How to make in India scheme changing India's Picture

The 'Make in India' initiative was launched in 2014 by the Government of India, with the objective of making India a global manufacturing hub. The scheme aims to increase the contribution of the manufacturing sector to the GDP of the country and to generate employment opportunities for the people.

The initiative focuses on 25 sectors of the economy, including automobiles, chemicals, construction, defense manufacturing, electrical machinery, food processing, textiles, and tourism.

The scheme aims to provide an enabling environment for investors by simplifying the business process, promoting ease of doing business, and providing fiscal incentives.

One of the key components of the 'Make in India' initiative is the 'Invest India' program, which aims to attract foreign investment to India. The program provides a one-stop shop for investors looking to set up their businesses in India. Invest India offers a range of services, including providing information on investment opportunities, facilitating regulatory approvals, and offering after-care services to investors.

The manufacturing sector in India has been growing at a steady rate, with many international companies setting up their manufacturing units in India. For example, Samsung has set up the world's largest mobile manufacturing plant in India.

Similarly, Foxconn, which is the largest contract electronics manufacturer in the world, has set up a manufacturing unit in India.

The 'Make in India' initiative has also helped in creating employment opportunities in the country. As per the latest data, the manufacturing sector in India employs around 73 million people. The initiative has also helped in improving the skill level of the workforce in the country by promoting vocational training.

The 'Make in India' initiative has also led to a reduction in the cost of manufacturing in India. The government has introduced several fiscal incentives, such as tax exemptions and subsidies, to promote manufacturing in the country. The government has also taken steps to simplify the business process by reducing the number of regulatory approvals required to set up a business in India.

The initiative has already started showing results, with many international companies setting up their manufacturing units in India. The initiative has also created employment opportunities and has helped in improving the skill level of the workforce in the country.

The 'Make in India' initiative is a step in the right direction, and the government must continue to promote manufacturing in the country to achieve its objective of becoming a developed nation