A Journey To Remember Make In India On It’s 4th Year Anniversary
Mumbai : In a recent development India’s most reowned project Make In India is completing its successful 4 year stint today. Make in India was launched on 25th September 2014 with the objective of job creation and skill enhancement in 25 sectors of the economy.
Make In India has also been successful in collaborative efforts whereas DIPP initiated this process by inviting participation from Union Ministers, Secretaries to the Government of India, state governments, industry leaders, and various knowledge partners. This plan was presented to the Prime Minister, Union Ministers, industry associations and industry leaders by the Secretaries to the Union Government and the Chief Secretary, Maharashtra on behalf of state governments.
“With this new project Make in India the government of India has realized to boost the Electronics and IT Hardware manufacturing (ESDM) sector to achieve the goal of zero imports” says NetRack Sales & Support Head Director Ravi Raj.
“With the launch of Make in India initiative taken in the year 2014, the government realized specially to boost the Electronics and IT Hardware manufacturing (ESDM) sector to achieve the goal of zero imports by 2020. Since its inception, there have been fundamental changes observed in the landscape and the business models of ESDM industry in India”
“In order to see a large shift to high value added product-based model in the ESDM sector, we think that fabless ecosystem requires the maximum support from both the government and the other industry bodies by focusing on design and intellectual property ownership in terms of boosting and scaling up the sector within the country” he added.
According to SUSE Country Head Rajarshi Bhattacharyya “Make in India has given an enormous boost in the domestic manufacturing sector that has slowly resulted in the sustainable growth of GDP. With the increased domestic business growth the consumption of the IT OEM Software has increased drastically. SUSE in India has been growing phenomenally for the last 4 years and that growth is primarily powered by the growth in the Manufacturing Sector. Our Business in the BFSI market has also tripled in the last 4 years”.
India had received nearly ₹16.40 lakh crore investment commitments and investment inquiries worth ₹1.5 lakh crore between September 2014 to February 2016.
Commenting on the same R&M India Managing Director Gaurav Ahluwalia said “With the launch of ‘Make in India’ initiative in 2014, Indian economy has witnessed radiant growth in IT and manufacturing sectors. This call from Indian government has encouraged various global/foreign investors operating in different verticals to make investments in India and boost their business by building the products here. It has identified and facilitated the leading sectors of the country which are responsible for rapid economic growth and employment in the states”
“Make in India initiative has also surged up the development of Smart cities across the country which sequentially demanded for more IT and manufacturing hubs locally. This was surely a need for additional work force which led to increase in employment in the country” he added.
India jumped to 100th place out of 190 countries in the World Bank’s 2017 Ease of Doing Business Index, from 130th in 2016. In February 2017, the government appointed the United Nations Development Programme (UNDP) and the National Productivity Council.
Commenting on the Make In India concept ATCS Founder &CEO Manish Krishnan said“As the world’s fastest growing economy this fiscal year, India added another feather to its cap. The Make in India initiative was introduced to boost national economy and has achieved much-deserved global recognition. With the economy becoming domestically oriented, the dependency on imports has been scaling down. In fact, the initiative has received its share of international support with global giants like Apple, who embrace it whole-heartedly”
“Leading economies like USA and China also feature similar initiatives to boost their domestic economy. With its presence in all three leading economies, Advanced Technology Consulting Services (ATCS) has been focused on contributing to India’s domestic growth” further he added.
