MAKE IN INDIA FINAL CONCLUSION

CONCLUSION

Benefits and disadvantages of Make in India




India is a country rich in natural resources. Labour is aplenty and skilled labour is easily available given the high rates of unemployment among the educated class of the country. With Asia developing as the outsourcing hub of the world, India is soon becoming the preferred manufacturing destination of most investors across the globe. Mae in India is the Indian government's effort to harness this demand and boost the Indian economy.




India ranks low on the "ease of doing business index". Labour laws in the country are still not conducive to the Make in India campaign. This is one of the universally noted disadvantages of manufacturing and investing in India.



How this would be achieved
Skill development programs would be launched especially for people from rural and poor ones from urban cities
25 key sectors have been short listed such as telecommunications, power, automobile, tourism, pharmaceuticals and others
Individuals aged 15-35 years would get high quality training in the following key areas such as welding, masonries, painting, nursing to help elder people
Skill certifications would be given to make training process, a standard. Currently manufacturing in India suffers due to low productivity rigid laws and poor infrastructure resulting in low quality products getting manufactured.
Over 1000 training centres would be opened across India in the next 2 years
For companies setting up factories, “Invest India” unit is being set-up in the commerce department which would be available 24/7. The main focus of this department would be to make doing business in India easy by making all the approval processes simpler and resolving the issues in getting regulatory clearances within 48-72 hours so that clearances are fast. To make this possible, special team would be available to answer all the queries related to help foreign investors/companies.
The e-biz portal would be soon launched which would be real time and available 24*7
Benefits
This will help in creating job market for over 10 million people in India
Manufacturing done here would boost India’s GDP, trade and economic growth
Features
Launch of Make in India campaign will take place on 25th Sep 2014
The sales pitch would be made available in capital cities in India and countries with time zone similar to India
Over 15000 crores would be spent to open the training centers
Translation of prime minister’s speech would be available in multiple languages German, French, Japanese and Russian
Attendees List


Top corporate honchos from India and world (US, Canada, Australia, Europe and many others) would be attending this grand launch. Here is the small list of companies whose top leaders would be attending:
Tata Group
Reliance Industries
Biocon
Samsung
Honda
Airbus
Wipro
Vodafone and many more.










"This is how India will look like in future"

जय हिन्द








JAI HIND