Make in India, launched in 2014 is a major national programme of the Government of India designed to facilitate investment, help innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country.
The focus of this programme is on 25 sectors. These include: automobiles, aviation, construction, defence manufacturing, food processing, textiles and garments,chemicals, electrical machinery, IT & BPM, pharmaceuticals, mining, tourism and hospitality, railways, automobile components, renewable energy, ports, leather, wellness, biotechnology, space, thermal power, media and entertainment, roads and highways and electronics systems.
After the launch, India gave investment commitments worth ₹16.40 lakh crore (US$240 billion) and investment inquiries worth of impartation ₹1.5 lakh crore (US$22 billion) between September 2014 and February 2016.
India then emerged as the top destination worldwide in 2015 for foreign direct investment (FDI), surpassing the United States of America and China, with US$60.1 billion FDI.
India jumped to 100th place out of 190 countries in the World Bank’s 2017 Ease of Doing Business Index, from 130th in 2016.
India jumped to 77th place out of 190 countries in the world Banks’ 2018 Ease of Doing Business Index.
There are few challenges like Poor infrastructure, roads, electricity are hampering the foreign investors to invest in India.
However China is far ahead in manufacturing but it is projected that India is going to give a straight fight to China in the manufacturing sector. The labour rates in China are increasing steadily and will lead to the increased cost of the goods manufactured.
“Make in India” is a realistic project which aims to increase the contribution of manufacturing in GDP to 25% from 16% as of now.The strong technical and engineering capabilities backed by top-notch scientific and technical institutes are an added advantage to boost this campaign.