‘Make in India’: a Visionary Campaign of Government of lndia

Gyan Management Journal
Year: 2015 (Jan-Jun), Volume: (9), Issue. (1)
First page: (105) Last page: (108)
Online ISSN: A/F
Print ISSN: 2250-348X
doi: 

‘Make in India’: a Visionary Campaign of Government of lndia
Prof. A.K.Mittal1 and Dr. Vimal Kumar Aggarwal

1Professor, Gian Jyoti Institute of Management& Technology, Mohali (Punjab) 
2:Director, Gian Jyoti Institute of Management& Technology, Mohali (Punjab)

Corresponding author email id:

Received:
19 Mar 2015

Accepted:
15 Apr 2015

Online Published:
19 May 2015

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ABSTRACT

Make in India is an initiative of the Government  of India, to encourage companies to  manufacture their products in India. Prime  Minister Narendra Modi had hinted towards  the launch of Make in India Campaign in his  Independence Day speech of 15 August 2014.  It was launched on 25 September 2014 in a  function at the Vigyan Bhawan. A young nation  with 800 million people under age 35, India is  brimming with optimism and confidence. The  young people’s energy, enthusiasm and  enterprise are India’s greatest strength.  Unleashing those attributes is the present  government’s biggest mission.The major objective behind the initiative is to  focus on 25 sectors of the economy for job  creation re: automobiles, chemicals,IT,  pharmaceuticals, textiles, ports, aviation,  leather, tourism and hospitality, wellness,  railways, auto components, design  manufacturing, renewable energy, mining,  ·Jio-technology, and electronics. The initiative  :iopes to increase GDP growth and tax revenue.  The initiative also aims at high quality  standards and minimising the impact on the  :environment. The initiative hopes to attract capital and technological investment in India.  Under the initiative, brochures on the 25  sectors and a web portal were released. Before  the initiative was launched, foreign equity caps  in various sectors had been relaxed or  removed. The application for licences was  made available online.

Keywords

manufacture , energy, enthusiasm,enterprise automobiles, chemicals,IT,  pharmaceuticals, textiles, ports, aviation, tourism and hospitality, wellness,  railways