Prime Minister Modi had launched “Make In India” Campaign to make India a manufacturing hub. The event was held at Vigyan Bhawan in New Delhi. The main aim of the Campaign is to attract foreign companies to set up their manufacturing units in India and to seek greater foreign investment. At the event some more than 500 top industrialists and executives were gathered.
The key focus of PM Narendra Modi’s ‘Make in India’ campaign is Ease of doing business, focus on Public-Private partnerships, harnessing the potential of Democracy, Demography and Demand.
Modi said “For Indians FDI is a responsibility, it means to First Develop India, for global investors FDI is an opportunity in the form of Foreign Direct Investment”.
A dedicated cell has been created to answer queries from business entities through a newly created web portal (www.makeinindia.com).
The government has identified 25 key sectors in which India has the potential of becoming a world leader. The key sectors include automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, and railways..
The campaign is aimed to transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth. This will help in creating jobs for over 10 million people, who join the workforce every year.
The initiative has its origin in the PM Modi’s Independence Day speech where he gave a clarion call to “Make in India” and “Zero Defect; Zero Effect” policy.