Employment Opportunities With Make In India Campaign.

What Is The Correlation Between Make In India Program And Employment?

1. Make in India campaign was launched under the leadership of India's Prime minister Narendra Modi on 25th September 2014.
2. Later Indian government assured an investment commitment of 16.40 lakh crore and investment analyses worth INR 1.5 lakh crore between September 2014 to February 2016.
3. In 2015 India became a prime destination for foreign direct investment.
4. India transcended China and the United States by 60.1 billion US dollars FDI.
5. According to the ongoing policy, 100% of FDI (Foreign Direct Investment) is approved in all sectors excluding Defence Industry, Space Industry, and Media industry.
6. This campaign was highly appreciated; as a result, individual states also started their local initiatives.
7. Vocal for Local expanded like a forest fire leading to an average growth rate of 6.9% p.a between 2014-15 and 2019-20.
8. Make in India initiative targeted 25 economic realms for creating jobs and enhancing skills to make India into global manufacturing and design hub.

Primary Objectives Of The Make In India Initiative

• To transform India as a transnational design and manufacturing core.
• To augment India's world ranking on the Ease of doing business index.
• To imply intellectual property rights.
• To boost India's manufacturing division.
• To raise the confidence of manufacturers and investors to invest and build in India.
• To eradicate the complexities of laws and regulations in the bureaucratic procedure of business.
• Promoting innovation and job creation in the thresholds of the nation
• To promote skill development among workers and employers.
• To make the government accountable and transparent in the working.
• To improve India's global competitiveness in the manufacturing sector.
• To promote the aisles of skill development.
• Introduce reformed policies for promoting foreign direct investment
• To make sure about the success of this campaign, many other initiatives were also aligned.
• Investor Facilitation Cell was also formed in 2014 to help investors in seeking approvals and merger services.

Main Target of Make in India Campaign

1. To lift the contribution of the manufacturing sector to 25% of the GDP( Gross Domestic Product) from its existing 16%.
2. To create 100 million more jobs in the manufacturing sector by 2022.
3. To boost the growth by 12 to 14 percent p.a in the manufacturing sector.

Pillars of Make In India Scheme

• The logo of the Make in India campaign- a lion, chiseled with gear wheels reflects the essential function of manufacturing in national development and vision.
• This government scheme is based on four pillars.

New Processes

1. The Indian government is inducting numerous reforms to carve potentials for obtaining Foreign Direct Investment and stimulate business partnerships.
2. The government has introduced several initiatives to ameliorate the business domain from outmoded laws and policies.
3. This reform is aligned with the framework of the World Bank's " Ease of doing business" index to boost India's ranking.

New Infrastructure

• Infrastructure is the key to growth for every sector.
• The government is all set to build industrial corridors and develop smart cities with advanced technology and cutting edge communication systems.
• Research and innovations are aided by a highly-speed registration system and modified infrastructure for IPR ( Intellectual property rights) enrollments.
• With the development of infrastructure, coaching a skilled workforce is also recognised.

Major industrial corridors-

1. Industrial Corridor of Amritsar-Kolkata
2. Economic Corridor of Bengaluru-Mumbai
3. Industrial Corridor of Delhi-Mumbai
4. Industrial Corridor of Vizag-Chennai
5. Industrial Corridor of Chennai-Bengaluru

New Sectors

• Make in India campaign started with 25 sectors that include Railways, Aviation, Automobiles, and more.
• These sectors get 100% Foreign Direct Investment and terminated limitations on construction.
• Recently the FDI cap was increased to 100% in the Pharmaceutical and Defense Sector.
• A user-friendly web portal shares all the information about these 25 sectors.

New Mindset

1. The Indian government was never seen being a facilitator; it always regulated private and government firms.
2. This campaign aspires to shift the way the Indian government interacts with several businesses.
3. It will concentrate on acting as a business partner in the financial development of the nation with the corporate sector.

Zero Defect Zero Effect Scheme

• The MSME sector has originated as a dynamic and vibrant sector of the Indian economy over the last few decades.
• This sector provides livelihood to over 80 million people and consists of 36 million units.
• This sector contributes 8% to the Indian GDP with over 6000 products.
• India's prime minister, Narendra Modi on 68th Independence Day, urged the MSME industry to manufacture goods with zero defects and effects on the environment.

Concept

1. To enable the progression of the Indian industry to the top position in the international marketplace.
2. This scheme also aims at leveraging India as a global supplier through the Made in India tag.

Target

To generate and implement ZED culture in India based on-

• Zero Defect- This principle focuses on customers and states no wastage and non-conformance.
• Zero Effect- This dogma concentrates on the environment and society. It states zero air/water/land pollution and no wastage of natural resources.

Advantages Of ZED Implementation

1. Valid recognition of the industry to drive Foreign direct investment
2. Augmented society and environmental benefits
3. Enhanced quality, lowered rejection rate, and higher ROI
4. Simplified operations and reduces costs

Policy Reforms For The Make In India Campaign

• 100% Foreign Direct Investment in the telecommunication industry and single-brand retail
• Permitting Foreign Direct Investment in railways, defense, and construction
• The validity of an industrial license is revised to three years
• Developing industrial and economic corridors
• Approving of environmental clearance online
• Curtailing custom duties on specified raw materials to lower manufacturing costs

Need For Make In India Campaign

1. In 2013 India witnessed a sudden downfall in the growth rate, and it was the lowest in a decade, it dragged India on the list of 'Fragile Five Countries'.
2. This term was originated by Morgan Stanley in 2013 to describe the nations that have become too dependent on FDI to sponsor their growth.
3. The five countries under "Fragile Five" were Turkey, India, Brazil, Indonesia, and South Africa.
4. India was facing significant challenges in the manufacturing sector, such as low contribution in the GDP, inefficient working patterns, and low research quality and development core.
5. All these reasons were hampering India's industrial reputation globally.
6. So, India needed some development measures to improve the manufacturing sector.

Achievement

• India evolved as a net exporter of electricity. A sum of 7203 MU was exported during 2017-18 to Nepal, Myanmar, Bangladesh.
• Two game-changing model locomotives of WAGC3 and WAG11 class were created by transforming diesel locomotive into the electric locomotive.
• The world's most massive 648-MW solar power plant in Tamil Nadu was delegated on 21st September 2016
• Three big textile firms in Bareilly, Kutch, and Lucknow were in the development mode.
• This can benefit more than 14505 crafters.
• Andhra Pradesh, Asia's largest MedTech zone, has been in the setup mode.
• Some major ports in India have augmented their capacity to 92.19 MTPS during the 2017-18 financial year.
• In the last few years, India has climbed 53 places in the 'Ease of Doing Business' ranking.

In Conclusion

1. This expedition is one of the most vibrant and influential steps ever taken by the Indian government in the field of the manufacturing sector.
2. Continuous shifts in India's ranking in ' Ease of doing business' are adding credibility to this scheme.
3. Make in India campaign has successfully achieved some primary goals that took India out of the 'Fragile Five' tag.
4. The schemes running with Make in India is further helping in contributing to India's GDP.

Also Read:

Make in India: Why Make in India campaign is surging?
How online stores have penetrated the Tier-2 & Tier-3 cities?

FAQs

Q- What is the total strength of employment provided by the Zero defect zero effect Scheme?

Ans- Introduced by the Prime Minister of India, the Zero defect zero effect sector provides livelihood to over 80 million people and consists of 36 million units.

Q- What is India’s current year ranking in the ‘Ease of doing business’ scale?

Ans- India was positioned at 63rd position at the ‘Ease of doing business’ scale in the current year.