Prime Minister of India, Narendra Modi launched a lot of schemes with the aim of developing the country and benefiting the people. Out of which he also laid the foundation of Men in India Make in India. The scheme was launched by Prime Minister Modi on 25 September 2014 at Vigyan Bhawan, Delhi.
What is Make in India
“Make in India” means “Made in India” which means the goods manufactured in our country. If most of the goods are made in our country, then it is clear that the price of these goods will also be low because when a commodity is imported from outside, then the goods become expensive due to taxation in it, if the manufacture of goods If it is in the country, then the possibility of exporting goods to other countries will increase and the income of our country will increase along with the employment of the youth of the country.
The main objective of Make in India is to promote foreign investment in our country as much as possible and at the same time provide excellent employment opportunities to citizens in India, so that India can become a distinct identity at the international level. Make in India also aims to give a boost to the domestic manufacturing industry.
The Modi government also aims to connect about 3500 companies under the Make in India campaign. This will provide employment to the youth of the country and strengthen the economic system of the country and will also encourage foreign investment.
The purpose of Make in India
- Under Make in India, the share of manufacturing in GDP is to be 15 to 25 percent by 2022.
- The main goal of the Modi government is to reduce inflation under Make in India, yes, if most of the items are manufactured in India, then obviously people will get the goods at cheap prices.
- The main goal of the Modi government is to start manufacturing all goods in India by the year 2022 under the Make in India program.
- Under this Make in India program, it is to attract the attention of foreign companies to encourage foreign investment.
- Apart from this, 100 million additional jobs have to be created.
- Under Make in India, foreign companies are also encouraged to invest in India, which will create new jobs.
- Under Make in India, more and more items have to be exported to other countries so that India’s economy will get a boost.
- The main objective of this Make in India is to manufacture more and more goods in India. With which people can get goods at a lower price, as well as to encourage foreign investment.
- Under the Make in India program of the Modi government, the manufacturing sector has to grow by around 11 to 14 percent.
- Under Make in India, the youth have been given complete freedom, so that the youth can do business with their new thinking, this will promote business.
- New companies will open under Make in India, which will increase employment opportunities, reduce poverty and make the country stronger financially.
- Make in India also aims to ensure the sustainability of development in the environment.
- The main objective of the government is to promote domestic value addition of Make in India and technical knowledge in manufacturing.
Started of Make in India
- Beginning – 25 September 2014
- Name of the scheme – Make in India
- The objective of Make in India – manufacture of all goods in India
- Who started – Prime Minister Narendra Modi
- How many areas were included – 25 areas
Make in India Vision
With the Make in India vision, the Modi government aims to remove poverty from the country and give economic strength to the country.
If we talk about the ‘logo’ of the Make in India campaign, there is a picture of a very beautiful lion in it, which is made in the Ashoka Chakra which also shows success in every field of India.
Like we told you in this article above that the main objective of Make in India is to manufacture more and more domestic products in the country, whereas if we talk about the manufacture of gross domestic products in the country, then only 20 percent of the products in India today Construction is done, due to which most of the goods need to be imported from outside countries, which also increases the prices of the goods significantly.
At the same time, the contribution to make the country’s gross domestic products under Make in India’s is to increase to about 30 percent. It is clear that if goods are manufactured in the country, then employment opportunities will increase, foreign direct investment will increase and India will become financially stronger.
Profit from Make in India
Under this, people’s trust has been attracted towards the brand, due to which the brand value has also increased significantly. In addition, GDP has expanded. Technical knowledge has increased. Apart from this, there are many benefits to people from Make in India’s which are as follows.
The economy of the country has been strengthened under the Make in India’s program of the Modi government. Foreign investment has received a big boost. Through Make in India’s, young people are trying their hand in business with new thinking, with the creation of many products in India’s, employment opportunities are also increasing.
1. It was easy to do business with Make in India
Under Make in India’s, the gross domestic products will be manufactured in India’s itself, while many countries will also be invited for this, due to which foreign investment will increase in India’s, which will strengthen India’s economy as well as ease of doing business with other.
2. Make in India boosted technical knowledge
India is a country which is not so technically developed, there is a lack of mechanization which is a hindrance in the development of the country, but under the Make in India’s, by aligning with foreign companies investing in India’s with new technology. There will be an opportunity to work together, which will increase the technical knowledge in India’s as well as provide skilled labor to the concerned nations.
3. Employment gets a boost under Make in India
The main objective of the Government of India behind the launch of the Make in India’s program is to create employment opportunities. Under this program, the younger generations are trying their hand in business with new ideas, which are not only increasing employment opportunities, but also strengthening the country’s economy.
The Modi government, under Make in India’s, has focused primarily on 25 sectors that have allowed traders in many sectors, including automobiles, telecommunications, tourism, media, entertainment, defense manufacturing, to move forward with new ideas.
4. Make in India gives strength to the rupee
FDI has got a boost under Make in India’s, under which the Indian rupee will be strengthened against the dollar. In fact, the establishment of new companies in India’s will increase the export of goods, which will attract the attention of the people under FDI, which will cause the Indian rupee against foreign currency. Will get strengthened.
5. Development of new ideas in youth
Under Make in India’s, the youth have been freed up for new thinking for skill development, due to which the young generation today is getting a chance to come up with new ideas in different fields, which is giving a boost to industrial and India. In the future, new options will be prepared for the future of the youth, which will secure the future of the youth of the country and they will not go to other countries for employment.
6. Increase in brand value through Make in India
Under the Make in India’s program, small manufacturing companies have benefited immensely as most people prefer to use branded items. This helps the international brand significantly, while the small manufacturing companies suffer but the Government of India Brand value has increased under this program.
7. Capital flow from Make in India
Under the Make in India’s program, many products will be manufactured in India’s itself, which will encourage foreign companies to invest in India so that India will not spend on foreign countries but will spend on India’s in the form of foreign investment and wages.
8. Make in India expansion of GDP
Make in India’s is contributing a lot in strengthening the Indian economy, as more domestic products are manufactured in the country, it will also boost trade and strengthen the country’s economy.
Let us tell you that under this, new factories were set up with which there was an increase in income, whereas under Make in India’s, 25 big areas have been focused, which is expected to grow in many sectors like textile, architecture, telecommunications. At the same time, GDP is also expanding.
Disadvantages from Make in India
While the industrial sector is getting boosted by Make in India’s, on the other hand the agricultural sector is being neglected, besides many companies are being created under Make in India’s which is causing the deletion of natural resources as most of the factories are natural. Consuming more of the resources, therefore, such resources are becoming extinct.
Every coin has two aspects, yes on one side, while Make in India’s is proving beneficial to the people, on the other hand, Make in India is also having negative effects on many sectors.
Along with this, small traders are also making losses under Make in India because Make in India’s invites foreign companies to manufacture in India’s. Apart from this, there are many disadvantages from Make in India’s which are as follows.
1. Make in India being ignored by agriculture
While the government’s Make in India’s is encouraging the creation of new companies, on the other hand, agriculture is also being neglected, this program is having a negative effect on farming, in fact, more and more industrial areas were promoted under Make in India’s. Going on the other side, farming is being disregarded in India’s, no attention is being paid to this.
2. Increase pollution due to Make in India
On one hand, making goods in India will strengthen India’s economic condition, on the other hand, opening new companies will also cause a lot of damage, in fact, the contaminants emitted from companies pollute the environment which will have an ecologically negative effect.
3. Loss to small traders due to Make in India
Under the Modi government’s Make in India’s, small traders are suffering a lot, as more and more foreign companies are being motivated to manufacture goods in India’s under this program, due to which foreign companies are coming to India’s and doing business. Due to which these foreign companies are seen dominating the small traders, which the small traders are suffering.
4. Natural resources are becoming extinct from Make in India
The Modi government’s Make in India’s program is primarily based on industries that are manufactured, hence these companies demand a re-set up that consumes more of the natural resources like water, land, etc., due to which the natural resources Is being erased.
5. Disadvantages of Make in India being a manufacturing based economy
Under this Make in India’s program, the emphasis is mainly on manufacturing more and more items in India’s which is proving to be harmful for other economic sectors.
In fact, let us tell you that the Indian economy is mainly based on the formation of agriculture, services and industry, while the Indian economy is playing an important role in the service sector, along with this the service sector also contributed about 58 percent of GDP.
Make in India website
The Modi government has also launched a website aimed at making Make in India’s a success. In which the complete details of the Make in India’s campaign have been given, along with this, the Make in India website gives 25 sectors their data, growth factors, favorable policies to invest in each sector, government support and new opportunities for investors as well. It shows. Along with this, it also helps people in answering all the questions related to this campaign.
Why do companies in India not want to do construction?
Modi government’s idea of Make in India’s where companies will be inspired to manufacture in India’s but for them it will not be less of a challenge because all the facilities to manufacture are not available due to which there is a lot of trouble in the manufacture of goods.
Apart from this, India’s very poor infrastructure and poor operating system are the biggest hindrances in becoming India’s manufacturing hub. But under Make in India, the Modi government has promised to remove all these hurdles so that new companies can be established here.
Focus on 25 main areas under Make in India
Let us tell you that under this, more and more new companies will be developed in India’s, which will strengthen the country financially, as well as the foreign company will also contribute, which will accelerate the development of the country. Following are the 25 regions selected under Make in India’s.
The government has selected 25 main areas under the Make in India’s program in which maximum development will be done. At the same time, foreign investment in these areas will also be encouraged and investment will be increased from the Government of India.
- Electrical machinery
- Media and entertainment
- Road and highway
- oil and gas
- Textiles and Clothing
- Electronic system
- Tourism and Hospitality
- Thermal power
- Defense manufacturing
- Automobile component
- Food processing
- IT and BPM
These areas have been included under the Make in India’s campaign, which will focus on skill development of the Indian economy in these areas. With this, FDI has been opened up extensively in defense production, construction and railway infrastructure under Make in India’s. Which will accelerate the economy of India’s.
Make in India’s is one of the main schemes launched by the Modi government, which has not only created new employment opportunities in India but has also given a new direction to India’s economy.
In the future, Make in India’s will prove to be much better for the youth as more and more items will be manufactured in India’s under Make in India, which will reduce the import of goods and make things available to the people at a cheaper price, as well as the country’s economy will boom.
The launch of Make in India’s is a good initiative of the Modi government which will ensure the future of today’s youth, their future.
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