A Vision

Prepared By-

Harpreet Singh

ECE(2nd year)

• The aim is to take the share of manufacturing in the country’s GDP from a stagnant 16% currently to 25% by 2022, as stated in the National Manufacturing Policy, and to create 100 million jobs by 2022. • India had fallen to a lowly 134th rank out of 189 countries this year (three down from 2013) in the World Bank’s Ease of Doing Business rankings.

Background

Where Are We?

• India is one of the world's fastest-growing

economies.

• The tenth-largest in the world by nominal

GDP and the third-largest by purchasing power

parity (PPP).

• India has been recording sustained trade

deficits since 1980 mainly due to the high

growth of imports, particularly of crude oil,

gold and silver

IMPORTS & EXPORTSA. EXPORTS (Receipts)

Exports during October, 2014 were valued at US $ 12146

Million (Rs. 74505.99 Crore).

B. IMPORTS (Payments)

Imports during October, 2014 were valued at US $ 5942

Million (Rs. 36449.42 Crore).

C. TRADE BALANCE

The trade balance in Services (i.e. net exports of Services)

for October, 2014 was estimated at US $6204 Million.

On Independence Day 2014

• Our Prime Minister, invited global companies to pick India to locate factories, promising to replace red tape with red-carpet welcomes.

• To make India break into the top 50 in the World Bank’s ease of business index ranking from the current 134th position.

Make In India: Logo

• The logo is a striding lion made of cogs, symbolizing strength, manufacturing and national pride.

What is Make in India ?

• Make in India is an international marketing campaigning slogan coined by Narendra Modi, The prime minster of India on 25th September 2014 to attract businesses from around the world to invest and manufacture in India.

• Make In India is a new national program designed to transform India into a global manufacturing hub.

• Through Make In India initiative government will focus on building physical infrastructure as well as creating a digital network.

Major Objectives

• The major objective behind this initiative is to focus upon the heavy industries and public enterprises while generating employment in India.

• To facilitate

– Investment

– Foster innovation

– Enhance skills development

– Protect intellectual property

– To built best-in-class manufacturing infrastructure

Focus on different sectors

• The focus of “make in India” program is on creating jobs and skill enhancement in 25 sectors

List of Investors so far

Company Investment Amount

Spice Group Rs. 500 crore (~US$81,500,000)

Samsung Rs. 517 crore (~US$84,260,000)

Lava Rs. 500 crore (~US$81,500,000)

Huawei Rs. 1050 crore (~US$170,000,000)

List of challenges

• India’s chronic infrastructure and logistics deficit with inefficient transport networks makes it tough for manufacturing companies to achieve just-in-time production.

• A large chunk of manufacturers in India even believe that globalization is a myth for them and they consider global opportunities as threat for their domestic business.

• Currently, it takes 12 procedures and 27 days to start business,

35 procedures and 168 days to get construction permits and

1420 days to enforce contracts in India.

Land Acquisition in India

• Land Acquisition in India refers to the process of land acquisition by the central or state government of India for various infrastructure and economic growth initiatives.

• Several controversies have arisen with claims that land owners have not been adequately compensated.

Tata Motors

• When companies such as Tata Motors choose where to

locate a new factory, they consider a range of factors.

• But India fares badly on most of the counts. For

instance, contract enforcement takes 1,420 days and

going through the 12 procedures for starting business

typically takes 27 days.

Kenichi Ayukawa

• "Costs of production in India increase

because of various government

policies, procedures, regulations and

the way some of the laws are

implemented," said Kenichi Ayukawa,

Managing Director and CEO, Maruti

Suzuki India Ltd, at the 'Make in India'

campaign.

MAKE IN INDIA