Its Vision, Sector Targets and Achievements.
With the objective of promoting India as an important investment destination and a global hub in manufacturing, design and innovation BJP led NDA government with Prime Minister Shri Narendra Modi has launched the “Make in India” initiative on 25th September 2014 from Vigyan Bhawan in New Delhi. It will be effective at national level, state level and in Missions abroad. From the Prime Minister’s Independence Day speech, the‘Make in India’ initiative originated where he gave a clarion call to ‘Make in India’ and ‘Zero Defect; Zero Effect’ policy.
Make in India initiative aims to create a favourable environment for investment, development of modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between Government and industry through a positive mind set. The aim of this campaign is to grow the manufacturing contributionin national GDP to a 25%, as seen with other developing nations of Asia. It also aims at generating jobs, attracting greater foreign direct Investment and transforming India into a Manufacturing Hub across the globe.
The government of India has identified 25 priority sectors under Make in India campaign. These are those sectors where likelihood of FDI (foreign direct investment) is the highest.On the campaign launch, the Prime Minister Modi said that “the development of these sectors would ensure that the world shall readily come to Asia, particularly to India where the availability of both democratic conditions and manufacturing superiority made it the best destinations, especially when combined with the effective governance intended by his administration.”
The 25 priority sectors were-
Automobiles, Food Processing, Renewable Energy, Automobile Components, IT and BPM, Roads and Highways, Aviation, Leather, Space, Biotechnology, Media and Entertainment, Textiles and garments, Chemicals, Mining, Thermal Power, Construction, Oil and Gas, Tourism and Hospitality, Defence Manufacturing, Pharmaceuticals, Wellness, Electrical machinery, Ports, Electronic Systems and Railways.
Initially under Make in India initiative action plans for 25 sectors had been prepared and which after review is now focused on 27 sectors. 15 manufacturing sectorsunder Department of Industrial Policy & Promotion while 12 service sectorsDepartment of Commerce coordinates.
Some of the major achievements under Make in India initiative are:
- Six industrial corridors are being developed across various regions of the country. Industrial cities will also come up along these corridors.
- India has become a net exporter of electricity – 7203 MU exported to Nepal, Bangladesh and Myanmar during 2017-18.
- One of the world’s largest 648-MW solar power plant in Tamil Nadu was commissioned on September 21, 2016.
- Two path breaking prototype locomotives of WAGC3 & WAG11 class of 10,000 and 12,000 hp respectively were developed indigenously by converting existing diesel locomotive to upgraded electric locomotive.
Asia’s largest MedTech Zone (AMTZ) has been set up in Andhra Pradesh.
- 88 cold chain projects were commissioned during June 2014 to August 2018, thereby, creating additional food processing capacity of 3.9 lakh tones.
- Three textile mega clusters in Bareilly, Lucknow and Kutch are being set up, thereby benefitting 14505 artisans.
Investment promotional activities after launch of Make in India initiative are being undertaken by various Central Government Ministries, Departments and almost all State Governments from time to time.
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