ECT ALY TOPIC : Make In India ye 2 Sat te | “to ate 9 im OVERALL OUTLAY OF THE PROJECT ‘He top 1. Beonomi Project File (1* Sheet) ef it 2. Name of the Project (2* Sheet) awe * 3. Acknowledgement (3% Sheet) 7 4. Certificate (4 Sheet) 5 5, Index : (5* Sheet) 5, To (i) Objectives of Choosing this project (xii) Sector Specific Achievements of Make in ing "10 (ii) Introduction (xiii) Failures of Make in India te (iii) 4 pillars under Make in India (xiv) Challenges faced in this program 4Pit (iv) Logo of Make in India (xv) Conclusion re (v) Sector under Make in India (xvi) Bibliography entre (vi) Works in Say New (vii) Reasons for Choosing Manufacturing Sector prom The (viii) Key Schemes Launched to support Make in India Programm (ix) Impact of Make in India (xi) Achievements of Make in India OBJECTIVE OF THE PROJECT T have chosen this project on the Topic—"Make in India’ because of the following reasons: > 1% to know to know about the campaign Make In India in full capacity » To find out perceptions about Make in India. > To search the impact of Make in India on various business with, GDP of India and Indian economy > Because I want to tell the people around me, come, Make in India, Come and manufacture in és as we have skill, tafent, discipline and the desire to do something in whatever capacity Tan ai will able to spread this message only if I myself know about it. INTRODUCTION Since years, policy makers have been debating how to given an impetus to manufacturing in India and ® remodel India as a global manufacturing hub. thers Pratl 76 Goyal Bro!PM Shri Narendra 08 rt Modi, tau gen Inia” CAMPRIEN 10 facie UMCHCA the MK ingovations, enhances suit invest ses, jntellectual property ang t peal property in ejecta! P velopment clay i best product ntl ture vast ‘approach of this Campaign y, me Mi conducive environment po’ St ste ° ctl °F peopl argo invest in India. Develop gy Geo? wat, date infrastructure and show wa i Y 10 foreipa wal on nd enhance ski icp into Global manufacturing huts roe n was t0 create job ake in India” had three main objectivey rease the manufacturing se, 1, Toi 3, To create 100 million additional 3, To ensure that the manufactur ™ to 2025), SHO"'S Browth rate to 12-14% per annum: ynomy by 2022; is increased to 25% by fal manufacturing jobs in te os 1 sector's Contribution to GDP ot oe eee 4PILLARS UNDER MAKE IN INDIA The “Make in India” initiative is based t on four pillars, envepreneurship in India, not only in manu which have been identified to give boost to facturing but also other sectors, the single most important factor to Factory growth in November 2014 fastest in nearly two years ie |. BC Manufacturing Purchasing Managers’ Index (PMI), compiled by Markit The HSI frastructure: Availability of modern and facilitating infrastructure is a ver tant requirement New Infrast ilitating infrastructure is a very important ilabilit mn and facilitating it aoa = or the growth of pa m3 ee intends to develop industrial corridors and smart cities to provide industry. Government i | 7 et Work in Economics (Class-X1)| Electrical Machinery J space $f restles and Garments and High \ oe Food Process” + Plectronic Systems . T jedia & Entertainment oe -M * Tourism and hy + Therroal Power Wellness Pelty a a HOSPITALITY "zero Defect Zero Effect" Slogan was coined by the hi cone mourable i Narandra Modi while ctor Mako in Indin Y the honourable PM of India Shri Narandra 7 "MAKE IN INDIA — This is a step of a lion; nobody can question the talent of our people after Mangalyan” | Sea of our millions of youngsters resolves to manufacture at least one such item, India can become @ most exporter around the globe. PM Narendra Modi, urge upon the youth, particular of our small. entrepreneurs that they would never compromise at least two counts: « First, Zero Defect Second, Zero Effect. ~ a orn 1 Project Work in Economics (Class-XU)REASO INS F HO dire n 1ector. This led yp Tis owes over & Pay-off in th , ' " slot rom, where the : Toa Mega Product in 2018-18, i docs ot provi rm pportun ment. India i pipet eer ‘The tert ted ecomonity Ms sts he tertiary sector has helped boost the economy but the secon ie. manufacturing ig RECN mt the coy Mcneela 1 the manaFcrng ey, a et - pRO lagging. This program was initiat Would also provide emplayment opportunities the = When the program was yet ‘manufacturing sector was: P 172% to the Gross Tt contributed approximately The tertiary sector Dealers ® Domestic Product in 2014-15. ®@ ©... joe trade deficit mt —N ERK noe make up for the dwindling # PP pamufacturing had to Be © ost 1) e gi in goods. The pf coment an. This sector would encourage both Indian ae foreign investment and simultaneously generate Industries: ea Covers, sd and employment opportunities in both organise jn India’ can help the country in getting rid of its dependence on impor tis can lead to an improved position at the international level, in i, unorganised sectors. ‘e The program of ‘Make lefence and medical equipment of geopolitics and diplomacy. “« The demographic dividend is favourable for ushering in population is below the age of 25. If the people are proper rogram, then India can unlock its potential JI lead to innovation. This can also offer a chance to the unskilled x; ss of manufacturing wil form into skilled workers. n an industrial revolution, a5 half of ly employed and made to engage iy « The proces semi-skilled workers to trans! Making In India Percentage share of manufacturing in India economic: output Gross Domestic Product Gross Value Added KE) TM 2007-08 2008-09 2003-10 2010-1 2011-12 - or 2012-43 2018-14 201445 2015-16 Goyal Brothers PraiaPARAME STARTING A BUSINEgg TER SFALING WITH CO; S DOING Bug : EEE STRUCT oe z INES GETTING ELECTRICITY Penny AN AN ang REGISTERING PROPERTY 158 GETTING CREDIT PROTECTING MINORITY a TRADING ACROSS HORDERS ‘ ENFORCING CONTRACTS oie RESOLVING INSOLVENCY ta OVERALL RANK 70 60 50. 452 30 . FDI Inflow Ee into india 10 (USS Bilion) Pres rrze1s16 rae ren KEY SCHEMES LAUNCHED TO SUPPORT MAKE IN INDIA PROGRAM There are various key schemes launched by the Government of India to support the i 4 . Make lia ca g fom time to time. These include: S 3 in India campaign ¢ Skill India Mission: This mission aims to skill 10 million in India annually in various sectors. To support the effective implementation of the Make In India campaign, there is a need to upskill the large human, resource available. Currently, the percentage of formally skilled workforce in India is only 2% of the population. The Skill India programme aims to widen this percentage through various skill development. programmes across the country. ¢ Startup India: Startup India Program aims to build an ecos; driving sustainable economic growth, and creating large-scal P government has introduced several key relaxations for entrepreneurs. system that fosters the growth of startups, Je employment. Under this program, the ot ‘ict Werk in Economics (Class-XI)mucture “ure based on state-of th logist; indastg ESMNS. Exiting inhaore IY tr highspeedcommusicaon sn strial clusters, Tee 8 'astructure to be strengthened through upgradation of el \ ad ccortingy nt tOv00 and research sti Ee ithe senpori tough fn ped repo a A tnuicture of Inte! Reon Intellectual Prop WITEMeNt OF Skills for industry ae ee al PtOperty Rights registration setup has been upgrade? Oe identified and accordingly development of workforce to be tage, Sy %, Se eta UTC cot indiana hse) B = caged | a sl | Car ea re cere cman tae New Sectors: ‘Make in India’ has identified 25 sectors in manufacturing, infrastructure and service activities and detailed information is being shared through interactive web-portal and professionally developed brochures FDI has been opened up in Defence Production, Construction and Railway infrastructure in a big way. ce Government as a regulator. ‘Make in India’ intends to change New Mindset: Industry is accustomed to this by bringing a paradigm shift in how Government interacts with industry. The Government will parmer industry in economic development of the country. The approach will be that of a facilitator and not regulator, SIGNIFICANCE OF LOGO OF MAKE IN INDIA Make-in-India is a Tion step, the logo has been unveiled in 2015 when the government announced the Make in India campaign after toying with several other option. It opted the lion against the sign and the elephant to gives new feel to the government manufacturing push. The logo is the silhouette of a lion on the prowl, made entirely on cogs, symbolizing manufacturing, strength, and national pride. In India lion is a symbol of enlightenment, besides power, courage, pride, and confidence. The idea was to encourage more and more foreign companies to manufacture their products in India. The logo adoms the brand new website makeinindia.com — for the campaign and all its brochures. The website is a ready reckoner for data on 25 sectors. Sectors under Make in India Scheme © Automobile and Automobile Components Mining © Bio Technology e Aviation ‘@ Pharmaceuticals © Oil and Gas Chemicals and Petrochemicals © Ports and shipping » Construction © Railways © Defence « Renewable Energ Goyal Brothers Prakas J *. I ital India: ‘Thi by making many services commie a into a knowledge-based and digitally em _ DY ibe ny sees oe \ 5 digitally empowered ery, sec Me Afsntet Jan Dian Yo TUDY): The mission envisages financial inclusion iy Smart Cites: This mision aims to transfor and rejuvenate Indian te. The goat ee AMRUT is the Atal Mission for Rejuvenation and Urban Transformation. Wt air ens Public amenities and make 500 cities in In ind inet m1 ig © Swachh Bharat Abhiyan: This mission alms (0 0 rer and promote basic va hygiene, mon ports and promoting por-ted development inthe cy © Sagarmala: This scheme aims at developing Several ports are being constructed and renovated under this project w Tnterantional Soler Alliance (ISA): The ISA le mn allance Of couaiten mot OF Ns oe tei zone. This is India's initiative aimed at promoting research and d er formalating policies in that regard. TIac headquarters of ISA is in Gurugrn ing Growth of New India's Innovation was taunched to push the inn ting in commercializing, innovations © AGNI: AGNIT oF A ecosystem in the country by connecting people and assis development in solar technolog cA IMPACT OF ‘MAKE IN INDIA’ gress, which is enlisted below: The campaign has made considerable pro ds and Services Tax has removed the cascading L. Introduction of GST : Goo effects of tax and thereby has eased the tax system for the businesses Digital India, ‘company incorporation, s. the digitisation process has been augmented in the coun 2. Through programs such as ‘ete, has been made online which eases the overall The procedure for taxation, process and also improves efficiency. 4, The introduction of the new Insolveney and Bankruptcy Code, 2016 as an integrated law has when Jobal standards. mn Yojna have led to the creation of the legislation at par with the 2 such as Pradhan Mantri Jan Dhai 4. Schemes of financial inclusion, due to schemes such & new bank accounts. 5, Major development can be witnessed in the infrastructure and connectivity Sagarmala and Bharatmala. agile 5 Erin © arcu 42 i oe vit ofl Wortdtnttecaa pa (29 cote in the Global tnnovaton Inder, 2919 bes has moved ett! Property Organisation (WIPO), Cornell University and INSEAD anna,” % : dup 24 places since 2014 a ag | EB { Ree ORAL “SPECIFIC ACHIEVEMENTS OF MAKE IN INDIA IC™ ste several sector-specific achievements, These ar ised belo + Aerospace & Defence : Indigenous defence protucts have been unveiled, the Defence Proseslure was amended a Seg, Aviation There was a 5 times increase in FDI, the National Civil Aviation Policy was introdugeg ais boost regional air connectivity, 160 airports, 18 greenficlds airports were approved, GAGAN was imma | itt uch as well mi) Soe as 3. Biotechnology : First indigenously developed Rotavirus vaccine was launched, 30 bio incubators ay) ‘ biotech parks are supported, India’s first Public-Private Partnership agreement Was ennounesd amen) ggeatiBe Indian Council of Medical Research and Sun Pharma. i qe si 4, Automotive : There was a 1.7 times increase in the automobile industry; a major investment by g)oy es players such as Ford Motors, Mercedes-Benz, Suzuki Motors was observed Bon) aseate 5. Food Processing : Nine mega food parks were operationalized during 2014-2018, eighty-three creat projets operatonized, an appealed Nive Sand was tuned in 2017 ort 6. Gems and Jewellery : There was a 4.6 times increase in FDI in the period of 2014-2018, Jeneien | jen O° Park at Mumbai is being developed. he 7. Leather and Leather Products : A program called Indian Footwear, Leather & Accessories Developmen | tin ‘Programme was launched in 2017, approximately 4.44 lakh people have been trained, 4 at 8. Media and Entertainment : oe in FDI in Information & ‘The In Broadcasting, the Print Media nian Prine Minier Narendra Mod wns clei Sey \ ast Advertisement Policy, 2016 Just over a year ago. promising wo jump-start the ee we was Iaunched, National Film Indian economy. took st how four ofthe county's New ey indo have Fed The Heritage Mission was launched Sa Railways : The first semi high- speed train called Gatimaan Fordign Diect NITY: prtrmance FOREX eserves Porto reine De Biprss Was launched, ag | ee Se ee mere De investment of INR 15,000 crore wae @ ss04 tion ities was achieved through Public- pnts a Private Partnership. 10, Tourism : Schemes such as cS ae ‘Swadesh Darshan and PRASAD Sion i were launched GB a These are some of the key factors. There has been a development in saint nrs taco Goyal Brothers Prakashne aim of making India a many facturing hub the gow P eries the business ine a0 vite ain #8 ya simple. Some of the Fests 72 hours to make te ht cested é 8 faced ar Make things single Ring ee Highlighted as fone d sys earn se ange for Ge ER astic and dedicate them. ‘The sar a oa REET it gesicatol ga Healthy Bu healthy business environment creatine * spserved that Indian manag ethaps another cha et ae ir challenge for the je boen very stubborn wee comes to inovaton an develo mes to innovation and. de nating Competitiveness of Indian manu ee i rae ee Fee ech (eating sean ca 4 challenge ahead It is found th qokeop pace with technological development Frelndian managers will have to keep pace with technol snological developments 7 De cag lg ps ne Sake oat mh New compé : The "Make in India" cat sanagers. India now ne abroad and to stay etition from several countries of the world :mpaign will create new competition from several countries of the worl eds to be ready to tackle this competition (3 for the Indian gers will have lents her challenge. The manag ‘a Indian managers and workers is ano ms for the staff members. Development of skills and Tal Development of skill and talent i io tart skill development prograt earch and development anced in this field as ‘compared to Indian compantes Ve will be challenging Development in the field of res Jopment speedier The foreign companies are more adv foe the Indian companies to make research and devel ensive technology 1 surplus economy, only the devel 4. If this is not taken care lopment of technology i ROL enough, but the labor Of it will increase unemployment India. Creating labour Sinee, India is a labour itensive technology is require’ 85 Pht Workin Economics (Class-XI)ancial consideratig The ng, o Re aan FAILURES OF THE PROGRAM. 1. Due to the poor implementation of the Goods & Services Tax (GST) and demonetization, 1h, Gross Domestic Product has fallen terribly. 2. Increase in the unemployment rate, 3. The ambitious growth rate of 12-14% annually is beyond the capacity of the industrial sector The initiative brought under its ambit too many sectors at once. This has led to a loss of pc s. The uncertainties of the global economy have led to las in the program. Although there is a considerable jump in the ‘ease of doing business’, the proportions investments are yet to arrive. 6. The policy is highly dependent on foreign capital for investments and the global markets for prota SOME OTHER CHALLENGES 1. India is primarily an agro-based country and thereby has 60% cultivable land. The augmentation oft secondary sector can hinder upon these arable lands and affect agriculture in a negative manne: 2. Even if a “green strategy’ is adopted, the rapid increase in industrialisation can lead to depletion of mu resources. 3. Increase in large-scale foreign direct investment can lead to disruptions in the domestic marke, the farmers and small-scale entrepreneurs may not be able to compete with the international ps Therefore, the government should focus on novelty and innovation in these sectors. 4. Industrialisation can lead to adverse effects on the environment and can lead to disastrous effects 5. There exist serious lacunae in the infrastructural facilities in the country. Although several programs been initiated, the implementation of these programs has not been up to the mark. 6. The Government should also ensure that there are sufficient platforms for improving ts 1 Brokers? earch development in the country, Goya 86