Make in India Initiative: Make in India is a government scheme started in 2014 by Prime Minister Narendra Modi to encourage companies to manufacture in India. The scheme aims to bring more foreign companies to invest in India, help people learn new skills, encourage new ideas, and protect creators’ work. The government wants to improve the slow manufacturing sector and help the economy grow faster.
This article explains the objective, key initiative, benefits, Scheme & other useful details about the Make in India Initiative.
Overview of Make in India Initiative
| Name of Scheme | PM Narendra Modi |
| Name of Ministry | Ministry of Commerce and Industry |
| Date of Commencement | 25th September 2014 |
| Organised by | PM narendra Modi |
| Official Website | https://www.pmindia.gov.in |
Objective of the Make in India Initiative
The Make in India Initiative has set several goals, such as :
- Boost manufacturing sector growth to about 12-14% annually.
- Promote growth that protects the environment.
- Generate an additional 100 million manufacturing jobs by the year 2022.
- Improving the ability of Indian manufacturing to compete globally.
- Encourage more local production and boost technical development in manufacturing.
Make in India – Emphasis on 27 Major Sectors
The key sectors included in this campaign are listed below:
- Food Processing
- Railway
- Capital good
- Footwear and leather
- Textiles and Apparel
- Construction
- Pharmaceuticals and medical equipment
- Transport and logistics services
- Aerospace and defence sector.
- Biotechnology
- Jewellery and gems
- Tourism and hospitality.
- Teaching and training services.
- Audio and visual media services.
- Medical Tourism
- Chemical and petro-based industries
- Electronics design and manufacturing.
- Renewable and alternative energy services.
- IT & ITes
- Legal help & support.
- Education sector
- Environment sector.
Benefits – Make in India Initiative
The Make in India campaign gives many benefits to businesses and the country. Some of the main advantages are listed below for your reference:
- Encouraging people to use products made in India.
- The initiative helps generate a large number of new jobs and opens up various employment opportunities for people across different sectors in India.
- It helps the country reduce its dependence on imported products while creating more opportunities to sell Indian products in global markets.
- It helps make the manufacturing sector stronger, which also supports the overall growth of the country’s economy.
Main Schemes – Make in India Initiative
To promote the Make in India campaign, the govt. of India has introduced several important schemes. A few of these schemes are listed below:
- Startup India.
- Skill India Mission
- Sagarmala
- Pradhan Mantri Jan Dhan Yojana
- Swachh Bharat Abhiyan
- AGNII
- Digital India
- International Solar Alliance
- AMRUT
- Smart cities
Conclusion
The goal of Make in India is to make India a world leader in manufacturing and innovation by attracting investors, strengthening domestic production, generating employment, and supporting technology-driven development.