Professional Documents
Culture Documents
IN
INDIA
MAKE IN INDIA - INTRODUCTION
• The Make in India initiative was launched by Prime Minister in 25
September 2014 as part of a wider set of nation-building initiatives.
Devised to transform India into a global design and manufacturing
hub, Make in India was a timely response to a critical situation. By
2013, the much-hyped emerging markets bubble had burst, and India’s
growth rate had fallen to its lowest level in a decade. The promise of
the BRICS Nations (Brazil, Russia, India, China and South Africa) had
faded, and India was tagged as one of the so-called ‘Fragile Five’.
Global investors debated whether the world’s largest democracy was a
risk or an opportunity. India’s 1.2 billion citizens questioned whether
India was too big to succeed or too big to fail. India was on the brink of
severe economic failure, desperately in need of a big push.
PROCESS OF MAKE IN INDIA
• “Make in India” recognizes an ongoing global campaign and
ease of doing business are the two important factors to give a
boost to entrepreneurship not only in the manufacturing sector
but also in other sectors. “Zero Defect Zero Effect” slogan
emphasizes on production cycle. It means that producing goods
with zero defect and there should be no adverse effect on the
environment. Wieden Kennedy designs the campaign with the
launch of a portal and the brochures in different sectors. Norms
and procedures regarding the manufacturing application are
now available online. And validity o licenses increases to three
years. In the event at Mumbai Metropolitan Region Development
Authority ( MMRDA), around 2500 international and 8000 from
domestic, business team from 72 countries, 17 states of India
and foreign govt. delegations from 68 countries have attended
“Make in India Week”.The aim is to de-license and de-regulate
the industry during the entire life cycle of a business.
ABOUT THE LOGO