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Essay on make in india in english
Prime Minister Narendra Modi launched the ‘Make in India campaign at a high-profile event on September 25, 2014. Key thrust of the programme would be on cutting down in delays in manufacturing projects clearance, develop adequate infrastructure and make it easier for Companies to do business in India. The 25 key sectors identified under the programme include automobiles, auto components, bio-technology, chemicals, defence manufacturing, electronic systems, food processing, leather, mining , oil & gas, ports, railways and textile.
The national programme aims at time-bound project clearances through a single online portal which will be further supported by the eight-member team dedicated to answering investor queries within 48 hours and addressing key issues including labour laws, Skill development and infrastructure.
The objective of the mega programme is to ensure that manufacturing sector which contributes around 15% of the country’s Gross Domestic Products is increased to 25% in next few years.
Economists have noted that with the globalisation becoming a reality, Indian manufacturers Will have to Compete with the be and cheapest the rest of the World has to offer even in the domestic market.
They urged for providing tax Concessions to any industry which would set up manufacturing facility in the country. Besides a critical aspect is the country’s huge small and medium-sized industries which could play a big role in making the country take the next big leap in manufacturing.
Stressing that his government has given top priority to skill development, Prime Minister said the government is currently doing mapping for assessing skill manpower demand for specific sectors. He noted that there has to be synchronisation between the objectives of the government, academic world, industry and job seekers for ensuring that industry specific skills are imparted.
Besides the skill development, labour law flexibility is a key element for the success of this campaign for increasing manufacturing in the country. Economists say that “labour law flexibility does not imply ‘hire and fire’ policy, it’s about providing a sound social safety net to workers.”
Notwithstanding the challenges faced in making India a manufacturing hub, the country is poised to reap rich dividend for being one of the youngest nations in the world. According to reports, by 2020 India is set to become the world’s youngest country with 64% of its population in the working age group.
Although” a Sound beginning has been made for the Make in India campaign now the ball is in the government’s court to ensure its success:
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