Important initiatives by the Government of India – Make in India Initiative

Shraddha K

9 years ago

Dear Readers,

Current affairs is an important component of several competitive exams such as the UPSC Civil Services Examination, SSC CGL, Bank PO & PSU entrance tests, etc. Therefore, understanding the terms/concepts/events that make news is critical for aspirants.

New initiatives and socio- economic policies or what are known as flagship programmes announced by the Union Government are often asked in competitive examinations. Therefore, to help you deepen your understanding of the same, we at PaGaLGuY bring you information on such initiatives announced by the Government of India.

In today’s article, we will look at some of the highlights of the Government’s ‘Make in India’ initiative.

Background:

The ‘Make in India’ initiative is Prime Minister Modi’s signature effort to attract both foreign and Indian companies to invest in India. The Make in India programme was presented by the PM in his Independence Day speech in 2014 and launched on 25th September 2014 at both, national and state level. It is implemented by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.

Some key features of the initiative:

* The Union Government along with the state governments and the Federation of Indian Chambers of Commerce and Industry (FICCI), has instituted a body – Invest India – to guide foreign investors on regulatory and policy issues.

* E-Biz portal, a 24×7, real-time platform has been set up for all central and state-level regulatory clearances.

* A dedicated cell will be set up to revamp query-handling process. An exhaustive list of FAQs will help investors find answers within 48-72 hours.

* A proactive approach would be adopted to track visitors’ geographical location, interest and real-time user behaviour. Subsequent visits will be customised for the user based on the information collected. Registered visitors will be sent relevant information and newsletters to clarify queries.

*Investor facilitation cell will assist investors from the time of travel till their departure. The campaign will also target top companies in identified countries and sectors.

* The initiative will identify Indian companies leading in innovation and new technology and turn them into a global champions. The aim will be to promote green and advanced manufacturing and help these companies be a part of the global value chain.

*The government has identified several sectors to attract investment, enhance GDP growth and tax revenue: automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways, auto components, design manufacturing, renewable energy, mining, bio-technology, and electronics.

To learn about other GoI initiatives click here:

(a) AMRUT and Smart cities –

https://www.pagalguy.com/articles/amrut-and-smart-cities-missions-important-initiatives-by-the-345423…

(b) Swacch Bharat Mission –

https://www.pagalguy.com/articles/swachh-bharat-mission-new-initiatives-by-the-government-34578549

https://www.pagalguy.com/articles/important-initiatives-by-the-government-digital-india-34772337

(d) Beti Bachao Beti Padhao –

https://www.pagalguy.com/articles/government-of-india-initiatives-beti-bachao-beti-padhao-abhi-347902…

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