The name of our country if reflected among the highest manufacturing nation gives us immense pleasure and proud feeling. The scheme Make in India is about initiating the manufacturing of different items in our country despite getting those products imported from other countries. This scheme will provide an opportunity to enhance the talents of the people in India.
Here is a long essay containing an elaborate essay on this topic that may be an aid to the students of higher standards in getting relevant information about the scheme Make in India.
1) On 25 September 2014, Narendra Modi, PM of India launched the Make in India project.
2) The Make in India initiative will help to boost the country’s economy.
3) Under this project, 25 sectors are focused on enhancing job opportunities.
4) The main motive of this project is to encourage manufacturing in India.
5) This project is trying to enhance foreign investment in the country.
6) By creating more job opportunities, is a step towards reducing unemployment and poverty.
7) This project will provide a chance for the people of India to show their talent and skills.
8) Make in India project will also focus on the development of rural areas.
9) However, increasing industrialization will be harmful to the environment.
10) Small businesses and the agriculture sector will be affected by this project.
Introduction
India is stated as the fastest developing nation in the world. There are several initiatives and programs that have been launched for the welfare and development of people and the nation. The project ‘Make in India’ has been brought by the Government of India to enhance manufacturing in India. This initiative has been launched on 25th September 2014 by then Prime Minister Narendra Modi.
The campaign was focused on 25 sectors for the creation of job opportunities and investments. The development in these 25 sectors will help in boosting economic growth in the nation. A lion with its entire body full of wheels is the symbol of this mission. It signifies progress, strength, and intelligence.
The Objective of the ‘Make in India’ Campaign
‘Make in India’ is the mission that has been initiated to make India a manufacturing hub. The main agenda of this campaign is that even if anything sold in any part of the world must be manufactured in India. The manufacturing can be done by both national and foreign companies.
The mission of this initiative is also to enhance foreign investment in the nation. This will help the foreign companies to set their businesses in India. The manufacturing sector contributes 15% to the GDP of the nation. The campaign aims to foster the contribution of the manufacturing sector to GDP by 25% by 2022.
The rate of poverty and unemployment is high in India. The campaign ‘Make in India’ is targeted to reduce the poverty and unemployment rate in the nation by creating new job opportunities. The initiative also focuses on the development of people in rural areas in India.
Conclusion
The campaign ‘Make in India’ is a better initiative for the development of the nation. This will help in reducing the dependency of India on other nations for different products. The enhancement of skill development in the youth is required to make this mission successful in the nation.
Introduction
Make in India is a scheme that literally can be explained as an initiative to enhance manufacturing in India. There are many products that are simply assembled in India but the manufacturing of the product is carried on in some other countries. Ultimately the products and goods are imported by our country. The symbol of this scheme is a Lion which represents the king of the jungle with confidence and pride. The wheels on the body of the Lion signify progress and development.
The Vision behind Initiating the Scheme – Make in India
The scheme made in India is launched to achieve some objectives. These are enlisted below:
Various Sectors Recognized by the Government to Make Them Self-reliant
There are different sectors recognized by the Government which have to be worked upon to make those sectors self-reliant. There are total of 25 sectors in the list namely: Automobiles, Automobile Component, Biotechnology, Aviation, Chemicals, Defence Manufacturing, Defence Export, Electronic System, Electrical Machinery, Food Processing, Information Technology, Leather, Media and Entertainment, Mining, Oil and Gas, Pharmaceuticals, Ports and shipping, Railways, Renewable energy, Road and highways, Space and Astronomy, Thermal power, Tourism, Textile and garments, Wellness and health care.
The foreign investors will help in funding the sectors which are facing financial issues. The incurred profit after manufacturing will provide benefit to the country’s economy as well as a foreign investing firm.
Advantages and Disadvantages of the Scheme “Make in India”
Advantages:
Disadvantages:
Conclusion
The scheme Make in India will help in the development of the country in various ways. The proper execution of policy will slowly eradicate the problem of poverty and unemployment from our country.
Ans. The scheme has been launched by Prime Minister Narendra Modi on 25th September 2014.
Ans. The main motive of the scheme is to develop our nation into a manufacturing hub and foster foreign investment.
Ans. Yes it is, but the programs and policies under the scheme need to be brought into action instead of just saying the same or representing it in papers.
Ans. The scheme is targeted towards creating millions of jobs by 2022 that might be capable of fulfilling the job requirement of youth.
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