Make in India is an initiative launched by the Government of India in September 2014 to encourage companies, both domestic and foreign, to manufacture products in India. The primary objective of the program is to transform India into a global manufacturing hub by increasing the share of the manufacturing sector in the country’s GDP and creating millions of job opportunities. BENIFITS OF MAKE IN INDIA Boost Manufacturing: Increase the contribution of the manufacturing sector to India's GDP. Attract Investment: Encourage both foreign direct investment (FDI) and domestic investment in manufacturing sectors. Create Jobs: Generate employment opportunities across various industries. Enhance Skills: Improve the skill sets of India's workforce, especially in manufacturing-related fields. Improve Infrastructure: Strengthen infrastructure to support industrial growth, including roads, ports, and energy facilities. Ease of Doing Business: Simplify regulatory processes, promote transparency, and improve the ease of doing business in India. KEY SECTORS OF MAKE IN INDIA PROGRAM
1.DEFENCE MANUFACTURING
2.RENEWABLE ENERGY
3.ELECTRONIC AND IT HARDWARE
4.AUTOMATED AND ELECTRIC VEHICLES
5.TEXTILE AND APPAREL
DEFENCE MANUFACTURING Defense manufacturing under Make in India aims to boost indigenous production and reduce reliance on imports. The initiative encourages local manufacturing of aircraft, tanks, and advanced weapons, with a focus on technology transfer through increased FDI (up to 74% via the automatic route). Policies like the Defense Procurement Procedure (DPP) prioritize domestic defense goods, and the Strategic Partnership Model allows collaboration between Indian companies and foreign OEMs. Defense industrial corridors in Tamil Nadu and Uttar Pradesh support local manufacturing. Projects like the LCA Tejas and INS Vikrant highlight successful outcomes. The goal is to strengthen self- reliance and promote defense exports. Renewable Energy and Green Technologies Under Make in India, renewable energy and green technologies are key focus areas to promote sustainable development. The initiative encourages domestic manufacturing of solar panels, wind turbines, and energy storage systems. India aims to expand its clean energy capacity while reducing dependence on imports. Policies support investment in green tech, including tax incentives and subsidies for renewable projects. Solar and wind energy projects are rapidly growing, with initiatives like the International Solar Alliance boosting India's role in global clean energy. The goal is to achieve energy security and reduce carbon emissions. Manufacturing of Electronics and IT Hardware Under Make in India, the manufacturing of electronics and IT hardware is a key sector aimed at reducing imports and boosting self-reliance. The initiative promotes domestic production of smartphones, semiconductors, laptops, and computer hardware. Incentives such as the Production Linked Incentive (PLI) scheme attract investments from global tech companies. India is working to become a major hub for electronics manufacturing with significant growth in exports. The government also encourages R&D and innovation in this sector. The goal is to strengthen India's position in the global electronics supply chain. Automotive and Electric Vehicles (EVs) Under Make in India, the automotive and electric vehicle (EV) sector is a priority to enhance domestic manufacturing and promote eco-friendly transportation. The initiative encourages the production of electric cars, two-wheelers, and EV components, such as batteries and charging infrastructure. Policies like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme provide incentives for manufacturers and buyers. India aims to become a global hub for EV production while reducing emissions and oil dependency. The initiative fosters innovation, technology transfer, and foreign investment in the automotive sector to boost exports and create jobs. Textile and Apparel Industry Under Make in India, the textile and apparel sector is a key focus to boost domestic manufacturing and exports. The initiative promotes modernization of textile mills, adoption of sustainable practices, and investment in new technologies. Government schemes, like the Production Linked Incentive (PLI) for textiles, encourage local production of high-value fabrics and garments. India aims to become a global leader in textile exports, tapping into its vast labor pool and raw material availability. The sector is also focusing on technical textiles and sustainable fashion. The goal is to create jobs and enhance India’s competitiveness in global markets CONCLUSION Make in India is a transformative initiative aimed at turning India into a global manufacturing hub by promoting domestic production, reducing imports, and fostering innovation. It has opened up key sectors like electronics, defense, and renewable energy to investment and technological advancement. By creating jobs, enhancing infrastructure, and improving the ease of doing business, the program strengthens India's economic growth. It also aims to boost exports and improve global competitiveness. Overall, Make in India is driving self-reliance and sustainable industrial development in the country.