2. INDEX
★ INTRODUCTION
★ KEY ELEMENTS
★ OBJECTIVES
★ WHY MAKE IN INDIA?
★ SECTORS
★ CONTRIBUTIONS BY THE SECTORS TO ECONOMY.
★ DEMOGRAPHIC DIVIDEND
★ REASON TO CHOOSE MANUFACTURING.
3. Make In India is an initiative by the Government of India to encourage multi-
national, as well as national companies to manufacture their products in India.
Prime Minister Narender Modi launched “MAKE IN INDIA” on September 25
2014 in a function at Vigyan Bhavan.
Slogan - “ZERO DEFECT ZERO EFFECT”
INTRODUCTION
4. 1. 25 sectors to work on initially.
2. 24 manufacturing cities identified.
3. 10% subsidy on production of equipments of pollution control, reducing energy
consumption & water conservation
4. To speed up the decisions
5. A digital campaign just like “ Incredible India to go global.
6. Inclusion of all states to mobilize the policy, ministries and local bodies.
KEY ELEMENTS
5. 1. Generate employment and create jobs.
2. Transform India into global manufacturing hub.
3. Foster Innovation.
4. Develop Skills.
5. Reduce Barriers to doing a business.
6. To urge both local and foreign companies to invest in India
OBJECTIVES
6. The first and most important condition in order to make in India is to have a low
inflation regime where policies are predictable and consistent.
High inflation reduces two ingredients of a successful make in India
campaign
-Capital accumulation &
-The rate of change in productivity.
Beyond inflation, make in India investors will look for policy stability with respect to
trade, duties i.e both import and export and taxation.
Why Make In India?
9. When natios reach a high ratio of such people, they are expected to earn something called a
demographic dividend. This simply means that because most citizens are working,
economic growth goes up.
According to reports by 2020, India is set to become the world’s youngest country with
64% of its population in the working age group. Western countries, Japan and even China
aging, this demographic potential offers India and its growing economy an edge that
economists believe could add a significant 2% to the GDP growth rate annually.
Prime Minister also had said that India is the only country in the world which offers
the unique combination of democracy, demography, and demand from a rising middle
class.
DEMOGRAPHIC DIVIDEND
10. Manufacturing sector because major workforce of the country consists
of unskilled labor which is engaged in manufacturing sector.
During 2005-2012, India has only created 15 million jobs while as per
the data, 10 million people join its workforce every year.
Manufacturing offers the surest way to employ millions of workers in
middle-income jobs.
REASON TO CHOOSE MANUFACTURING
11. Demographic Dividend – 62% of population in Working Age Group
104 Million to be skill trained by 2022
New dynamic Skill Development & Entrepreneurship Policy
National Occupation Standards laid down by Sector Skill Councils
NSDC provides funding to build scalable, for-profit vocational training
institutions (nsdcindia.org)
Skill India - key challenge
12. Sustainability - Short, Medium & Long Term
Principle of Co-Existence with Nature
Innovations and Creativity
Gainful Productive Employment
Dignity of Labour & Equality
Self Reliance, Sovereignty & Leadership
Export Surplus Nation
OUR VIEW POINT