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PM Launches Make in India Campaign
Sep 26, 2014

With the objective of making the country a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi launched Make in India campaign on 25 September in New Delhi. Special arrangements had been made to publicise the event globally in different world capitals. At the same time, programmes were held in state capitals and also Indian missions abroad.

The "Make in India" initiative will act as a first reference point for guiding foreign investors on all aspects of regulatory and policy issues and assist them in obtaining regulatory clearances.The ambitious scheme that puts in place the logistics and systems to address in a timely manner queries of potential investors was unveiled along with a logo, a portal and brochures on 25 identified growth sectors. 

Main Features:

  • 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.

  • The processes of applying for licences has been made online, it is 24/7. The validity of such licences has also been extended to three years.

  • The government will keep a close eye into all regulatory processes with a view to make them simple and reducing the burden of compliance on investors.

  • A dedicated cell has been created to answer queries from business entities through a newly created web portal (www.makeinindia.com). The back-end support team of the cell would be answering specific queries within 72 hours.

  • 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.

  • 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.

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

  • Manufacturing contributes only 15 per cent to India's gross domestic product; Government wants to raise it to per cent. A boost to manufacturing will create jobs, increase purchasing power and create a larger market for manufacturers.


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