• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
JournalsOfIndia
No Result
View All Result
Home Economy

Make in India Scheme

September 22, 2020
in Economy
Reading Time: 3min read
0
Make in India Scheme
0
SHARES
53
VIEWS
Share on TelegramShare on Facebook

Make in India initiative was launched in 2014 and the main aim of this initiative is to make India a global manufacturing hub by encouraging both multinational as well as domestic companies to manufacture their products within the country.  

Features of the Scheme

  • The initiative is based on four pillars:

. New processes: It recognizes ease of doing business as the single most important factor to promote entrepreneurship. The aim is to de-license and de-regulate the industry during the entire life cycle of a business.

. New infrastructure: Government intends to develop industrial corridors and smart cities to provide infrastructure based on state-of-the-art technology with modern high-speed communication and integrated logistic arrangements.

. New sectors: The scheme has identified 25 sectors in manufacturing, infrastructure and service activities.

. New mindset: The scheme aims to bring a paradigm shift in how Government interacts with industry. The approach will be that of a facilitator and not regulator.

  • ​Department for Promotion of Industry and Internal Trade (DPIIT) is entrusted with the task of formulation of Foreign Direct Investment (FDI) policy, monitoring of Ease of Doing Business reforms and investment promotion and facilitation activities. 
  • The 25 sectors include automobiles, automobile components, aviation, biotechnology, chemicals, construction, defence manufacturing electrical machinery, electronic systems, food processing, IT & BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports and shipping, railways, renewable energy, roads and highways, space, textile and garments, thermal power, tourism and hospitality and wellness.

Outcomes of the Scheme

  • India became a net exporter of electricity. A total of 7203 MU were exported to Nepal, Bangladesh, and Myanmar during 2017-18.
  • One of the world’s largest 648-MW solar power plants in Tamil Nadu was commissioned on September 21, 2016.
  • Two path-breaking prototype locomotives of WAGC3 & WAG11 class of 10,000 and 12,000 hp respectively were developed indigenously by converting existing diesel locomotives to upgraded electric locomotives.
  • 88 cold chain projects were commissioned from June 2014 to August 2018, thereby, creating an additional food processing capacity of 3.9 lakh tonnes.
  • Three textile mega clusters in Bareilly, Lucknow, and Kutch are in the development phase which can benefit 14,505 artisans.
  • According to the data provided by India Cellular & Electronics Association (ICEA), the initiative saved Rs. 3 lakh crore of possible outflow in four years, by replacing the import of completely built units (CBUs) with domestically manufactured and assembled handsets.
  • Major ports in India have added capacity of 92.19 MTPA during FY 2017-18. Total turnaround time at these ports has reduced by 33% from 96 hrs in FY 2014-15 to 64.32 hrs in FY 2017-18.
Source: makeinindia website, IBEF website
Tags: Prelims

Related Posts

Prarambh -Startup India International Summit

Prarambh -Startup India International Summit

January 16, 2021
Reforms in Mining

Reforms in Mining

January 15, 2021
RBI sets up Working Group on Digital Lending

RBI sets up Working Group on Digital Lending

January 15, 2021
What are Debentures?

What are Debentures?

January 15, 2021
Modified Scheme to Enhance Ethanol Distillation Capacity

Modified Scheme to Enhance Ethanol Distillation Capacity

January 15, 2021
National Migrant Information System (NMIS)

National Migrant Information System (NMIS)

January 14, 2021
Toy Manufacturing Clusters

Toy Manufacturing Clusters

January 14, 2021
RBI’s Financial Stability Report

RBI’s Financial Stability Report

January 14, 2021
Migrant Integration Policy Index(MIPEX) -2020

Migrant Integration Policy Index(MIPEX) -2020

January 14, 2021
Payment Infrastructure Development Fund (PIDF) scheme

Payment Infrastructure Development Fund (PIDF) scheme

January 13, 2021
Please login to join discussion

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In