Make in India is an ambitious campaign launched by the Government of India to encourage multi-national, as well as national companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September,2014 as a part of a wider set of nation-building initiatives.The purpose of launching this campaign was to make India the top destination globally for foreign direct investment.
Make in India focuses on twenty-five sectors of the economy . The major objective behind the initiative is to focus on job creation and skill enhancement in these 25 sectors .The initiative also aims at high quality standards and minimizing the impact on the environment.It hopes to attract capital and technological investment in India.
Among others, the potential to create jobs in the world's fastest growing economy is one of the highlights of this campaign.The government hopes to create a 100 million new jobs by 2022 and &7.2 lakh temporary jobs within the very next year of its launch.
Though India has the edge of a young workforce, the quality of skills is still a challenge. Of the 14 million people that enter the workforce every year barely 2 million are formally trained.As a substantial population of India is unskilled, the maximum utilization of such class could be made by providing them with necessary skills and training.Skilled workers are required in design and engineering, project planning, execution, erection, commissioning, operations and maintenance, transmission and distribution, trading and regulatory, renewable energy and manufacturing. Talent in many of these areas is still untapped. It will not just lead to their upliftment, but also the companies. They would be attracted by the initially cheap labour and tend to invest more in India.Therefore, as more and more companies roll out their Make in India plans, the job market will be positively impacted.
Make in India initiative has already led to an increase in hiring in these segments as well as e-commerce and Internet-related sectors. The plan to create 100 smart cities is also expected to fuel job growth .
Make in India has the potential to emerge as a force multiplier to provide the emerging workforce with new livelihood opportunities .But a policy framework on its own cannot be successful unless a broader ecosystem of robust logistics and supply chain system is in place. The initiative can only be effective if goods manufactured here can be shipped at a reasonable cost, making India a competitive market and production center.
Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism. Make in India is opening investment doors in multiple sectors. Many enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.
No comments:
Post a Comment