P.M. launched Make In India Campaign to make India a manufacturing hub

Sep 25, 2014 13:10 IST

Make In India CampaignPrime Minister Narendra Modi on 25 September 2014 launched Make In India Campaign at Vigyan Bhawan in New Delhi to make India a manufacturing hub.

The campaign is aimed to attract foreign companies to set up their manufacturing units in India and to seek greater foreign investment.

The launch ceremony was attended by Top CEOs from India Inc, international industry leaders, ambassadors, ministers and government officials. Further, Special arrangements were made to publicise the event globally in different world capitals.

At the same time, programmes were held in state capitals and also Indian missions abroad, where officials engaged with investors and consultants.

P.M. Narendra Modi on his Independence Day speech had announced about the Make in India campaign.

Objective of the campaign

The objective of the campaign is to get manufacturing sector to grow over 10% on a sustainable basis over a long run.

The campaign is aimed to transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth. This will help in creating jobs for over 10 million people, who join the workforce every year.

Focus of the campaign

The programme lays emphasis on 25 sectors with focus on job creation and skill enhancement.

These include: automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways, auto components, design manufacturing, renewable energy, mining, bio-technology, pharmaceuticals and electronics among others.

Union Government released separate brochures for these sectors along with a general brochure.

The brochures will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.

Features of the campaign

•    The government will look into all regulatory processes to ease the burden of investors.

•    A dedicated cell has been created to answer queries from business entities through a newly created web portal.

•    While an exhaustive set of FAQs on this portal will help investors find instant answers to their general queries, the back-end support team of the cell would answer specific queries within 72 hours.

•    The DIPP and industry lobby FICCI have jointly set up an eight-member expert panel to address queries and concerns of investors. They will clarify Indian policies to the investors and suggest reforms to the Central and states governments.

•    All central government services are being integrated with an e-Biz single window online portal.

•    States have been advised to introduce self-certification.

•    The Union Ministry of Home Affairs has been asked to give all security clearances to investment proposals within 3 months.

•    An advisory has been sent to all departments/state governments to simplify and rationalise regulatory environment which includes online filing of all returns in a unified form.

Commentary

Through this campaign, the Union Government aims to clear the daunting image of complex rules and bureaucratic red tape of Indian administration. It will help the global investors to foster their investment decisions. This will help in realizing the aim of liberalized economy.

As per the World Bank’s ease of doing business index, India ranked lowly 134 out of 189 countries in 2014, which was three places lowest than in 2013.

Make in India will act as a first reference point for guiding foreign investors on all aspects of regulatory and policy issues and assists them in obtaining regulatory clearances.

Union Government has already allowed 100 per cent Foreign Direct Investment under automatic route in construction, operation and maintenance in rail infrastructure projects and increased FDI in Defence to 49 per cent.

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Read more Current Affairs on: Make In India , Manufacturing Hub , Foreign investment ,

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