With the objective of making the country a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi launched the NDA Government's "Make in India" campaign rolling out a red carpet to attract industrialists to make India a global manufacturing hub, to help create jobs and boost economic growth.

By on 13-11-2018

MAKE IN INDIA

“A NATION WITHOUT THE MEANS OF REFORM IS WITHOUT THE MEANS OF SURVIVAL ”

 With the objective of making the country a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi launched the NDA Government's "Make in India" campaign rolling out a red carpet to attract industrialists to make India a global manufacturing hub, to help create jobs and boost economic growth.

KEY HIGHLIGHTS OF MODI’S SPEECH ON MAKE IN INDIA CAMPAIGN:

•  My definition of FDI for the people of India is First Develop India.
• This is the step of a Lion... Make in India.
• We don't have to tell the world our address. There will be a Vasco da Gama in every nook and corner who will come looking for India.
• The world is looking at Asia. I do not have to waste time to invite people. I need to give them the address.
• We have Look East and at the same time we have Link West.
• Mangalyaan was made in small factories in India... proves there is no dearth of talent.
• We want highways. We also want i-ways (information ways) for a Digital India.
• 'Make in India' is not a slogan, not an invitation. It is a responsibility for all of us.
• This nation is yours. There is no need to leave the nation. We want our companies to shine as MNCs.
• Don't want any industry from India to be forced to leave. We want to change this situation.

 THE HIGHLIGHTS AND PURPOSE OF COME, MAKE IN INDIA ARE:

• The campaign, 'Make in India' is aimed at making India a manufacturing hub and economic transformation in India while eliminating the unnecessary laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable.
• The government emphasized upon the framework which include the time-bound project clearances through a single online portal which will be further aided by the eight-members team dedicated to answering investor queries within 48 hours and addressing key issues including labor laws, skill development and infrastructure.
• This campaign basically gives hope to the unemployed to find a decent job if not big jobs as manufacturing leads to creation of lot of service sector activity. But India will have to make sure to focus on quality education rather than just skill development.

 MAJOR DEVELOPMENTS:

• The Government of India is developing the Delhi-Mumbai Industrial Corridor (DMIC) as a global manufacturing and investment destination utilizing the 1,483 km-long, high-capacity western Dedicated Railway Freight Corridor (DFC) as the backbone. The objective is to increase the share of manufacturing in the GDP of the country and to create smart sustainable cities where manufacturing will be the key economic driver.
• The plan is to develop new manufacturing cities, logistic hubs and residential townships along the DFC incorporating the philosophy of sustainability, connectivity and development; each manufacturing city will have world-class infrastructure, convenient public transport, power management and an efficient water and waste management system.
• Twenty four manufacturing cities are envisaged in the perspective plan of the DMIC project. In the first phase, seven cities are being developed, one each in the states of Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh and Gujarat and two in Maharashtra. The manufacturing cities will provide international and domestic investors with a diverse set of vast investment opportunities. The initial phase of the new cities is expected to be completed by 2019.
• Sectors of focus include general manufacturing; IT/ITES; electronics including high-tech industries; automobiles and auto ancillary; agro and food processing; heavy engineering; metals and metallurgical products; pharmaceuticals and biotech; and services sector.
• DMIC states (Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat & Maharashtra) contribute 43% to the country’s GDP; more than half of India’s industrial production & exports; account for over 40% of workers & number of factories across India.
• The project has been conceptualized in partnership and collaboration with the Government of Japan and is being implemented by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC), an autonomous body with shareholding of Government of India through Department of Industrial Policy & Promotion (DIPP) (49%), Japan Bank for International Cooperation (JBIC) (26%) and Public Financial Institutions (HUDCO -19.9%, IIFCL -4.1% and LIC – 1%).

• The project is featured in KPMG’s “100 Most Innovative Global Projects” and is one of the world’s most innovative and inspiring infrastructure projects.
• Government of India is building a pentagon of corridors across the country to boost manufacturing and to project India as a Global Manufacturing destination of the world.
• Other four corridors which have been conceptualized are Bengaluru-Mumbai Economic Corridor (BMEC); Amritsar – Kolkata Industrial Development Corridor (AKIC); Chennai-Bengaluru Industrial Corridor (CBIC), East Coast Economic Corridor (ECEC) with Chennai Vizag Industrial Corridor as the first phase of the project (CVIC).
• A total of 25 priority projects across various sectors have been identified for debottlenecking infrastructure bottlenecks in the CBIC region in the preliminary study conducted by the Japan International Cooperation Agency (JICA).
• The following three nodes will be taken up for Master Planning by JICA in the CBIC region: Tumkur in Karnataka, Ponneri in Tamil Nadu and Krishnapatnam in Andhra Pradesh and the Master Planning will be completed by March, 2015.