{"id":33479,"date":"2014-09-25T14:21:27","date_gmt":"2014-09-25T08:51:27","guid":{"rendered":"http:\/\/www.mapsofindia.com\/my-india\/?p=33479"},"modified":"2016-05-10T18:22:42","modified_gmt":"2016-05-10T12:52:42","slug":"make-in-india-a-boost-to-indian-manufacturing-industry","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/business\/make-in-india-a-boost-to-indian-manufacturing-industry","title":{"rendered":"Modi Launches &#8216;Make In India&#8217; &#8211; Big Boost To Industry &#038; Employment"},"content":{"rendered":"<p><a href=\"http:\/\/www.mapsofindia.com\/my-india\/business\/make-in-india-a-boost-to-indian-manufacturing-industry\/attachment\/make-in-india\" rel=\"attachment wp-att-33492\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-33492\" src=\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2014\/09\/make-in-india.jpg\" alt=\"Make in India\" width=\"655\" height=\"655\" srcset=\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2014\/09\/make-in-india.jpg 600w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2014\/09\/make-in-india-150x150.jpg 150w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2014\/09\/make-in-india-300x300.jpg 300w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/a><\/p>\n<p>The launch of the &#8216;Make in India&#8217; campaign by Prime Minister Narendra Modi to attract foreign investments and boost the manufacturing sector of India has been timed to perfection. It comes a day after India\u2019s indigenously manufactured satellite Mangalyaan was successfully put in the Martian orbit, showing to the world the progress India has made in manufacturing processes, technology, science and innovation. It also comes a day ahead of the PM\u2019s visit to the US. &#8216;Make in India&#8217; is intended to provide a major fillip to India\u2019s manufacturing industry which currently contributes about 15% of the national GDP.<\/p>\n<p>The Prime Minister released a brochure with all the information that will be required by investors about 25 key sectors in India. The brochure carried the newly designed &#8216;Make In India&#8217; logo which has been inspired by the Ashoka Chakra and the lion. A large number of\u00a0Indian\u00a0corporate honchos were present at the launch of the campaign in Delhi on Thursday.<\/p>\n<p><strong>Here are some of the key takeaways from the Prime Minister\u2019s speech at the launch ceremony.<\/strong><\/p>\n<ul>\n<li>Trust and confidence in the government and policymakers have been lost. These need to be regained.<\/li>\n<li>We do not want to see any company or enterprise leave India due to business constraints<\/li>\n<li>An environment of trust will convince industry leaders of the government&#8217;s commitment to developing industry<\/li>\n<li>FDI is a responsibility for the people and an opportunity for the global investors; FDI for Indians should be \u201cFirst Develop India\u201d and Foreign Direct Investment for the investors<\/li>\n<li>Only when India moves away from poverty will purchasing power in the country increase and when this happens the country will start to bloom as a grand huge market for industries<\/li>\n<li>The movement away from poverty will come from increase in employment; employment will come only when we start developing the manufacturing sector in India.<\/li>\n<li>Investors are not attracted by incentives; investment will be attracted only by friendly policies and a secure environment<\/li>\n<li>Ease of business is important for development; India has slipped low in the list of countries in terms of ease of doing business<\/li>\n<li>Scrutiny and red tape should not create barriers for development; simplification of processes should be the focus and redundancy done away with<\/li>\n<li>The world is looking to invest in Asia, particularly in Asian democracies, and in places with high demand \u2013 India fits the bill perfectly<\/li>\n<li>Effective governance is a key factor in attracting investors; the government needs to reassure investors of its effectiveness in promoting business and industry<\/li>\n<li>Skilled manpower mapped to the natural potential and creation of sustainable growth will be the focus of &#8216;Make in India&#8217;<\/li>\n<li>Private-public partnership must be the basis of skills development in the country<\/li>\n<li>It is the government\u2019s responsibility to facilitate the creation of an environment conducive to development<\/li>\n<li>65% population of the country is less than 35 years of age \u2013 there is immense manpower. After the indigenous development of Mangalyaan, India\u2019s talent and skills too cannot be questioned<\/li>\n<li>Digital India is the crux of effective governance; if this is not achieved, the governance and society will stay divergent. Ease of governance will come only with use of technology<\/li>\n<li>For years we have been emphasizing on Look East; only when we link West to this will we develop<\/li>\n<li>There are numerous opportunities in manufacturing and to develop this sector we will require a whole new world of infrastructure \u2013 from highways to I(nformation) ways, gas, water pipelines, ports, and a lot many more<\/li>\n<li>This government does not have a political agenda; it is dedicated to development as an article of faith<\/li>\n<li>The life and destiny of India can and will be changed for the better<\/li>\n<li>May Indian companies become multinational organizations but only when they grow and develop with India<\/li>\n<li>Only when the Centre and the state governments work together in tandem can India\u2019s true development potential be tapped into; development of states is the development of the country<\/li>\n<li>&#8216;Make in India&#8217; is our responsibility; may India garner strength with this mission<\/li>\n<li>The &#8216;Make in India&#8217; campaign is dedicated to Pandit Deendayal Upadhyaya, the patriotic thinker and philosopher<\/li>\n<\/ul>\n<p><strong>And here is what some of the top industrialists said in their speeches:<\/strong><\/p>\n<p><strong>Cyrus Mistry \u2013 Chairman, Tata Sons <\/strong><\/p>\n<ul>\n<li>Make In India is a timely opportunity for Indian companies to grow and contribute to the development of the country<\/li>\n<li>India\u2019s manufacturing sector needs to grow \u2013 to contribute at least 25% of the GDP &#8211; to be at par with other Asian countries. It currently contributes just over 15%<\/li>\n<li>Labour laws need to be reformed for the sector to develop<\/li>\n<li>Transparent laws and industry-friendly policies need to be framed<\/li>\n<li>Rollout of the GST (Goods &amp; Services Tax) needs to be expedited, and reforming tax structure is imperative<\/li>\n<li>Tata Group is committed to investing in India<\/li>\n<\/ul>\n<p><strong>Kenichi Ayukawa \u2013 MD and CEO, Maruti Suzuki India<\/strong><\/p>\n<ul>\n<li>Suzuki\u2019s India venture has been the most successful<\/li>\n<li>Cars in India are manufactured at a lower in cost<\/li>\n<li>The government must work to remove factors affecting manufacturing competitiveness<\/li>\n<\/ul>\n<p><strong>Mukesh Ambani \u2013 Chairman &amp; Managing Director, Reliance Industries<\/strong><\/p>\n<ul>\n<li>This is a historic day for the Indian manufacturing industry<\/li>\n<li>&#8216;Make in India&#8217; is about the present and future, not about the past<\/li>\n<li>Reliance will create 1.25 lakh jobs in next 12-15 months<\/li>\n<li>There is a great need to connect village clusters to global markets to promote export<\/li>\n<li>India needs to be open to foreign capital investment and import of expertise<\/li>\n<\/ul>\n<p><strong>Azim Premji \u2013 Chairman, Wipro Limited<\/strong><\/p>\n<ul>\n<li>Products made in India are suitable for all extreme climates<\/li>\n<li>Indian products represent a blend of low-cost and innovation in designs<\/li>\n<li>80% sourcing of raw material for Wipro comes from domestic suppliers<\/li>\n<\/ul>\n<p><strong>KM Birla \u2013 Chairman, Aditya Birla Group<\/strong><\/p>\n<ul>\n<li>It is high time India becomes a preferred manufacturing hub<\/li>\n<li>We need millions of jobs to prop up our economy<\/li>\n<li>India has all that is needed to make it a key manufacturing destination \u2013 skills, raw material, and entrepreneurship<\/li>\n<\/ul>\n<p><strong>Chanda Kochchar \u2013 MD &amp; CEO, ICICI Bank<\/strong><\/p>\n<ul>\n<li>Make in India is the next growth driver for India<\/li>\n<li>Manufacturing sector can add 9 crore jobs in the coming decade<\/li>\n<li>Quality, cost, and sustainability \u2013 the three things that need to be ensured<\/li>\n<li>Emphasis needs to be on transparence of policy, infrastructure, skills development, and priority areas<\/li>\n<\/ul>\n<p><strong>Phil Shaw &#8211; CEO, Lockheed Martin<\/strong><\/p>\n<ul>\n<li>India is the epicentre of innovation<\/li>\n<\/ul>\n<p><strong>Y C Deveshwar \u2013 Chairman, ITC<\/strong><\/p>\n<ul>\n<li>Jobless growth unsustainable<\/li>\n<li>12 million youth are looking for employment and 2 million jobs are available \u2013 this gap needs to be plugged<\/li>\n<li>Biggest beneficiaries of Make in India is the youth<\/li>\n<li>Inflation and unemployment can be eliminated by Make in India<\/li>\n<\/ul>\n<h3><strong>Read More :\u00a0<\/strong><\/h3>\n<p><a href=\"http:\/\/www.mapsofindia.com\/my-india\/government\/top-schemes-launched-by-modi-government\" target=\"_blank\">Schemes Launched by Modi Government<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/india\/pradhan-mantri-jeevan-jyoti-bima-yojana-ensuring-your-future\">Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/government\/pradhan-mantri-suraksha-bima-yojana-pmsby-an-accidental-insurance-scheme\">Pradhan Mantri Suraksha Bima Yojana (PMSBY)<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/government\/atal-pension-yojana-for-social-security-in-india\">Atal Pension Yojana<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/government\/mudra-bank-weighing-the-possible-benefits\">MUDRA Bank Yojana<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/politics\/garib-kalyan-yojnaye-taking-pro-poor-schemes-to-grassroots-level\">Garib Kalyan Yojnaye\u00a0<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/government\/sukanya-samriddhi-new-scheme-for-a-girl-child-in-india\">Sukanya Samriddhi Yojana<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/society\/beti-bachao-beti-padhao-scheme-to-ensure-the-rights-of-the-girl-children\">Beti Bachao, Beti Padhao Scheme<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/society\/what-is-pahal-and-how-is-it-going-to-benefit-lpg-users\">Pahal Scheme<\/a><br \/>\n<a href=\"http:\/\/www.mapsofindia.com\/my-india\/business\/jan-dhan-yojana-the-progress-and-the-roadblocks\">Jan Dhan Yojana<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The launch of the &#8216;Make in India&#8217; campaign by Prime Minister Narendra Modi to attract foreign investments and boost the manufacturing sector of India has been timed to perfection. It comes a day after India\u2019s indigenously manufactured satellite Mangalyaan was successfully put in the Martian orbit, showing to the world the progress India has made [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":33492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,4148],"tags":[6271,6174,1434],"class_list":{"0":"post-33479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-events","9":"tag-make-in-india","10":"tag-modi-sarkar-government","11":"tag-narendra-modi"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/33479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=33479"}],"version-history":[{"count":5,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/33479\/revisions"}],"predecessor-version":[{"id":57140,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/33479\/revisions\/57140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/33492"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=33479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=33479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=33479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}