The Prime Minister said:
“FDI” should be understood as “First Develop India” along with ” Foreign Direct Investment”.
He said, ‘Let’s resolve to steer the country to one destination. We have it in us to move in that direction’.
“Make in India – manufacture in India.” Sell in any country of the world but manufacture here. We have got skill, talent, discipline, and determination to do something. We want to give the world a favourable opportunity that come here, “Come, Make in India”- Modi announced the launch of India’s most ambitious plan to boost manufacturing in the country.
We will say to the world:-
- from electrical to electronics, “Come, Make in India”,
- from automobiles to agro value addition “Come, Make in India”,
- paper or plastic, “Come, Make in India”,
- satellite or submarine “Come, Make in India”.
Our country is powerful. Come, I am giving you an invitation.- Urged by PM to investors.
PM’s Make in India is indeed a step of a lion.
Make In India is a new national program designed to transform India into a global manufacturing hub. It contains a raft of proposals designed to urge companies — local and foreign — to invest in India and make the country a manufacturing powerhouse.
Through Make In India initiative, government will focus on building physical infrastructure as well as creating a digital network to make India a global hub for manufacturing of goods ranging from cars to softwares, satellites to submarines, pharmaceuticals to ports and paper to power.
Major Highlights:-
- Inverted duty structure
- Rate of customs duty on a no. of imported raw materials/inputs reduced to encourage manufacture in India.
- Reduction in duty on metal parts for use in manufacture of electrical insulators.
- Certain parts used for manufacture of insulated wires and cables; microwave ovens, compressor.
- Certain items used for hydrogen peroxide, fertilizers, parts and components of digital still image video camera with minimum resolution of 800 * 600 pixels at minimum 23 frames per second.
Sectors covered in Make in India:-
The logo:-
Pm stated the logo indicates the step of a lion.
The Make In India logo is derived from India’s national emblem. The wheel denotes the peaceful progress and dynamism – a sign from India’s enlightened past, pointing the way to a vibrant future. The prowling lion stands for strength, courage, tenacity and wisdom – values that are every bit as Indian today as they have ever been.
- It is a striding lion made of cogs (roll steel ingots).
- Symbolises manufacturing, strength and national pride.
- As lion known for its great endurance and strength. A similar thing’ll come out with Make in India. International arena will notice it’s clamor soon.. !!
The Make in India campaign aims at turning India into a global manufacturing hub by simplifying business processes and attracting foreign companies by increasing share of FDI (Foreign Direct Investment).
The prime motive is creating more jobs and narrowing the gap between the affluent and the modest sections of society.
The four pillars are New Processes, New Infrastructure, New Sectors and New Mind-set.
The key policies are ease of doing business, getting away with archaic laws, 100 Smart Cities, disinvestment of public sector undertakings, skills and jobs for the youth, making India a manufacturer.
Major challenges include creating a healthy business environment, removal of unfavourable factors, more focus on Indian’s micro, small and medium enterprises (MSME), lack of world class research and development (R&D).
Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism. Make in India is opening investment doors. Multiple enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.