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Essay / Make in India: vision, new processes, sectors, infrastructure and mindset
The government has launched the “Make in India” initiative which aims to promote India as an investment destination to making India a global hub for manufacturing, design and innovation. Under this initiative, the government intends to provide strong infrastructure to businesses through the development of various facilities and institutions. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original EssayMake in India Achievements: Simplification of existing rules through ease of doing business has reduced various licensing requirements and red tape , which led to a simplification of regulatory work. India has attracted investments worth US$18 billion from companies eyeing the country as a potential manufacturing hub. Various tech giants like LH Aviation and Hyundai Heavy Industries have joined hands with Indian partners to develop drones and warships in the country. economic growth of the country through increasing levels of GDP.DeficitsAlthough the Indian project is the flagship program of the government, it has not yielded the expected results as in:The unemployment situation in the country still remains the same.Prices higher prices of products as well as higher profits for multinationals through setting up factories in India. The industrial production index has fallen steadily over the months. The national territory still remains untouched by critical sectoral development areas, as no Indian companies are involved in nuclear power projects and aerospace development. The way forward: Team India comprising the center and states must break political barriers and support a uniform development agenda across the country, patronage politics must be ruled out. Emphasis must be placed on the development of sectors considered as engines of growth in the country. the economy, then pass on the dividends to other sectors. India was ranked 132nd in the World Bank's Doing business 2015 report and in 2017 it was ranked 130th, which shows India's progress, although it is at a snail's pace, but she caught up. the impetus needed to further stimulate Indian growth. Make in India was launched by the government to boost investment in the Indian manufacturing sector. The rating agency Moody's praised the success of this initiative. Its main achievements are: Increase in FDI flows. India Projected as Optimal Investment Destination - UNCTAD's World Investment Report (WIR) 2015 has ranked India as the third potential host economy for 2015-2017. Infrastructure Development – Development of industrial zones and industrial corridors. Increased industrial production due to increased industrial production. investmentAcquisition of critical technologies, particularly in the defense sectorDespite the success, there have been some obstacles to its true implementation: Investment in the manufacturing sector is still low. Job creation has been slow because most investments are in the service sector which requires skilled professionals. Regulatory and labor reforms still need to be undertaken. a place that restricted investment space. The national potential in industrial technology sectors remains untapped. For example, BrahMos, although labeled Make in India,.