Answer the question in maximum 200 words. This question carries 11 marks. [MPPSC 2022]
Explain the ‘Make in India’ initiative of the Government of India.
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The “Make in India” initiative, launched by the Government of India in September 2014, aims to transform India into a global manufacturing hub. This program seeks to encourage both domestic and foreign companies to manufacture their products in India, thereby boosting the country’s industrial growth and creating jobs. The initiative focuses on various sectors, including automobiles, textiles, electronics, and defense, emphasizing innovation, skill development, and sustainable manufacturing practices.
To facilitate this transformation, the government has implemented several measures, such as simplifying regulatory processes, enhancing infrastructure, and providing financial incentives for businesses. The initiative also promotes ease of doing business by reducing bureaucratic hurdles, thereby attracting foreign direct investment (FDI).
“Make in India” not only aims to increase manufacturing output but also aspires to raise the contribution of the manufacturing sector to India’s GDP. By fostering a conducive environment for startups and entrepreneurs, the initiative encourages innovation and technological advancements.
Additionally, the initiative aligns with the “Digital India” program, promoting digital technologies in manufacturing processes. Overall, “Make in India” is a significant step towards self-reliance, job creation, and economic growth, positioning India as a competitive player in the global market.