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What is Make in India
Make in India is the initiative taken by the Indian government. It basically aims at providing Ease of Doing Business for international business organisation. The initiative covers 25 business sectors and primary motive of this initiative is to promote and encourage business organisations to manufacture their products in India.Following are the sectors included under Make in India initiative:
Automobile, Automobile Components, Aviation, Biotechnology, Chemicals, Construction, Defense Manufacturing, Electrical Machinery, Electronic System, Food Processing, IT & BPM, Leather, Media, Mining, Oil & Gas, Pharma, Railways, Roads & Highways etc.
Launch of Make in India Initiative
The Make in India initiative was launched on 25th September 2014. The initiative benefited India in many ways and India received around $250 billion investment as FDI. This helped India to top up the 'Ease of Doing Business Index'.Benefits of Make in India
The huge and skilled workforce in India at a very affordable rate could highly benefit the international business organisation in improving their profits as well as quality of their products. It will also be helpful for new startups who want to start their business in India with improved ease of doing business facilities.The government will provide all the necessary support required for doing business in India and will also provide some relaxation in certain policies and rules.
The Make in India is one of the greatest initiative of Indian government which will not only benefit the international business organisation in increasing their profits and growth but it will also provide a huge amount of job opportunities and development in India. There have been a significant amount of increase in the overall FDI in India after the launch of the Make in India initiative and increase in the overall opportunities in the country.
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