Make In India: Make in India campaign was launched by Prime Minister Narendra Modi on 25th September 2014. It is an initiative to make a call to top business investors all across the world for investment in India. It is a big opportunity for all businesses to set up their business in any field anywhere in the country. This attractive plan has resourceful proposals for foreign companies to set up manufacturing units in India. It also meant for improving the market of digital network in the country to create a global hub of business.
UNIQUE SYMBOL- ITS SIGNIFICANCE
The symbol of this initiative is a giant lion having many wheels. This indicates peaceful progress and way to the vibrant future of the country. A giant walking lion with many wheels represents courage, strength, tenacity and wisdom.
WHY SEPARATE CAMPAIGN
This national programme was designed to transform the country into a global business hub. Because it contains attractive proposals for local as well as foreign companies. This campaign focuses on creating a number of valuable and honoured jobs. It is also providing skill enhancement in almost every sector for improving the status of the youths of the country.
ADVANTAGES OF MAKE IN INDIA
- To ensure solid growth and employment creation in the country.
- With the help of top investors country will become self- dependent in manufacturing sector.
- It will definitely help to grow India’s GDP as well as to increase the value of the currency.
DISADVANTAGES OF MAKE IN INDIA
- 1 Negligence of agriculture
- 2 Depletion of natural resources
- 3 The loss for small entrepreneurs
- 4 Disruption of land
- 5 Manufacturing based economy.
POLICY STRUCTURE OF MAKE IN INDIA
The government of India is making a huge effort in order to reduce any type of burden on investors. Due to this, there is an arrangement of a dedicated web portal for solving all the queries from business entities. This portal is now receiving an excellent response. Government has created a dedicated back end support team, so that response can be given within 72 hours of the duration. Almost 25 key sectors like aviation, chemicals, IT, automobiles, textiles, ports, pharmaceuticals, hospitality, tourism, wellness and railways have been identified by the government to work for the investors and become world leaders.
MAKE IN INDIA IN DEFENCE SECTOR
Make in India has played a huge role in the defence industry of the country. Various companies like Boeing, Lockheed Martin, Rafael industries, etc have invested in India and set up factories through which there is large-scale production of weapon systems for the use by Indian armed forces. Some success has been the making of attack helicopters Apaches and transport helicopters chinook and other weapon systems like AK203 rifles and much more. This has helped in providing jobs and help India in developing its defence industry on a large scale. Also transfer of technology from these companies is helping India becoming self- reliant in the field of defence production.
In my views, to make India free of unemployment by bringing development and growth policy is an urgent need of the hour. We can downsize poverty in India to a great level by solving the unemployment issue for youths. Thus, this campaign will help us achieve a new height. This may help in solving various economic disparities in the country.