‘Make in India’ Global Initiative


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.

Prime Minister Narendra Modi launched “Make in India” initiative on 25th September 2014 in New Delhi. The launch was at both national level, state level and in Missions abroad. The ‘Make in India’ initiative has its origin in the Prime Minister’s Independence Day speech where he gave a clarion call to ‘Make in India’ and ‘Zero Defect; Zero Effect’ policy. 

The Government is committed to chart out a new path wherein business entities are welcomed in a spirit of active cooperation. ‘Invest India’ will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances. The Government is closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors.

The ‘Make in India’ initiative also aims at identifying select domestic companies having leadership in innovation and new technology for turning them into global champions. The focus will be on promoting green and advanced manufacturing and helping these companies to become an important part of the global value chain.

 Portal

A dedicated cell has been created to answer queries from business entities through a newly created web portal (www.makeinindia.com). While an exhaustive set of FAQs on this portal will help the investor find instant answers to their general queries, the back-end support team of the cell would be answering specific queries within 72 hours. A pro-active approach will be deployed to track visitors for their geographical location, interest and real time user behaviour. Subsequent visits will be customised for the visitor based on the information collected. Visitors registered on the website or raising queries will be followed up with relevant information and newsletter. Investor facilitation cell will provide assistance to the foreign investors from the time of their arrival in the country to the time of their departure. The initiative will also target top companies across sectors in identified countries.

 Key Sectors

The Government has identified 25 key sectors in which our country has the potential of becoming a world leader. The Prime Minister will be releasing separate brochures for these sectors along with a general brochure. The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.

Highlights

(i) The campaign targets top companies across sectors in identified countries. It will also identify select domestic companies having leadership in innovation and new technology for turning them into global champions.

(ii) Business entities will be extended a red carpet welcome. The "Invest India" unit in the Commerce Ministry will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances.

(iii) The government is also closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors.

(iv) A dedicated cell has been created to answer queries from business entities through a newly created web portal.

 (iv) The back-end support team of the cell would be answering specific queries within 72 hours.

(v) The government has identified 25 key sectors in which India has the potential of becoming a world leader. PM Modi will be releasing separate brochures for these sectors along with a general brochure.

(vi) The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.

(vii) The campaign is aimed to transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth. This will help in creating jobs for over 10 million people, who join the workforce every year.

(viii) It aims to attract foreign companies to set up factories in India and invest in the country's infrastructure. The new government has liberalised defense manufacturing and insurance sectors to attract FDI, but analysts say the government needs to do much more to attract foreign capital.
 
 
 


Monday, 22nd Dec 2014, 08:16:27 PM

Add Your Comment:
Post Comment