 "Modi's 'Make in India' campaign aims to boost manufacturing sector")
With an aim to make manufacturing a key engine for India’s economic growth, Prime Minister Narendra Modi launched the Make in India initiative on September 25, 2014 in New Delhi. The Prime Minister also unveiled the Make in India logo, and launched the website makeinindia.com.
Addressing a gathering consisting of top global CEOs at the event, Modi said, “FDI should be understood as ‘First Develop India’ along with ‘Foreign Direct Investment’. Investors should not look at India merely as a market, but instead see it as an opportunity.”
Prime Minister said it is important for the purchasing power of the common man to increase, as this would further boost demand, and hence spur development, in addition to benefiting investors. “The faster people are pulled out of poverty and brought into the middle class, the more opportunity will there be for global business. Therefore, investors from abroad need to create jobs. Cost effective manufacturing and a handsome buyer - one who has purchasing power - are both required. More employment means more purchasing power,” he added.
As part of the ‘Make In India’ initiative, the government released separate brochure for 25 sectors and has created a website allowing investors to seek clarifications on policy matters within 72 hours.
Prime Minister emphasised on 3D advantage of India – demography, democracy and demand – in his speech. He added, “India is the only country in the world which offers the unique combination of democracy, demography, and demand. The new Government is taking initiatives for skill development to ensure that skilled manpower was available for manufacturing.” He also referred to the Digital India mission, saying this would ensure that Government processes remained in tune with corporate processes.
PM said that trust is essential for investors to feel secure. “Let us begin with trust; if there is an issue, Government can intervene. Trust too can be a transformative force,” he added.
Narendra Modi said development and growth-oriented employment is the government's responsibility. The Prime Minister noted that India ranks low on the ‘ease of doing business’ and added that he has sensitised Government officials in this regard. He also emphasised the need for ‘effective’ governance.
Adding ‘Link West’ to the expression ‘Look East’, Modi said a global vision was essential. He said Mission Swachh Bharat and ‘waste to wealth’ could lead to good revenue models for business as well. He referred to his vision of waste water management and solid waste management in 500 towns across India through public private partnership.
Addressing a gathering consisting of top global CEOs at the event, Modi said, “FDI should be understood as ‘First Develop India’ along with ‘Foreign Direct Investment’. Investors should not look at India merely as a market, but instead see it as an opportunity.”
Prime Minister said it is important for the purchasing power of the common man to increase, as this would further boost demand, and hence spur development, in addition to benefiting investors. “The faster people are pulled out of poverty and brought into the middle class, the more opportunity will there be for global business. Therefore, investors from abroad need to create jobs. Cost effective manufacturing and a handsome buyer - one who has purchasing power - are both required. More employment means more purchasing power,” he added.
As part of the ‘Make In India’ initiative, the government released separate brochure for 25 sectors and has created a website allowing investors to seek clarifications on policy matters within 72 hours.
Prime Minister emphasised on 3D advantage of India – demography, democracy and demand – in his speech. He added, “India is the only country in the world which offers the unique combination of democracy, demography, and demand. The new Government is taking initiatives for skill development to ensure that skilled manpower was available for manufacturing.” He also referred to the Digital India mission, saying this would ensure that Government processes remained in tune with corporate processes.
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PM said that trust is essential for investors to feel secure. “Let us begin with trust; if there is an issue, Government can intervene. Trust too can be a transformative force,” he added.
Narendra Modi said development and growth-oriented employment is the government's responsibility. The Prime Minister noted that India ranks low on the ‘ease of doing business’ and added that he has sensitised Government officials in this regard. He also emphasised the need for ‘effective’ governance.
Adding ‘Link West’ to the expression ‘Look East’, Modi said a global vision was essential. He said Mission Swachh Bharat and ‘waste to wealth’ could lead to good revenue models for business as well. He referred to his vision of waste water management and solid waste management in 500 towns across India through public private partnership.