Make in India
The Make in India initiative was launched to transform India into a global design and manufacturing hub. It was launched in September 2014 to give a clarion call to action to India’s citizens and business leaders, investors around the world to invest and manufacture in India. It is a comprehensive vision which clearly aims to overhaul the outdated policy structure and replace it with new mechanism to galvanize whole manufacturing sector by pumping new spirit into it. Prime Minister Narendra Modi’s mantra of ‘Minimum Government, Maximum Governance’ works as driving philosophy of this project which seriously attempts to shift the focus from the issuing authority to make business partners.
The Department of Industrial Policy & Promotion (DIPP) is working in close coordination with all stakeholders to showcase India as vibrant and bright destination to the outside world on the one hand and to remove bottlenecks that put a spanner in the way of smooth conduct of business for domestic businessmen and manufacturers on the other hand. In order to create a business friendly environment to make processes sleek and smooth. A technologically diverse mechanism of highly specialized agencies has been created to raise new brand India so as to draw attention of potential partners abroad and the domestic business community; lay bare a framework for an array technical information regarding important industrial sectors and cater to the needs of vastly diverse local and global audience via social media. The single minded goal is to instill confidence and inspire them to get attracted towards India for better opportunities. It is because of the efforts put in by the government through Make India that India’s image on the front of ease of doing business has been enhanced and boosted. As per the latest report India has improved its position from last year’s 134 to 130 in the World Bank Doing Business 2016 ranking.
Make in India
It can be stated with a measure of full confidence that India has set herself on the path of growth trajectory by fast tracking the policy framework and streamlining new business concepts and technologies. The present government is, brick by brick, dismantling an obsolete business structure, not commensurate, with needs of the modern times. A whiff of fresh air pushing for innovativeness has been pumped into the system. Serious attempts are being made to create user friendly work culture which can attract investors and build world class manufacturing infrastructure in the concerned departments and ministries. The user-friendly approach can play as effective catalyst in driving investment, fostering innovation, developing skills and protecting Internet Protocol (IP). The most striking feature which is testament to government sincerity in removing all obstructive framework in the path of realizing the goal of Make India is its bold initiatives which ,among others includes allowing Foreign Direct Investment in important and strategic sectors such as Railways, Defence, Insurance and Medical Devices.
The industrial corridors namely Delhi-Mumbai Industrial Corridor (DMIC), Chennai-Bengaluru Industrial Corridor (CBIC), Bengaluru-Mumbai Economic Corridor (BMEC), Vizag-Chennai Industrial Corridor (VCIC) and Amritsar Kolkata Industrial Corridor (AKIC) are being developed across the country. Industrial Cities have also been planned along these corridors. Such facilities as Large land parcels, planned communities, IT enabled infrastructure, sustainable living, excellent connectivity-road, rail are being made available in 21 selected nodal cities in the country.
Delhi-Mumbai Industrial Corridor is mega infrastructure project intersecting 7 states viz., Delhi, Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra. The mammoth corridor being built with financial and technical aids from Japan, covers an overall length of 1,483 km and has Dedicated Freight Corridor (DFC) of 1504 km as its backbone.