Make In India: India’s Initiative To Become A Manufacturing Hub

Abstract

Make in India has become a flagship initiation by Indian Government, not just remaining a mere campaign initiative. It is expected that it gives India the turning push towards Growth and development by facilitating Inflow of new technology, creating millions of jobs and India as a manufacturing hub. Indian manufacturing sector is the ideal example of an industry with high potential. Hence the scheme initiated by honorable Prime minister on 25 September 2014, aims at Creating India as the manufacturing hub, create employment, boost the economic growth of the country, and attract both foreign as well as Indian industry captains, to invest their capital in India. With the vision of countries long term growth we need to raise our global competitiveness of manufacturing. Hence government has simplified the regulatory environment of India and policies which will be discussed in the paper as well as the prospects of Make in India and its boosting elements for the manufacturing sector.