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Make in India program details for banking exams

Make in India program- details you need to know.Make in India is currently in news and it has gained popularity over the time since the launch of the program in 2014. In the year 2013 India was facing a severe financial crisis and its GDP was lowest in the BRICS nation. It was feared by the investors whether investing in India was an opportunity or a threat. Amidst this severe economic crises, PM NarendraModilaunched Make in India initiate to increase the manufacturing prowess of India to enable India to increase its manufacturing in different departments to upto 25% by the year 2020. This was the aim of the DIPP (Department of Industrial policy and promotion). After the economic crisis, the DIPP held state and national level conferences and workshops with different state departments and intellectuals to overcome the problem and to find the solution to the ongoing crisis.

It was later decided to increase the manufacturing power of India and it increaseitsmanufacturing to 25% of the GDP by the year 2020. The logo was decided which was a Indian emblem Lion with the manufacturing gadgets within the lion which reflected the India’s Pride as well as its manufacturing capacity.

It was an attempt to convert Indian into a global manufacturing hub. After this the FDI was encouraged in several areas including Defenceetc and many companies ready to invest in India and started opening their manufacturing units in India. In fact, Xiaomi, Huawei and FOXCONN (manufacturer of i­Phones) are all set to open their manufacturing units in India. Lenovo has recently announced that it has started manufacturing of Motorola smart phone in its manufacturing plant in Chennai. Oppo. Also fiat Air bus etc has started opening their units in India

To help new companies start their manufacturing in India a mobile based site by DIPP has been crested with the details like labour, land, facilities, raw materials etc required by new companies and the query will be resolved within 48 hours.

25 sectors have been identified by the government of India in which companies under Make in India program can invest. These are automobile, automobile components, aviation, biotechnology, chemicals, construction, defence manufacturing, electrical machinery, electronic systems, food processing, IT and BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports and shipping, railways, renewable energy, roads and highways, space, textiles and garments, thermal power, tourism and hospitality, wellness

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