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List of Sectors covered under the Make in India Plan

15-MAY-2018 11:35
    Make in India

    Make in India is a “Be Indian and Made Indian” type of Swadeshi movement; covering 25 sectors of economy. This plan was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India.

    The sole motive of this plan is to convert India into a Global Manufacturing Hub.

    In order to invite foreign manufacturer in the country, the Government of India has allowed 100% Foreign Direct Investment (F.D.I.) in key sectors of the economy.

    As per the current policy, 100% FDI permitted in all the 25 sectors covered in the "Make in India" plan, except for media (26%), defence (49%) and space (74%)).

    List of sectors covered under the “Make in India” is as follows;

       S.N.

                 Sector

     1.

     Automobiles

     2.

     Auto components

     3.

     Aviation

     4.

     Biotechnology

     5.

     Chemicals

     6.

     Construction

     7.

     Defense manufacturing

     8.

     Electrical machinery

     9.

     Electronic system design and manufacturing

     10.

     Food processing

     11.

     IT and BPM

     12.

     Leather

     13.

     Media and entertainment

     14.

     Mining

     15.

     Oil and gas

     16.

     Pharmaceuticals

     17.

     Ports

     18.

     Railways

     19.

     Renewable energy

     20.

     Roads and highways

     21.

     Space

     22.

     Textiles

     23.

     Thermal power

     24.

     Tourism & Hospitality

     25.

     Wellness

    Currently manufacturing sector is contributing around 16% in the Indian GDP but the government of India want to make it 25% by 2022. It is worth to mention here that manufacturing sector is contributing around 34% share in the Chinese GDP.

    The launch of “Make in India” is showing some positive results because after the launch of the plan, India received investment commitments worth US$250 billion and investment inquiries worth US$23 billion between September 2014 to February 2016.

     In the conclusion it can be said that make in India is a good initiative by the government of India and it can convert India from an importing economy into an exporting economy.

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