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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