MAKE IN INDIA

ABOUT- MAKE IN INDIA•Coined by PM Shri Narendra Ji Modi.•Announced on August 15, 2014.•Owned by government of India.•Decided on global summit.•Launched on September 25, 2014.

LOGO

Make-in-India is a lion's step, said Prime Minister Narendra Modi, after launching the logo of his ambitious campaign to attract companies to India.

The logo is the silhouette of a lion on the prowl, made entirely of cogs, symbolizing manufacturing, strength and national pride. The national emblem, Ashok Chakra, also has four lions.

In Indian folklore, the lion denotes the attainment of enlightenment, besides representing power, courage, pride and confidence.

Going against the essence of Prime Minister Narendra Modi’s much-touted initiative to promote India as a manufacturing hub, the logo of the Make in India campaign was designed by a foreign firm’s India arm, a query under the Right to Information (RTI) Act has revealed.

Responding to criticism over hiring a foreign firm for the Make in India logo, Amitabh Kant, secretary of Department of Industrial Policy and Promotion (DIPP), tweeted, “Logo has been designed by young Indians led by an Indian creative director. This is an Indian subsidiary of W & K.”

OBJECTIVES• TO FOCUS UPON THE HEAVY INDUSTRIES

AND PUBLIC ENTERPRISES WHILE GENERATING EMPLOYMENT IN INDIA.

• DESIGNED TO FACILITATE INVESTMENT.

• FOSTER INNOVATION.

• ENHANCE SKILL DEVELOPMENT.

• PROTECT INTELLECTUAL PROPERTY.

• BUILD BEST-IN-CLASS MANUFACTURING INFRASTRUCTURE.

POLICIES OF MAKE IN INDIA•  National Manufacturing PolicyThis policy focuses on all those areas that are related to the regulation, skill development, infrastructure, technology, exit mechanism, availability of finance, and other factors that are helpful in the growth of manufacturing sector of the country.• National Intellectual Property Rights (IPR) PolicyThis policy is the first ever single policy that covers every sort of intellectual property in one framework. This policy focuses on creating, facilitating, promoting, and commercializing Intellectual Property assets in India.•  Foreign Direct Investment PolicyForeign direct investment policy is nothing new, but there have been some changes made by the current government of the country. This policy is the supreme source of foreign investment that helps the economy of India a lot.•  New Initiatives PolicyThe new initiatives by the government of India are designed to facilitate investment, protect intellectual property, foster innovation.

PILLARS OF MAKE IN INDIA• New Processes: The government is introducing several reforms to create

possibilities for getting Foreign Direct Investment (FDI) and foster business partnerships. 

• New Infrastructure: Infrastructure is integral to the growth of any industry. The government intends to develop industrial corridors and build smart cities with state-of-the-art technology and high-speed communication.

• New Sectors: ‘Make in India’ has identified 25 sectors to promote with the detailed information being shared through an interactive web-portal.

• New Mindset: Government in India has always been seen as a regulator and not a facilitator. This initiative intends to change this by bringing a paradigm shift in the way Government interacts with various industries.

DISADVANTAGE OF MAKE IN INDIA1. Negligence of Agriculture2. Depletion of Natural Resources3. Loss for Small Entrepreneurs4. Disruption of Land5. Manufacturing based Economy6. Interest in International Brands7. Pollution8. Bad Relations with China

KEY MILESTONES ACHIEVED

September 2014The Department of Industrial Policies and Promotion (DIPP) of the ministry of commerce and industry took up a series of measures to improve the ease of doing business.

January 2015Spice group announced an investment of US$ 75.16 million to set up a manufacturing unit for budget smartphones in Uttar Pradesh.

February 2015Huawei made a huge investment of US$ 170 million to set up a new research and development (R&D) campus in Bengaluru.

May 2015Hyundai heavy industries partnered with Hindustan shipyard limited, Visakhapatnam to help build naval ships in india, this collaboration would help India's shipbuilding industry to leap forward tremendously.India moved from 65th to 52nd rank in tourism and travel competitive index as per the world economic forum (davos) report.

June 2015India rose to 1st position in the baseline profitability index in 2015. India was ranked at the 6th position in baseline profitability index in 2014.

August 2015Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and a key supplier to apple inc., Signed a pact with Maharashtra to invest US$ 5 billion over five years in a semiconductor manufacturing facility.

MARCH 2016India achieved its highest ever FDI inflow for a financial year in 2015-16 at US$ 55.5 billion.Japanese technology giant Hitachi- one of Asia's largest ATM markets announced its plans to roll out ATMs in india with the investment capital of US$ 15 million.

APRIL 2016India moved up to sixth position amongst the world’s leading manufacturers.

June 2016India was placed second in retail potential in the 2016 global retail development index (GRDI). 

August 2016India reached 66th position in global innovation index 2016. India was ranked 81 in 2015.

MAKE IN INDIA- BOON OR BANE• ONE OF THE GOALS OF THIS CAMPAIGN IS TO MAKE

MANUFACTURING SECTOR CONTRIBUTE 25% IN INDIAN GDP FROM CURRENT ONLY 16% BY 2022 AS PER WEBSITE OF MAKE IN INDIA.

• DOING THIS, WE MIGHT BE AVOIDING OTHER SECTORS SUCH AS SERVICE AND AGRICULTURE. AS THE GROWTH OF IT SECTOR IN INDIA COULD NOT BE IGNORED CONCENTRATING ONLY ON MANUFACTURING SECTOR MIGHT AFFECT THIS SECTOR.

• ALSO IT IS NOT NECESSARY THAT IF CHINA HAS BENEFITED FROM THIS POLICY, INDIA WILL ALSO BE. THERE ARE MANY OTHER ASIAN COUNTRIES WHICH HAVE FAILED ADOPTING THIS POLICY. SO INSTEAD OF SUBSIDISING EXPORTS THERE ARE MANY OTHER INVESTMENT OPTIONS TO MAKE INDIA SELF SUFFICIENT.

• STILL WE CANNOT IGNORE BENEFITS FROM THIS CAMPAIGN. ONLY TIME WILL SHOW THE RESULT.