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Make in India Essay for Students in English [500 Words Essay]
January 4, 2021 by Sandeep
Essay on Make in India: The Narendra Modi government launched a prestigious campaign on 25th of September, 2014 called “Make in India”. The campaign was a huge call out to all prospective investors to effectively start their investment ventures in any field, any sector on the Indian soil. It was an attractive campaign for global investors to look for enduring proposals in India. Foreign investors could set up units here owing to the huge business investments open in our country.
Essay on Make in India 500 Words in English
Below we have provided Make in India Essay in English, suitable for class 6, 7, 8, 9 & 10.
Our Prime Minister Narendra Modi initiated the Make in India project on 25th September 2014. The government launched it to boost domestic manufacturing which contributes approximately 16% of the GDP and aim is to achieve up to 25% by 2022. The project determines to focus on twenty-five sectors of the economy such as mining, automobile, electronics etc. in doing so; such a progressive step will enhance foreign exchange and improve employee benefits.
Moreover, it also aims at minimalizing imports of various products to mitigate the cost of the trade deficit. Hence our exports will increase exponentially and bring the latest technology into the country. The sign of this campaign is a lion with several mechanical wheels. The lion depicts perseverance and intelligence. The paramount principle this project follows is to encourage foreign companies to invest in India and manufacture products in India. Due to decreasing employment opportunities in the nation, the problem of unemployment proliferated, and the complexity of business and investment compelled business people to leave the country.
During such time, make in India project proved to be a milestone. It serves as a blessing to the production sector, thus bringing prosperity to the economy. With a vision to be self-sufficient, the investments from foreign countries are persuaded on a larger scale to set up new factories and job opportunities for the people. This will augment the production of affordable goods and simultaneously emerge as a major exporting country. Furthermore, the government has made several amendments regarding the rules and regulations in doing business.
Apart from this, such initiative will have linkage to other industries like start-up India, digital India and skill India. Also, there will be a single-window clearance to guide first-time investors. The campaign has already proved to be a considerable success, and if it moves at a steady pace, it will transform India into a vast manufacturing hub and upgrade our economy. MAKE IN INDIA: A DREAM COME TRUE FOR YOUNG ENTREPRENEUR
10 Lines Essay on Make in India
- Make in India is a kind of Swadeshi campaign launched on 25th September 2014.
- It was initiated by the new Prime Minister of India, Narendra Modi during the 68th Independence Day of India.
- The logo of the project is a lion on the prowl, made with cogs.
- The key phrase of the campaign is “Zero Defects, Zero Effect.”
- The mission falls under the Department of Industrial Policy and Promotion.
- The campaign aims at improving employment opportunities and focuses on the manufacturing sector.
- Moreover, the project encourages foreign investors to invest in India.
- The Prime Minister wants to make India self-sufficient and economically progressive.
- The government has also started an online website to get the detail information on the same.
- Make in India proved to be a successful attempt, and hence many other schemes were launched after that.
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Make in India Essay
The Make in India initiative aims to start domestic manufacturing of various goods instead of importing them from other countries. This scheme will give the people of India more opportunities to improve their skills and abilities. The campaign concentrated on 25 industries to increase investments and job possibilities. Here are a few sample essays on "Make in India".
100 Words Essay On Make In India
India experienced a severe economic crisis in 2013 when the developing market collapsed, and the growth rate sharply decreased. Investors from over the world were thinking about investing in India. On September 25, 2014, our prime minister, Narendra Modi, founded the "Make in India" initiative. A request for investment in India is being made to the best business investors around the world. All investors have an excellent opportunity to launch their businesses in any industry, anywhere in the nation. This attractive campaign includes creative recommendations for foreign enterprises to establish manufacturing facilities in India. The Make In India campaign can help the country's economy reach a new height and solve various social issues.
200 Words Essay On Make In India
The Indian government's Make in India campaign is centred on creating efficient physical infrastructure. Further, it was intended to extend the nation's digital network market and become a hub for international trade.
3 Is | Make in India is the promotion of foreign investment such that it brings the latest technology, increases the scope of knowledge, and promotes research and development. Thus, make in India focuses on 3Is, which are infrastructure, investment and innovation.
Focus On 25 Sectors | The campaign focused on 25 sectors to increase investments and job opportunities. The development of these 25 sectors will contribute to the nation's economy growing more quickly.
Logo | The logo for the “Make In India” mission shows a lion with wheels encompassing every inch of its body. It represents development, sturdiness, and intelligence.
Objective | This initiative's objective is to increase foreign investment in the country. This will facilitate the establishment of international corporations in India. 15% of the country's GDP comes from manufacturing. By 2022, the campaign aims to boost the manufacturing sector's GDP contribution by 25%.
In India, both unemployment and poverty rates are high. By creating new job opportunities, the "Make in India" initiative aims to reduce poverty and the unemployment rate in the country. The initiative also emphasises the growth of Indian people in rural areas.
500 Words Essay On Make In India
The "Make in India" campaign strives to promote India as a place where international investments can be made and a global hub for manufacturing, design, and innovation. The "Make in India" project encourages entrepreneurship in the nation and the manufacturing sector.
The "Make in India" initiative aims to turn India into a manufacturing centre. This campaign's primary goal is to require that everything sold everywhere in the world be made in India. Both domestic and international businesses can perform the manufacturing. This project aims to increase global investment in the country as well. This will make it easier for multinational corporations to establish operations in India.
The day following the Mars Mission, when Indian prime minister, Narendra Modi, had to leave for his first visit to the USA, this campaign was started. Indian government created this programme to improve India's manufacturing sector, which will undoubtedly help the country's economy.
Support For Investors
The Indian government is working hard to minimise any form of burden on investors. A specialised team has been set up and is prepared to respond to any questions from business organisations via the website (makeinindia.com). To reply to individual inquiries within 72 hours, there is also a back-end support team.
Advantages Of Make In India
Most of the raw materials needed to manufacture various items are readily available in our nation. By advocating this plan, the resource will only be used appropriately in our country.
This plan will strengthen the economy of our country.
Creating as many employment options for Indian nationals as possible is one of the critical goals of the Make in India campaign.
Boosting economic growth to raise GDP.
The inflow of FDI will increase, strengthening the rupee.
Small manufacturers will benefit significantly if foreign investors invest in them.
Disadvantages Of Make In India
The ecology will suffer significantly due to the growth of new industries. It will degrade the quality of water, air, and soil of the country.
The agricultural industry might get ignored as a result. Less attention would be paid to agricultural activity.
Small enterprises might lose a lot of money. They will compete more fiercely with foreign investor firms.
Since no one wants to encourage competitors, this will undoubtedly ruin relations with nations that have already established themselves in the same industry.
Examples Of Execution
A few examples of how "Make in India" came into action are discussed below.
In January 2015, Samsung Mobile Company CEO Hyun Chil Hong met MSME Minister Kalraj Mishra and discussed potential collaborations and the company's Noida facility.
In February 2015, HUAWEI inaugurated its Research and Development Campus in Bengaluru, and Hitachi discussed investing in India and stated they could set up shop there. Along with this, he discussed how the Chennai government had approved the construction of a telecom hardware plant in Chennai.
In February 2015, XIAOMI Mobile Company suggested working with the Andhra Pradesh government.
In August 2015, Lenovo announced that production of its Motorola mobile phones had begun at a facility close to Chennai.
In December 2015, VIVO Mobile Company, which employed 2200 employees, began producing its mobile devices in Noida.
When the Japanese Prime Minister visited India in December 2015, he donated 12 lakh crores of Japanese money to the Make in India initiative.
The scheme Make in India will help in developing the country in various ways. The proper execution of policy will slowly eradicate the problem of poverty and unemployment in our country.
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Essay on Make In India – Samples, 10 Lines to 1500 Words
Essay on Make In India: Make In India is a flagship initiative launched by the Indian government to promote manufacturing and boost economic growth in the country. This ambitious program aims to transform India into a global manufacturing hub by attracting foreign investment, fostering innovation, and creating job opportunities for millions of Indians. In this essay, we will explore the impact of Make In India on the Indian economy, its successes and challenges, and the potential for India to emerge as a major player in the global manufacturing sector.
Table of Contents
Make In India Essay Writing Tips
1. Introduction: Start your essay by introducing the concept of Make In India. Explain that it is an initiative launched by the Indian government to promote manufacturing and boost economic growth in the country.
2. Background: Provide some background information on the Make In India initiative. Mention that it was launched in September 2014 by Prime Minister Narendra Modi with the aim of making India a global manufacturing hub.
3. Objectives: Discuss the objectives of Make In India, which include increasing the contribution of the manufacturing sector to the GDP, creating jobs, attracting foreign investment, and promoting innovation and entrepreneurship.
4. Key sectors: Highlight some of the key sectors that the Make In India initiative focuses on, such as automobiles, textiles, pharmaceuticals, electronics, and renewable energy.
5. Benefits: Explain the benefits of the Make In India initiative, both for the Indian economy and for foreign investors. Mention that it has led to increased foreign direct investment, job creation, and technological advancements in various sectors.
6. Challenges: Acknowledge the challenges that the Make In India initiative has faced, such as bureaucratic red tape, infrastructure bottlenecks, and global economic uncertainties. Discuss how these challenges can be overcome to ensure the success of the initiative.
7. Success stories: Provide examples of successful projects or companies that have benefited from the Make In India initiative. Highlight how these success stories have contributed to the overall growth of the Indian economy.
8. Conclusion: Summarize the key points of your essay and emphasize the importance of the Make In India initiative in driving economic growth and creating opportunities for both domestic and foreign investors. Mention that with the right policies and support, Make In India has the potential to transform India into a global manufacturing powerhouse.
Essay on Make In India in 10 Lines – Examples
1. Make In India is an initiative launched by the Indian government in 2014 to promote manufacturing in the country. 2. The goal of Make In India is to increase the contribution of the manufacturing sector to India’s GDP and create jobs. 3. The initiative focuses on 25 key sectors including automobiles, textiles, and electronics. 4. Make In India aims to attract foreign investment and technology to boost domestic manufacturing capabilities. 5. The initiative also aims to improve the ease of doing business in India by simplifying regulations and procedures. 6. Make In India has led to the creation of dedicated investment promotion teams and a single-window clearance system for businesses. 7. The initiative has seen success in sectors like electronics, where companies like Apple and Samsung have set up manufacturing plants in India. 8. Make In India has also led to the development of industrial corridors and special economic zones to support manufacturing activities. 9. The initiative has faced challenges such as infrastructure bottlenecks and bureaucratic red tape. 10. Overall, Make In India has been instrumental in promoting manufacturing and boosting economic growth in India.
Sample Essay on Make In India in 100-180 Words
Make in India is a government initiative launched in 2014 by Prime Minister Narendra Modi with the aim of transforming India into a global manufacturing hub. The initiative focuses on encouraging both domestic and foreign companies to manufacture their products in India, thereby boosting the country’s economy and creating job opportunities for its citizens.
The Make in India campaign has been successful in attracting foreign investment and promoting indigenous manufacturing in sectors such as automobiles, electronics, textiles, and defense. It has also helped in improving the ease of doing business in the country by simplifying regulations and procedures for setting up businesses.
Overall, Make in India has played a significant role in promoting economic growth and development in India. By encouraging manufacturing activities and creating a conducive environment for businesses, the initiative has helped in positioning India as a competitive player in the global market.
Short Essay on Make In India in 200-500 Words
Make in India is an initiative launched by the Government of India in September 2014 with the aim of transforming the country into a global manufacturing hub. The initiative was introduced to attract foreign investment and boost the manufacturing sector in India. The main objective of Make in India is to increase the contribution of the manufacturing sector to the country’s GDP and create job opportunities for the growing population.
One of the key features of the Make in India initiative is the focus on ease of doing business in the country. The government has implemented various reforms to simplify the regulatory environment and make it easier for businesses to set up and operate in India. This includes streamlining the process for obtaining permits and licenses, reducing the number of approvals required, and improving infrastructure and logistics to facilitate the movement of goods.
Another important aspect of Make in India is the promotion of innovation and technology in the manufacturing sector. The government has launched various schemes and programs to encourage research and development in key sectors such as electronics, automobiles, pharmaceuticals, and textiles. This has led to the growth of indigenous manufacturing capabilities and the development of new technologies that can compete on a global scale.
Make in India has also focused on promoting sustainable and inclusive growth in the manufacturing sector. The government has introduced policies to encourage the adoption of green technologies and practices, as well as initiatives to promote the participation of women and marginalized communities in the workforce. This has not only helped in creating a more sustainable and inclusive manufacturing sector but has also contributed to social and economic development in the country.
Since its launch, Make in India has attracted significant foreign investment and has helped in boosting the manufacturing sector in the country. Several multinational companies have set up manufacturing facilities in India, creating job opportunities and contributing to the growth of the economy. The initiative has also led to the development of new industrial clusters and the expansion of existing manufacturing hubs, further strengthening India’s position as a global manufacturing hub.
In conclusion, Make in India has been a significant initiative by the Government of India to boost the manufacturing sector and attract foreign investment. The focus on ease of doing business, innovation, and sustainability has helped in creating a conducive environment for businesses to thrive and grow. With continued support and investment, Make in India has the potential to transform India into a global manufacturing powerhouse and drive economic growth and development in the country.
Essay on Make In India in 1000-1500 Words
Make in India is a flagship initiative launched by the Government of India in September 2014 with the aim of transforming the country into a global manufacturing hub. The initiative is aimed at promoting domestic manufacturing and attracting foreign investment to boost the country’s economy. Make in India focuses on 25 key sectors including automobiles, textiles, pharmaceuticals, information technology, and renewable energy among others.
The main objective of Make in India is to increase the contribution of the manufacturing sector to the country’s GDP and create millions of jobs for the growing population. The initiative also aims to improve the ease of doing business in India by simplifying regulations and procedures for setting up and operating businesses in the country. Make in India is not just a slogan but a comprehensive strategy to make India a global manufacturing powerhouse.
One of the key features of Make in India is the focus on promoting innovation and entrepreneurship in the manufacturing sector. The initiative aims to create a conducive environment for startups and small and medium enterprises (SMEs) to thrive and grow. The government has introduced various schemes and incentives to support innovation and entrepreneurship in the manufacturing sector. These include tax incentives, subsidies, and access to finance for startups and SMEs.
Another important aspect of Make in India is the focus on skill development and training. The initiative aims to bridge the skill gap in the manufacturing sector by providing training and upskilling opportunities to the workforce. The government has launched various skill development programs to train workers in the manufacturing sector and make them more employable. This will not only create job opportunities for the youth but also improve the productivity and efficiency of the manufacturing sector.
Make in India also aims to promote sustainable and inclusive growth in the manufacturing sector. The initiative focuses on promoting environmentally friendly manufacturing practices and reducing the carbon footprint of industries. The government has introduced various policies and regulations to promote sustainable manufacturing practices and encourage industries to adopt green technologies. This will not only help in reducing pollution and conserving natural resources but also improve the competitiveness of Indian industries in the global market.
One of the key achievements of Make in India is the increase in foreign direct investment (FDI) in the manufacturing sector. The initiative has attracted billions of dollars in FDI from multinational companies looking to set up manufacturing facilities in India. This has not only boosted the country’s economy but also created thousands of jobs for the local workforce. The government has also signed various trade agreements and partnerships with other countries to promote bilateral trade and investment in the manufacturing sector.
Make in India has also helped in promoting the export of Indian manufactured goods to other countries. The initiative aims to make India a global manufacturing hub and increase the country’s share in the global export market. The government has introduced various export promotion schemes and incentives to support exporters and help them compete in the international market. This will not only boost the country’s export earnings but also improve the trade balance and strengthen the rupee.
However, Make in India also faces several challenges that need to be addressed to achieve its full potential. One of the key challenges is the lack of infrastructure and logistics support for the manufacturing sector. The government needs to invest in improving infrastructure such as roads, ports, and power supply to support the growth of industries. The high cost of land and regulatory hurdles also pose challenges for businesses looking to set up manufacturing facilities in India. The government needs to streamline regulations and procedures to make it easier for businesses to operate in the country.
Another challenge is the lack of skilled manpower in the manufacturing sector. The government needs to focus on training and upskilling the workforce to meet the demands of the industry. The education system also needs to be revamped to focus on practical skills and vocational training to make the youth more employable. The government needs to work closely with industry associations and educational institutions to bridge the skill gap in the manufacturing sector.
In conclusion, Make in India is a bold initiative by the Government of India to transform the country into a global manufacturing hub. The initiative aims to promote domestic manufacturing, attract foreign investment, and create millions of jobs for the growing population. Make in India focuses on promoting innovation, entrepreneurship, and sustainable growth in the manufacturing sector. The initiative has attracted billions of dollars in FDI and helped in promoting the export of Indian manufactured goods to other countries. However, Make in India also faces several challenges that need to be addressed to achieve its full potential. The government needs to invest in infrastructure, streamline regulations, and focus on skill development to make Make in India a success. With the right policies and support, Make in India has the potential to transform India into a global manufacturing powerhouse.
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- Make in India Essay
Essay on Make in India
Make in India means to encourage foreign investment that brings the latest technology, broadens the realm of knowledge, and infuses research and development within the country.
In 2013, India was in a severe economic crisis when the emerging market had crashed and the growth rate had fallen drastically. The global investors were contemplating their investment in India.
Prime Minister Narendra Modi launched the ‘Make in India’ program amidst the crisis situation on 25 th September 2014, which aimed at attracting foreign companies to set up factories in India and invest in the country’s infrastructure.
The ‘Make in India’ campaign aims at promoting India as a destination of foreign investments and a pivot for manufacturing, design, and innovation globally. The ‘Make in India’ initiative does not only target the manufacturing Sector but also aims at promoting entrepreneurship in the country.
This initiative further aims at creating a favorable environment for investment, modern infrastructure, opening up new sectors for foreign investment, and establishing a partnership between government and industry through a broader outlook.
The manufacturing sector currently contributes to 15% of the country’s GDP. The action plan of the mission is to raise the contribution to 25% of the GDP by 2020.
A lion with a body made up of clogs inspired from the Ashoka Chakra Symbolizes the mission. The lion on the prowl in the logo stands for strength and power and the wheels on the body of the lion signify development and progress. Through this mission, the government took a big step to reduce the level of unemployment faced by the youth of the country.
This campaign was launched a day after the Mars Mission when the PM had to go on his first visit to the USA. The aim of launching this campaign was to raise the level of the manufacturing sector in India, which will definitely boost the Indian economy.
Guidelines and Policy for Make in India
The government laid new Guidelines to start the mission successfully. The main objective of the Guidelines was to sanction the projects that are approved by state governments. Some Guidelines are like:
Reduce paperwork required for establishing companies.
Minimize the time required for government approvals.
Abolish the Corporate Social Responsibility (CSR) from the project cost.
Policies have been made for convenient transfer of funds while switching jobs anywhere in the country. A cell was dedicated to responding to the queries for business entities through a web portal.
Sectors That Were Identified Under The ‘Make In India’ Mission:
There are twenty-five Sectors that were identified under this mission. It includes Automobile, automobile parts, aviation, biotechnology, chemicals, construction, defense production, electrical machinery, electronic systems, food process, IT and BPM, leather, entertainment and media, mining, oil and gas, pharmaceutical industry, shipping, railways, renewable energy, roads and highways, space, textiles and garments, thermal power, tourism and hospitality, wellness.
Benefits and Criticism
Labor and natural resources are available in plenty in India and that Makes it a preferred manufacturing destination. More job opportunities can be provided for the huge population.
The manufacturing Sectors will not only boost the trading Sector but also increase the GDP of the Indian economy. The opening of factories will contribute to the development of the rural sector.
This highly beneficiary initiative faces several challenges like rigid labor laws, red tape at providing environmental clearance for big projects, poor technology, and transportation system.
The increase in production leads to the growth in the economy of any country. Make in India campaign will provide a platform for many small entrepreneurs to grow and employment to a huge population. The investments coming from foreign companies and growth in the manufacturing sector can raise the bar of the Indian economy.
Is There Any Disadvantage Associated with the Concept of Make in India?
Every concept has some advantages and disadvantages associated with it. The Make in India concept is no exception as well. Since the campaign of Make in India demands a lot of industrial sectors and the development of technologies, the agricultural sector will be neglected because most of the Indian population earns their livelihoods through it. The development of industrial Sectors demands a lot of plots, water, and other natural resources. Currently, India is not in the position to allow the unnecessary depletion of natural resources in order to develop industrial Sectors.
Since plots are highly required in order to establish a particular industrial Sector, the industrialists will use the lands that are available for agricultural purposes. Moreover, the journey of the common business people and entrepreneurs will be halted.
With the development of industrial Sectors, the necessity to seek help from franchisees will also increase due to the requirement of funds. Only international private Sectors can arrange for a huge amount of funds to invest in and it will contradict the goals of the campaign itself. Also, there is a chance of increased pollution due to the development of industrial Sectors.
What is the Primary Importance of the Make in India Campaign?
The campaign can prove to be highly important for the growth of India as a country. To cope up with work pressure, the various industrial Sectors recruit young aspirants who are talented and in need of urgent jobs. The campaign will help India to build a strong reputation all over the world as a manufacturing hub and a lot of international private Sectors will show their interest to manufacture their own products in India. A lot of people will get the opportunity to develop their skills depending on the market trends as well.
But, to make the campaign even more successful, the government needs to take special care of the other Sectors apart from chemicals and aviation. A lot of research projects are undertaken by researchers in the field of chemistry and aviation. But the Make in India campaign is not particularly successful in terms of building the reputation of an efficient manufacturing hub.
What are the Major Challenges that should be Taken Care of in order to Make the Campaign Successful?
In order to Make a particular campaign successful, a lot of difficulties and issues should be addressed at the same time. India is a country where various political debates take place at times and this usually impacts the Industrial Sectors. A lot of people in India do not have the basic education that is needed to develop their skills and contribute to various kinds of industrial Sectors.
The people of India often face difficulties to carry out their tasks properly due to insufficient power supply. The infrastructure of various Industrial Sectors in India is not really developed and this hampers the workflow. The people of India often face other challenges as well like poor drainage systems in order to flush out the toxins of the factories. To Make any particular campaign successful in India, the government must take remedial steps at once.
What is the Importance of Having Knowledge of the Make in India Campaign?
It is highly important for the students and the common people to remain updated about the latest occurrences that are taking place and are considered highly important in terms of the growth and development of the nation. The students who are appearing for their class examinations may need to answer some questions regarding this topic.
The students are often asked to deliver a speech on one of the important topics like this. They are often asked to write essays. In order to write a particular essay, the students need to have at least some basic information on the topic. To know more about such campaigns, the students should build the habit of reading newspapers and following the latest blogs and articles published on the websites.
There are various articles published on the website of Vedantu that deal with different topics and social awareness movements. There are also some reference books available on the website that can provide them with the key concepts in detail so that they can develop their thought process and rational thinking ability depending on that.
FAQs on Make in India Essay
1. Who Launched The ‘Make In India’ Campaign?
Narendra Modi launched the ‘Make in India’ campaign on 25th September 2014.
2. What is the objective of ‘Make in India’?
‘Make in India’ campaign aims at attracting foreign companies to set up factories in India and invest in the country’s infrastructure. The main objective was to create employment opportunities for the huge population.
3. What Does The Logo Of The Lion Signify?
The lion in the logo signifies strength and power while the wheels on the body of the lion are a sign of development and progress.
4. What are the Advantages of the Campaign ‘Make in India’?
The Advantages of the campaign are: Employment opportunities for a huge population.
Boost the economic growth of the country
Attract more foreign investments
Global recognition.
5. Can any individual use the Make in India logo on the products?
This particular logo cannot be used by any individual without the permission of DIPP. If any individual entrepreneur or marketer wants to use the Make in India logo on their products they need to take permission from DIPP by following proper legal procedures. Only after the Government of India allows them to do so, can they use the particular logo. To know more about the Make in India products, go through the articles published on the website of Vedantu.
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10 Years of Make in India: Transforming India's Manufacturing & Economic Landscape
What’s in today’s article?
Why in news, what is make in india (mii) initiative.
Launched on September 25, 2014, by PM Modi, the "Make in India" initiative marked a pivotal shift in India's economic strategy.
The 10th anniversary of the initiative in 2024 celebrates its success in reinvigorating the Indian economy, boosting global competitiveness, and setting India on a path to self-reliance (Atmanirbhar Bharat).
- Make in India came in response to a critical economic situation where, by 2013, India's growth rate had plummeted to its lowest in a decade.
- The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’.
- The country stood at a crossroads, with questions arising about whether it was too large to succeed or too large to fail, necessitating an urgent and substantial economic push.
- In September 2014, PM Modi launched the "Make in India" initiative as part of a broader strategy to revitalize the nation's economy.
- The initiative aimed to transform India into a global design and manufacturing hub.
- At its core, "Make in India" sought to create a robust manufacturing ecosystem that could elevate India's economic position and provide employment to its vast workforce.
- The initiative emphasized the importance of making India a global hub for design, innovation, and manufacturing across a wide range of sectors.
- Manufacturing Sectors : Aerospace and Defence; Automotive and Auto Components; Pharmaceuticals and Medical Devices; Biotechnology; Textiles and Apparels; Chemicals and Petrochemicals; Electronics System Design and Manufacturing (ESDM); Food Processing; Gems and Jewellery; Railways, and more.
- Service Sectors: Information Technology (IT) and IT-enabled Services (ITeS); Tourism and Hospitality; Medical Value Travel; Transport and Logistics Services; Accounting and Finance Services; Audio Visual and Legal Services, among others.
- Pillars of MII
- Major initiatives under MII
Key Initiaves under Make in India
- The PLI schemes have provided a financial outlay of ₹1.97 lakh crore ($26 billion) across 14 key sectors, including electronics, automobiles, pharmaceuticals, and textiles.
- As of 2024, these schemes have approved 755 applications, leading to ₹1.23 lakh crore in investment and generating employment for around 8 lakh individuals.
- Introduced in 2021, PM GatiShakti is a national infrastructure plan aimed at achieving multimodal connectivity through the integration of transportation, energy, and communication networks.
- The program brings together 36 ministries and departments to enhance logistics efficiency and synchronize project implementation.
- The "seven engines" of the program—railways, roads, ports, waterways, airports, mass transport, and logistics infrastructure—drive economic growth and job creation.
- To reduce dependence on foreign imports and establish self-reliance in critical technologies, the government launched the Semicon India Programme with an outlay of ₹76,000 crore.
- Unveiled in 2022, the NLP complements the PM GatiShakti by focusing on reducing logistics costs, improving India’s Logistics Performance Index (LPI) ranking, and building a sustainable logistics network.
- It aims to streamline logistics through digital systems, standardization, and human resource development.
- The National Industrial Corridor Development Programme is India's largest infrastructure initiative aimed at creating "Smart Cities" and advanced industrial hubs.
- The program promotes manufacturing growth and systematic urbanization through integrated industrial corridors with multi-modal connectivity.
- The recent approval of 12 new projects, with an investment of ₹28,602 crore, strengthens India’s position as a global manufacturing and investment destination.
- Launched on January 2016, the Startup India initiative supports entrepreneurs and aims to build a robust startup ecosystem.
- By September 2024, India has the third-largest startup ecosystem, with 148,931 DPIIT-recognized startups generating over 15.5 lakh jobs.
- The introduction of the GST on July 1, 2017, streamlined India's tax system by unifying 36 states and union territories into a common market.
- India’s UPI has become a global leader in digital payments, processing 46% of the world’s real-time transactions.
- Between April and July 2024, UPI processed nearly ₹81 lakh crore, highlighting its robust infrastructure and growing consumer trust.
- India made remarkable progress in improving its business environment, climbing from 142nd in 2014 to 63rd in the World Bank’s Doing Business Report (DBR) 2020, published in October 2019.
- This jump reflects the government’s sustained efforts to simplify regulations, reduce bureaucratic hurdles, and create a more business-friendly environment, significantly boosting investor confidence.
- MII has been significantly boosted by record FDI inflows, driven by simplified FDI rules and improved ease of doing business.
- FDI inflows increased from $45.14 billion in 2014-15 to a record $84.83 billion in 2021-22.
- Between 2014 and 2024, India attracted $667.41 billion in FDI, with total inflows reaching $70.95 billion in FY 2023-24.
- Mobile exports surged from Rs 1,556 crore in 2014 to Rs 1.2 lakh crore by 2024.
- The electronics sector grew to USD 155 billion in FY23, with mobile phones accounting for 43% of production.
- India has made strides in defence production, highlighted by the launch of INS Vikrant , the country’s first indigenous aircraft carrier.
- Defence production has reached ₹1.27 lakh crore, with exports to over 90 countries.
- 'Made in Bihar' boots are now part of the Russian Army’s equipment.
- India recorded merchandise exports worth $437.06 billion in FY 2023-24, marking its growing role in global trade.
- The initiative has generated millions of jobs across various sectors, including 8 lakh jobs through PLI schemes alone.
- Kashmir willow bats have become a global favourite.
- Amul has expanded its presence by launching its dairy products in the US.
- The textile industry has created a staggering 14.5 crore jobs across the country.
- India produces an impressive 400 million toys annually, with 10 new toys being created every second.
- Experts highlights that the scheme has largely been ineffective in either increasing the share of manufacturing in GDP or attracting major investments in the country.
- Even on the employment front, manufacturing jobs remain few and far between.
- The share of value addition by manufacturing sector is 15.9 percent in 2023-24 compared to 16.7 percent of GDP (in constant price) in 2013-14.
- Even in terms of FDI, net FDI inflows have come down from 1.5 percent of GDP in 2013-14 to 0.8 percent in 2023-24.
- Ease of doing business is still a far cry from what is claimed on paper.
- High incidence of taxation and high handedness in dealing with tax litigation cases.
- Scarcity of skilled workers in India and competition from Vietnam and Bangladesh for low-skilled manufacturing.
- As "Make in India" enters its second decade, it stands as a testament to India's determination to reshape its manufacturing landscape and enhance its global standing.
- With the support of strategic reforms, such as the PLI schemes, PM GatiShakti, and the National Logistics Policy, India has emerged as a competitive and self-reliant economy.
- The success of indigenous projects like the Vande Bharat trains, the INS Vikrant, and the growing electronics sector signals a promising future for India’s industrial and manufacturing sectors.
Q.1. What are the key achievements of the Make in India initiative over the past 10 years?
The Make in India initiative has made significant strides in electronics, mobile manufacturing, and defence production, becoming the second-largest mobile phone manufacturer globally. It has also boosted exports, generated millions of jobs, and enhanced self-reliance through indigenous projects like INS Vikrant and Vande Bharat trains.
Q.2. What challenges have impacted the success of the Make in India program?
Despite achievements, challenges remain, including the limited increase in manufacturing’s GDP share, slow growth in FDI inflows, scarcity of skilled workers, and high taxation. Additionally, competition from countries like Vietnam and Bangladesh and issues with ease of doing business have hindered its full potential.
Source: Make in India programme leaves much to be desired | PIB | Make in India
© 2024 Vajiram & Ravi. All rights reserved
Essay on Make In India
Students are often asked to write an essay on Make In India in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.
Let’s take a look…
100 Words Essay on Make In India
Introduction.
Make In India is a major national initiative designed to facilitate investment, foster innovation, and build manufacturing infrastructure in India. Launched in 2014, it aims to transform India into a global manufacturing hub.
The main objective of Make In India is to attract foreign investment and encourage domestic companies to produce goods within the country. This helps in job creation, economic growth, and technological advancement.
Make In India has positively impacted various sectors like automobile, textiles, and IT. It has also attracted foreign investors, boosting India’s economy and creating numerous job opportunities.
Also check:
- Advantages and Disadvantages of Make In India
- Paragraph on Make In India
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250 Words Essay on Make In India
Launched by Prime Minister Narendra Modi in 2014, the “Make in India” initiative aims to propel India into a global manufacturing hub. It seeks to increase the manufacturing sector’s contribution to the GDP, fostering innovation, enhancing skill development, and building best-in-class manufacturing infrastructure.
Objectives and Benefits
The primary objective of “Make in India” is to attract foreign direct investment (FDI) into the manufacturing sector. This initiative aims to create job opportunities, enhance the skill-set of the workforce, and promote sustainable growth. It also seeks to facilitate investment, foster innovation, and build a globally competitive manufacturing infrastructure.
Challenges and Solutions
Despite its potential, the “Make in India” initiative faces several challenges. These include infrastructural bottlenecks, regulatory hurdles, and a lack of skilled labor. To overcome these issues, the government is focusing on infrastructure development, regulatory reforms, and skill development programs.
Progress and Prospects
The initiative has made significant strides with increased FDI inflows and a rise in manufacturing activities. The future prospects of “Make in India” are promising, given the government’s commitment to creating a conducive environment for manufacturing and the country’s demographic dividend.
The “Make in India” initiative is a bold and necessary step towards transforming India into a global manufacturing powerhouse. However, its success hinges on the government’s ability to address the inherent challenges and create an ecosystem that fosters growth, innovation, and competitiveness in the manufacturing sector.
500 Words Essay on Make In India
Make in India is an initiative launched by the Government of India in 2014, aiming to transform the country into a global manufacturing hub. The campaign encourages multinational and domestic companies to manufacture their products in India. It is not just an economic policy but a socio-economic initiative that aims to create jobs, enhance skills, and boost the economy.
Objectives of Make in India
The primary objective of the Make in India initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It aims to increase the GDP growth and tax revenue in the country by producing goods that meet high-quality standards. Additionally, it seeks to utilize the locally available resources and create job opportunities.
Strategies for Implementation
The Government of India has devised several strategies for the successful implementation of the Make in India initiative. These include simplifying the business environment by easing policies, enabling infrastructure, and fostering innovation. The government has also identified key sectors for the initiative, such as automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, and wellness, to name a few.
Impact of Make in India
The Make in India initiative has made a significant impact on the Indian economy. It has helped in improving the business environment by making it easier for companies to do business. The initiative has also resulted in increased Foreign Direct Investment (FDI). It has led to job creation and skill enhancement in various sectors of the economy.
Challenges and Opportunities
Despite its positive impact, the Make in India initiative faces several challenges. These include inadequate infrastructure, bureaucratic red tape, labor issues, and a lack of robust supply chains. However, these challenges also present opportunities for improvement and growth. For instance, the need for infrastructure development opens up avenues for investment in this sector.
The Make in India initiative has the potential to transform India into a global manufacturing hub. While it has made significant strides, it is crucial to address the challenges it faces for it to achieve its full potential. The success of this initiative will depend on the collective efforts of the government, industry, and the people of India.
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Essay on Make in India for Students in 1100 Words
March 7, 2020 by ReadingJunction Leave a Comment
In this article, we have written an Essay on Make in India for Students in 1100 Words. This persuasive essay contains its significance, government projects and policies.
So, let’s start the Essay on Make in India …
Table of Contents
Introduction (Essay on Make in India)
Prime Minister Narendra Modi initiates the Make In India initiative on September 25, 2014, whose primary goal is to make India a global production center by encouraging both international and domestic companies to build their products in this country.
After the NDA government was seized, the program was launched as a necessary response to the permanent status of the Indian economy. Following the failure of the BRICS Nation promise, GDP growth fell to around 6%, and India was labeled as “Fragile Five.”
This program is the result of a change in the way the government thinks that it is a permanent issuing body to become a potential business partner. It was an invitation for potential investors and companies from the world, whose purpose was to make India as a credible business environment that would have the desired effect three times:
- Greater confidence in India’s industrial capabilities,
- A stable structure for producers
- An instrument to increase structure and Indian emotions is a residual phase.
The “Make in India” program aims to promote India as an essential investment target and global center of production, design, and innovation. The ‘Make in India’ initiative is not only about the manufacturing sector but also aims to promote entrepreneurship in this country.
Also, the initiative aims to create a favorable investment environment, modern and efficient infrastructure, open new sectors to foreign investment, and establish a partnership between government and industry through a positive attitude.
Favorite status
India has already identified its presence as one of the fastest-growing economies in the world. By 2020, the country is expected to belong to the three largest global growth economies and the three central production locations.
There are favorable demographic dividends for the next 2-3 decades, constant availability of high-quality workforce.
The cost of labor is relatively low compared to other countries. Responsible business institutions are operating with credibility and professionalism. Active consumer involvement is creating dynamic the domestic market.
Strong technical and engineering capabilities are supporting by the best scientific and technical institutes. Well regulated and stable financial markets open to foreign investors
Sectors for Starting Make in India Products
The following 25 sectors have been identified as part of the ‘Make in India’ initiative:
- Auto Components
- Automobiles
- Biotechnology
- Defense production
- Electric machines
- Design and production of electronic circuits
- Food processing
- Media and entertainment
- Oil and gas
- Pharmaceuticals
- Roads and highways
- Renewable energy
- Thermal power
- Tourism and hospitality
Running Projects under Make in India
Five industrial corridor projects have been identified, planned, and launched by the GOI in the Union budget for 2014-2015 to provide an impulse for industrialization and planned urbanization.
In each of these corridors, production will be a vital driver of the economy, and these projects are seeing as key in increasing the share of production in Indian Gross Domestic Product from current levels of 15% to 25% by 2022.
Along these corridors, 100 smart cities are also planned to develop in the Union’s budget for 2014-2015. These cities are being developed to integrate a new workforce that will power production along industrial corridors and to overthrow the Indian housing scenario.
A National Office for the Development of the Industrial Corridor (NICDA) is established to standardize and integrate the development of all industrial corridors.
Industrial corridors of Make in India project
- Delhi-Mumbai industrial corridor (DMIC)
- Bengaluru- Mumbai Economic Corridor (BMEC)
- Chennai-Bengaluru Industrial Corridor (CBIC)
- Industrial corridor Visakhapatnam-Chennai (VCIC)
- Industrial corridor Amritsar-Calcutta (AKIC).
Convenient Policy
New initiatives.
The Make in India program includes major new initiatives to facilitate investment, support innovation, protect intellectual property, and build best-in-class production infrastructure.
Foreign direct investment
India has already identified its presence as one of the fastest-growing economies in the world. It was placed in the top three attractive places for inbound investments. Since 1991, the regulatory environment for foreign investment has been consistently relaxed to make it investor-friendly.
Intellectual Property
The GOI has taken several initiatives to create favorable conditions for the protection of intellectual property rights of innovators and creators, introducing changes at the legislative and political levels.
Also, particular emphasis was placed on improving the provision of services by modernizing infrastructure, building capacity, and using the latest technologies in the functioning of intellectual property offices in the country. This measure caused considerable changes in the IP administration in the country.
Domestic production
The need to increase the global competitiveness of the Indian manufacturing sector is essential for the country’s long-term growth. National production policy is by far the most comprehensive and significant political initiative undertaken by the government.
This policy is for the manufacturing sector, as it covers areas of regulation, infrastructure, skills development, technology, funding availability, exit mechanism, and other relevant factors related to the development of the sector.
- Convenience in doing business
- Central government initiatives:
- Unified internet portal (Shram Suvidha)
- Employee portals for the State Insurance Corporation (ESIC) and Employees Provident Fund Organization (EPFO)
- Simplified Forms
- Eliminate the minimum capital requirement and joint seal
- Integrate the processes for obtaining PAN, TAN, ESIC and EPFO registration with the company registration
- Check-in in one window for import and export
Government initiatives were taken under Make in India
- Online consent system for the Pollution Control Board (Gujarat)
- The unified process with one VAT identifier and professional tax registration (Maharashtra)
- Establishment of Invest Punjab as a comprehensive settlement system for investment projects (Punjab)
- Internet application portal for building permits for flats and industrial buildings (Delhi)
- Green industry released from control by the Pollution Control Committee (Puducherry)
- Internet portal for issuing building permits (Mumbai)
Production currently accounts for over 15% of national GDP. The goal of this campaign is to increase a 25% contribution from other developing countries in Asia. In this process, the government hopes to create jobs, attract foreign direct investment, and transform India into a preferred production center around the world.
Successful implementation of this program will help build 100 smart city projects and affordable homes in India. With the help of significant investors, this is the primary goal of creating stable development and valuable employment in the country.
Both these investors and the country will benefit both sides. The Government of India has created a dedicated support team for effective and secure communication of the internet portal (makeinindia.com) and investors. At any time, a loyal business company is dedicated to answering all questions.
India is a wealthy country in terms of natural resources. Work is readily available due to the high unemployment rate among the educated classes of the country, and a qualified workforce is readily available. With the development of Asia as an Asian outsourcing center, India will soon become the preferred production site for most investors around the world.
The Make In India campaign logo is an elegant lion inspired by Ashok Chakra, which is supposed to represent India’s success in all areas. The prime minister dedicated the campaign to the famous patriot, philosopher and political personality, Pandit Deen Dayal.
Conclusion (Essay on Make in India)
The Prime Minister called on all people associated with the campaign, in particular entrepreneurs and corporations, and as part of their duties in the form of Indian citizens and initiated the country’s Make In India initiative by investing directly in foreign investment. I hope you like this Essay on Make in India for Students.
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Home — Essay Samples — Geography & Travel — India — Make In India: The Vision, New Processes, Sectors, Infrastructure And Mindset
Make in India: The Vision, New Processes, Sectors, Infrastructure and Mindset
- Categories: India
About this sample
Words: 1109 |
Published: Apr 11, 2019
Words: 1109 | Pages: 2 | 6 min read
- Simplification of existing rules through ease of doing business has cut down various license requirements and paper work formality, resulting in simplification of regulatory work.
- India has attracted investment worth 18 billion us$ from companies viewing the country as a potential manufacturing hub.
- Various tech giants like LH aviation and Hyundai heavy industries partnered with Indian partners to develop drones and naval ships in the country.
- Contribution to economic growth in the country through increasing levels of GDP.
- Unemployment situation in the country still remains the same.
- Higher pricing of products along with more profits to MNC's for setting up plants in India.
- Index of industrial production has been falling consistently over the months.
- Domestic territory still remains untouched by areas of critical sector development such as no Indian firm is involved in Nuclear power projects and Aerospace development.
- Team India comprising of center and the states should break the political barriers and support a program of uniform development throughout the country, policy of favoritism should be ruled out.
- Focus should be on the development of sectors that are seen as drivers of growth in the economy and then pass on the dividends to other sectors.
- Increased FDI inflows
- Projected India as an optimal investment destination - UNCTAD World Investment Report (WIR) 2015 ranked India as the third top prospective host economies for 2015-2017
- Infrastructure development - Development of Industrial Zone, Indsutrial Corridors
- Increased industrial production due to increased investment
- Acquisition of critical technologies especially in defense sector
- Investment in Manufacturing sector is still low
- Creation of jobs has been slow as most investment lies in services sector which require skilled professionals
- Regulatory and labor reforms are yet to take place which has constricted the space for investment
- Domestic potential in industrial technology sectors still not realized. e.g.- BrahMos, though labeled under Make in India, is mostly based on Russian technology.
- Labor and regulatory reforms
- Incentivizing investments in currently ignored, but important sectors such as food processing, etc
- Encouraging states to develop their own polices for depicting their particular potential and attracting investment.
- Framing an robust IPR regime
- Focusing more on Transfer of technology rather than just fund transfer
- Initiating bilateral and multilateral agreements for long investment in infrastructure
- Integrating Make in India with Skill India, Startup India and other such initiatives to facilitate job creation
- Financial sector reforms: GST bill has been passed and has been effective since 1st July 2017 which has reduced much of a concern among the international future investing firms and the existing ones. Changes done in the approval of FDI investments from FIPB towards automatic route in majority of the sectors like retail, pharm, insurance, aviation etc. leaving only a few strategic departments has created a positive scenario among international communities.
- Technological sector reforms: The government has eased the norms for startup breaking the logjams in registration processes, relaxations in the local content outsourcing for the highly specialized firms like Apple etc.
- Aviation sector de-regulations: FDI limits in the aviation sector have been increased which has helped in performance and profitability in our domestic airlines. Recent being the selling of stake in our dying state owned airline to international investor arena.
- Deceleration in world growth: The economy of the major developed economies like USA, Japan, Russia and China has been experiencing low inflation and GDP growth due to which investors have been reluctant to spend rather extravagantly.
- Wait and watch policies of nations: Major economies like USA has imbibed policies of import restrictions and stricter VISA reforms and IPR policies in order to develop its ailing domestic sectors to help create local employment.
- Policy actions opposite to Make in India reforms: There have been various actions of the government which inculcates hindrance in the thoughts of Make in India reforms. E.g., major procurements in the defense sector from USA and France, Nuclear agreements for development of reactors with Russia and USA etc. Such actions have lessened the opportunities in growth of indigenous firms.
- Political instability and state factors: Apart from delaying of reforms in the parliament, there has been a growth in communal tensions in the regions and boundary disputes along our borders. These factors create a negative sentiment among the potential investor nations and their respective governments.
- Collaborations among domestic venture firms and experienced investing MNC’s in order to reap both the benefits of employment generation and technology sharing.
- Effective placement and implementation of the taxation and investor reforms like GST, Real estate amendments, Banking regulation reforms, etc.
- Developments in domestic arbitration laws and faster resolution mechanisms can help in settlement of disputes and hence retaining country’s image as an investment destination
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The Hofstede dimensions which differ the most between the United States and India are power distance, individualism, long-term orientation, and indulgence. Power distance is the extent to which the less powerful members of [...]
Sikhism began to arise in a period of tension between Muslims and Hindus in India in the sixth century A.D. The Moguls had conquered India and brought Islam with them, and some people sought to establish harmony between the two [...]
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Essay on Make in India: The Narendra Modi government launched a prestigious campaign on 25th of September, 2014 called “Make in India”. The campaign was a huge call out to all prospective investors to effectively start their investment ventures in any field, any sector on the Indian soil.
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Narendra Modi launched the ‘Make in India’ campaign on 25th September 2014. ‘Make in India’ campaign aims at attracting foreign companies to set up factories in India and invest in the country’s infrastructure. The main objective was to create employment opportunities for the huge population.
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Make in India is an initiative launched by the Government of India in 2014, aiming to transform the country into a global manufacturing hub. The campaign encourages multinational and domestic companies to manufacture their products in India.
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