Asian Journal of Multidimensional Research (AJMR)

  • Year: 2019
  • Volume: 8
  • Issue: 6

Make in India-A step towards inclusive growth

Assistant Professor, Department of Commerce, Shaheed Bhagat Singh Evening College, University Of Delhi, India Email id: cs.ritikachaudhary@gmail.com

Online published on 8 July, 2019.

Abstract

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industries launched the ‘Make in India’ programme with an aim to transform India. The aim is to create a worldwide architecture and promote foreign investment by turning India into a production hub. The concept behind “Make in India” is to work on growth of skills, and to promote innovation, to safeguard so as to invite Foreign Direct Investment. Creating and simplifying laws has been scheduled to make it easy to carry on business in India. This article based on ‘Make in India’ will evaluate the government's strategy on its clarity and create an atmosphere to welcome multinational corporations to visit the country and set up production facilities in India‟. This article will also examine the different schemes that the government offers in different industries. The article will evaluate methods to make the programme a success, and the government initiatives to allow policies to be implemented smoothly. The research includes conceptual framework, public policies, multiple equipment provided by the Indian government to promote global investment in multiples industries, problems and difficulties in its execution, and suggestions for smooth execution of the ‘Make in India’ programme. It is an effort to make an objective assessment of the projects and opportunities campaign.

Keywords

Make in India, Challenges, Opportunities and Appraisal, Policy initiative