Make in India Project is an initiative by Government of India to promote the manufacturing of goods in the country. It was initiated by Indian Prime Minister Shri Narendra Modi on 24th September 2014. This would encourage foreign investors to invest in our country and help India to grow economically. Make in India will have positive impact on the GDP of India and create more jobs there by utilizing the human resources which India has.
Make in India project focuses on the following factors to increase the economy of India. They are :
- Automobile Components
- Defense Manufacturing
- Electrical Machinery
- Electronic systems
- Food Processing
- Information Technology and Business Process Management
- Media and Entertainment
- Oil and Gas
- Ports and Shipping
There are 4 major policies under the ‘Make in India’ program:
1. New Initiatives:
2. Foreign Direct Investment (FDI):
3. Intellectual Property Facts:
4. National Manufacturing:
Make in India is basically invitation to the world that we can now be manufacturing center of the world. This will help us to import less and export more. Becoming a manufacturing hub will help India to produce goods in the country and export it to the rest of the world. This will increase the revenue of the country. More is the manufacturing power of the India, more will be the job opportunities in the country.
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