make in india policy of government of india

make in india policy of government of india

• 1.
  Make in IndiaPolicy Boosting Manufacturing, Innovation, and Economic Growth
• 2.
  Introduction to Makein India • • Launched on September 25, 2014, by the Government of India • • Objective: Transform India into a global manufacturing hub • • Focus: Job creation, skill enhancement, and attracting investments
• 3.
  Key Objectives ofMake in India • • Increase manufacturing sector's GDP contribution to 25% by 2025 • • Generate 100 million manufacturing jobs • • Improve India's global competitiveness • • Promote innovation and sustainable practices
• 4.
  Focus Sectors • •25 sectors identified including: • - Automobiles • - Pharmaceuticals • - Electronics • - Defense manufacturing • - Renewable energy • - Textiles and garments • - Food processing
• 5.
  Key Initiatives underMake in India • • Policy reforms to improve ease of doing business • • Simplification of labor laws • • Establishment of industrial corridors and smart cities • • Implementation of National Single Window System for investors
• 6.
  Achievements of Makein India • • FDI inflows: $84.8 billion in 2022-23 (highest ever annual FDI) • • India's ranking in Ease of Doing Business improved from 142 (2014) to 63 (2019) • • Growth in manufacturing sectors like electronics, defense, and automobiles • • Significant export growth in engineering goods and pharmaceuticals
• 7.
  Latest Updates (2024) •• Launch of the Production Linked Incentive (PLI) Scheme: • - Targeting 14 key sectors • - Budget: ₹1.97 lakh crore • • Expansion of semiconductor and electronics manufacturing • • Emphasis on renewable energy and green hydrogen projects • • Defense exports reached ₹15,000 crore in 2024
• 8.
  Challenges and Criticisms •• Infrastructure bottlenecks • • Delays in project implementation • • Skill gap in workforce • • Global economic uncertainty and supply chain disruptions
• 9.
  Future Prospects • •Focus on Industry 4.0 technologies: AI, IoT, robotics • • Enhancing global trade partnerships • • Scaling up MSMEs and Startups • • Strengthening R&D and innovation ecosystems
• 10.
  Conclusion • • Makein India is pivotal for transforming India into a global manufacturing powerhouse • • Continuous reforms and monitoring are essential • • Collaboration between government, industry, and academia is key
• 11.
  Q&A • Open floorfor questions and discussions