Important features of Make in India

It aims to attract foreign companies to set up factories in India and invest in the
countrys infrastructure.
It aims to transform the economy from the services-driven growth model to labourintensive manufacturing-driven growth. This is expected to create over 10 million
new jobs annually.
25 key sectors have been identified in which India has the potential of becoming a
world leader. These include automobiles, chemicals, IT, pharmaceuticals, textiles,
ports, aviation, leather, tourism and hospitality, wellness, railways, etc.
A dedicated new portal (www.makeinindia.com) has been especially created to
answer queries from business entities.
Top executives from 3,000 top companies and corporations world-wide were
invited to be part of the campaign.
Indian Embassies around the world also became part of the global campaign.
The Department of Industrial Policy and Promotion (DIPP) constituted an eightmember expert panel to redress grievances and handle queries of global and
domestic investors within 24 hours.
Over 15000 crores would be spent to open the training centres
An increase in the share of manufacturing in the countrys Gross Domestic Product
from 16% to 25% by 2022. While, manufacturing sector contributes is in the range of
25% to 30% in countries like China, Thailand and Malaysia

Difference between Make in India and Made in China

Diagonally, both are different in two ways. First, structurally Make in India is the first
stage for India to set up the manufacturing hub. Made in China is the second stage
for China after accomplishing the first stage of worlds biggest manufacturing
hub. After the appreciation of Chinese renminbi, China lost the paradise of low wage.

China seems to vacate the area of low cost and volume production and shift to hitech production. Chinas shift from volume production will be a boon forIndia to
establish its global workshop with low wages.

Secondly, the strategies, which both India and China will follow to woo investors, are
different. While China believes in doling out more tax incentives to allure the foreign
investors, Modi believes in gearing up a large and sustainable middle class market.
He believes that expansion of manufacturing will open new opportunities for
employment.