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Make In India

 

On September 25, 2015 PM Modi launched 'Make in India' campaign that aims to turn the country into a global manufacturing hub.

What began with the PM's call on Independence Day to "Make in India" and have a "Zero Defect; Zero Effect" policy became a gigantic campaign which targets top companies across sectors in identified countries.

Opening the event in Delhi, Commerce Minister Nirmala Sitharaman said, "For us, 'Make-in-India' isn't a slogan, it is a mission to be accomplished."

At the event some top industrialists and executives, among the 500 who had gathered here, were also invited to make short speeches.

India's richest man Mukesh Ambani of Reliance Industries said, "India is blessed with a leader like our PM Narendra Modi, he dreams and he does." He also said it was important for India to be open to capital from all over the globe.

Tata group chairman Cyrus Mistry said key challenges like building critical infrastructure and putting in place transparent tax and duty structures have to be met. "Make in India is a unique opportunity for government and business to work together"

"This programme offers a unique and timely opportunity to make India truly global," Tata Sons chairman Cyrus Mistry said, adding, countries attain high standards with a vibrant industrial economy and the biggest challenge is to create jobs for millions of youth.

Kenichi Ayukawa, managing director of Maruti Suzuki India, said his Japanese group was among the first to invest in India and remains committed to the country. He said he was sure India will eventually become one of the most competitive economies.



 

 

Calling upon domestic and international companies to invest in India, PM said his government's focus was not only to 'Look East' but also to 'Link West'.

"We want highways. We also want i-ways - information ways for a Digital India," Modi said, adding "Make in India is not a slogan, not an invitation".

It also identifies select domestic companies having leadership in innovation and new technology for turning them into global champions.

The government has identified 25 key sectors in which India has the potential of becoming a world leader and aims at creating jobs for over 10 million people, who join the workforce every year.

"The processes of applying for licences has been made online, it is 24/7. The validity of such licences has also been extended to three years"

It aims to attract foreign companies to set up factories in India and invest in the country's infrastructure.

The new government has liberalised defense manufacturing and insurance sectors to attract FDI, but analysts say the government needs to do much more to attract foreign capital.

PM said for him the term FDI for the domestic industry did not expand to "foreign direct investment" but "first develop India".

"We have to create opportunities of employment. If the poor get jobs the purchasing power of families will increase."

"Make in India is not a slogan but a mission to be accomplished with a single-minded commitment."

Pointing to campaign logo, he said: "This is the step of a Lion... Make in India."

 

 

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