The document discusses India's "Make in India" initiative launched by Prime Minister Modi in 2014. It aims to transform India into a global manufacturing hub by focusing on sectors like infrastructure and attracting foreign investment. Key objectives include generating employment, fostering innovation, and improving the business environment. However, challenges remain such as inadequate infrastructure, bureaucratic hurdles, and difficulties acquiring land for industry. Several major companies have pledged investments but others note high production costs in India.
2. • The aim is to take the share of manufacturing in the
country’s GDP from a stagnant 16% currently to 25% by
2022, as stated in the National Manufacturing Policy,
and to create 100 million jobs by 2022.
• India had fallen to a lowly 134th rank out of 189
countries this year (three down from 2013) in the World
Bank’s Ease of Doing Business rankings.
Background
3. Where Are We?
• India is one of the world's fastest-growing
economies.
• The tenth-largest in the world by nominal
GDP and the third-largest by purchasing power
parity (PPP).
• India has been recording sustained trade
deficits since 1980 mainly due to the high
growth of imports, particularly of crude oil,
gold and silver
4. IMPORTS & EXPORTS
A. EXPORTS (Receipts)
Exports during October, 2014 were valued at US $ 12146
Million (Rs. 74505.99 Crore).
B. IMPORTS (Payments)
Imports during October, 2014 were valued at US $ 5942
Million (Rs. 36449.42 Crore).
C. TRADE BALANCE
The trade balance in Services (i.e. net exports of Services)
for October, 2014 was estimated at US $6204 Million.
5. On Independence Day 2014
• Our Prime Minister, invited global companies to pick
India to locate factories, promising to replace red
tape with red-carpet welcomes.
• To make India break into the top 50 in the World
Bank’s ease of business index ranking from the
current 134th position.
6. Make In India: Logo
• The logo is a striding lion made of cogs, symbolizing strength,
manufacturing and national pride.
7. What is Make in India ?
• Make in India is an international marketing campaigning
slogan coined by Narendra Modi, The prime minster of
India on 25th September 2014 to attract businesses from
around the world to invest and manufacture in India.
• Make In India is a new national program designed to
transform India into a global manufacturing hub.
• Through Make In India initiative
government will focus on building physical infrastructure as
well as creating a digital network.
8. Major Objectives
• The major objective behind this initiative is to focus upon
the heavy industries and public enterprises while generating
employment in India.
• To facilitate
– Investment
– Foster innovation
– Enhance skills development
– Protect intellectual property
– To built best-in-class manufacturing infrastructure
9. Focus on different sectors
• The focus of “make in India” program is on creating jobs and
skill enhancement in 25 sectors
10. List of Investors so far
Company Investment Amount
Spice Group Rs. 500 crore (~US$81,500,000)
Samsung Rs. 517 crore (~US$84,260,000)
Lava Rs. 500 crore (~US$81,500,000)
Huawei Rs. 1050 crore (~US$170,000,000)
11. List of challenges
• India’s chronic infrastructure and logistics deficit with
inefficient transport networks makes it tough for
manufacturing companies to achieve just-in-time production.
• A large chunk of manufacturers in India even believe that
globalization is a myth for them and they consider global
opportunities as threat for their domestic business.
• Currently, it takes 12 procedures and 27 days to start business,
35 procedures and 168 days to get construction permits and
1420 days to enforce contracts in India.
12. Land Acquisition in India
• Land Acquisition in India refers to the process of land
acquisition by the central or state government of India
for various infrastructure and economic growth
initiatives.
• Several controversies have arisen with claims that land
owners have not been adequately compensated.
13. Tata Motors
• When companies such as Tata Motors choose where to
locate a new factory, they consider a range of factors.
• But India fares badly on most of the counts. For
instance, contract enforcement takes 1,420 days and
going through the 12 procedures for starting business
typically takes 27 days.
14. Kenichi Ayukawa
• "Costs of production in India increase
because of various government
policies, procedures, regulations and
the way some of the laws are
implemented," said Kenichi Ayukawa,
Managing Director and CEO, Maruti
Suzuki India Ltd, at the 'Make in India'
campaign.