Afro Asian Journal of Anthropology and Social Policy
Year : 2016, Volume : 7, Issue : 2
First page : ( 23) Last page : ( 27)
Online ISSN : 2229-4414.

The notion of ‘Make In India’: issues and challenges

Dr Thimmaiah Navitha

Assistant Professor, Dept of Economics & Cooperation, University of Mysore-Mysore – 570011

Online published on 21 June, 2017.

Abstract

Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014, with the primary goal of making India a global manufacturing hub, by encouraging both multinational as well as domestic companies to manufacture their products within the country. Led by the Department of Industrial Policy and Promotion, the initiative aims to raise the contribution of the manufacturing sector to 25% of the Gross Domestic Product (GDP) by the year 2025 from its current 16%. Make in India has introduced multiple new initiatives, promoting foreign direct investment, implementing intellectual property rights and developing the manufacturing sector. It also seeks to facilitate job creation, foster innovation, enhance skill development and protect intellectual property. It represents a comprehensive and unprecedented overhaul of out-dated processes and policies. Most importantly, it represents a complete change of the Government's mindset – a shift from issuing authority to business partner, in keeping with Prime Minister's tenet of ‘Minimum Government, Maximum Governance.

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