Make in India
For Prelims: One-District-One-Product (ODOP), Production Linked Incentive (PLI), National Single Window System (NSWS), Make in India, Foreign Direct Investment, and Ease of Doing Business
For Mains: Make in India's importance in transforming the Indian economy.
Why in the News?
The Union Government recently flagged more than a dozen "restrictive and discriminatory" requirements that prevented local suppliers from participating in the bidding process to support the "Make in India" initiative.
The Public Procurement (Preference to Make in India) Order, 2017, which was created to safeguard domestic suppliers' interests and encourage the manufacture and production of goods and services in India to boost income and employment, was violated by these terms.
In order to promote manufacturing in the country, the government established the "Make in India" Program;
Four pillars serve as the foundation for the "Make in India" initiative, which aims to encourage entrepreneurship in India across a variety of industries, not just the manufacturing one. These are what they are:
New Procedures: "Make in India" acknowledges "ease of doing business" as the most crucial element in fostering entrepreneurship. Numerous actions have already been taken to improve the business climate.
With cutting-edge technology and quick communication, the government intends to construct industrial corridors, intelligent cities, and top-notch infrastructure. Innovation and research activities are supported through a quick registration process and improved IPR registration infrastructure. It is necessary to determine the skills the sector needs and then develop the workforce accordingly.
New Sectors: The production of defence goods, insurance, medical technology, construction, and rail infrastructure has seen a significant increase in FDI. FDI has also been allowed in the insurance and medical device sectors.
New Perspective: Instead of acting as a regulator, the government must act as a facilitator to work with businesses to develop the nation's economy.
Every region of the nation has equal access to the initiative's components.
The "Make in India" program has been expanded to include the following industries:
(i) Auto Components
(ii) Automobiles
(iii) Aviation
(iv) Biotechnology
(v) Chemicals
(vi) Construction
(vii) Defence Manufacturing
(viii) Electrical Machinery
(ix) Electronic System Design and Manufacturing
(x) Food Processing
(xi) IT and BPM
(xii) Leather
(xiii) Media and Entertainment
(xiv) Mining
(xv) Oil and Gas
(xvi) Pharmaceuticals
(xvii) Ports
(xviii) Railways
(xix) Roads and Highways
(xx) Renewable Energy
(xxi) Space
(xxii) Textiles
(xxiii) Thermal Power
(xxiv) Tourism and Hospitality
(xxv) Wellness
The program's goals for "Make in India."
The Make in India Program aims to achieve a number of objectives. They are:
Boosting the manufacturing industry's annual growth rate to 12–14%.
By 2022, the manufacturing sector will have added 100 million new jobs.
By 2022, the manufacturing sector's contribution to the GDP will rise to 25%.
To promote inclusive growth, skill development is needed among rural migrants and the urban poor.
Promoting environmentally responsible growth.
Improving the Indian manufacturing sector's ability to compete globally.
Important Programs Announced to Support Make in India Initiative
The government of India launches various key schemes to support the Make in India campaign from time to time. These include:
The Skill India Mission seeks to educate 10 million Indians annually in various fields. There is a need to upskill the sizeable human resource available to support the successful implementation of the Make In India campaign. In India, only 2% of the population is considered formally skilled. Through numerous skill development initiatives across the nation, the Skill India program seeks to increase this percentage.
Startup India: The program's goal is to create an environment that supports the development of startups, propels sustainable economic growth, and generates significant employment. The government has made several significant entrepreneur-friendly relaxations under this program.
Through the implementation of many online services, Digital India seeks to transform India into a knowledge-based and digitally empowered economy.
Pradhan Mantri Jan Dhan Yojana (PMJDY): The goal of financial inclusion is to guarantee affordable access to financial services such as banking savings and deposit accounts, remittances, credit, insurance, and pension.
Indian cities are intended to be transformed and revitalized by the Smart Cities mission. Through several sub-initiatives, 100 smart cities will be created in India.
AMRUT: The AMRUT stands for Atal Mission for Rejuvenation and Urban Transformation. The program aims to improve 500 Indian cities' livability and inclusivity by constructing basic public amenities.
The Swachh Bharat Abhiyan is a campaign that seeks to improve sanitation and hygiene standards in India.
Sagarmala: With this initiative, the country's ports will be developed, and port-led growth will be encouraged. Within this project's scope, several ports are being built and renovated.
International Solar Alliance (ISA): A coalition of nations, the majority of which are located in the temperate zone, is known as the ISA. This initiative by India aims to advance solar technology research and development and develop related policies. The ISA's main office is in Gurugram.
AGNII: By bringing people together and assisting in the commercialization of innovations, AGNII, or Accelerating Growth of New India's Innovation, was established to strengthen the nation's innovation ecosystem.
