MAKE IN INDIA
Make in India is an ambitious initiative program of the Government of India, launched by Prime Minister Narendra Modi on 25th September 2014 to promote India as a global manufacturing hub nationally and abroad, boosting the country’s economic prospect. The major objective behind the initiative is to focus on the following 25 sectors of the economy for job creation and skill enhancement;
- Automobiles,
- Automobile components,
- Aviation,
- Biotechnology,
- Chemicals,
- Construction,
- Defence manufacturing,
- Electrical machinery,
- Electronic systems,
- Food processing,
- Information Technology & Business process management,
- Leather,
- Media & Entertainment,
- Mining,
- Oil & Gas,
- Pharmaceuticals,
- Ports & shipping,
- Railways,
- Renewable energy,
- Roads & highways,
- Space,
- Textiles & garments,
- Thermal power,
- Tourism & hospitality
The initiative aims at high quality standards & minimizing the impact on the environment as well as hopes to increase GDP growth & tax revenue. The initiative hopes to attract capital and technological investment in India. The campaign was designed by Wiedden + Kennedy.
‘Make-in-India is a lion’s step,’ was the announcement made by the Government of India after launching the logo of his ambitious campaign to attract companies to India. The logo is the silhouette of a lion on the prowl, made entirely of cogs, symbolizing manufacturing, strength and national pride. The lion logo adorns the brand new website – makeinindia.com – for the campaign and all its brochures. The website is a ready reckoner for data on 25 sectors that are looking to attract companies to India. It also lists new initiatives of the government, facts on Foreign Direct Investment and intellectual property rights. The government is pulling out all the stops for ensuring a smooth sailing for investors, by setting up a dedicated cell to answer queries of business entities within 72 hours. It will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.
RESPONSES:
- Spice Group said it would start a mobile phone manufacturing unit in Uttar Pradesh with an investment of 500 crores.
- A memorandum of understanding was signed between the Spice Group and the Government of Uttar Pradesh
- HyunChil Hong, the President & CEO of Samsung South West Asia, met with Shri. Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises (MSME), to discuss a joint initiative under which 10 “MSME-Samsung Technical Schools” will be established in India.
- Samsung said that will manufacture the Samsung Z1 in its plant in Noida.
- Hitachi said it was committed to the initiative & increases its employees in India from 10,000 to 13,000 as well as it would try to increase its revenues from India from ¥100 billion in 2013 to ¥210 billion. It said that an auto-component plant will be set up in Chennai in 2016.
- Huawei opened a new research and development (R&D) campus in Bangalore. It had invested US$170 million to establish the research and development center.
- Marine Products Export Development Authority said that it was interested in supplying shrimp eggs to shrimp farmers in India.
- France-based LH Aviation signed an MoU with OIS Advanced Technologies to set up a manufacturing plant in India to manufacture drones.
- Foxconn announced that it would invest $5 billion over five years to set up R&D and hi-tech semiconductor manufacturing facility to be set up in Maharashtra
- General Motors had announced that it would invest US$1 billion to begin manufacturing automobiles in the state.
- Qualcomm announced that it was starting a “Design in India” program to help mentor up to 10 Indian hardware companies with the potential to come up with innovative solutions and help them reach scale.
