MAKE IN INDIA

MAKE IN INDIA

BY:

AQIB KHAN

MAKE 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.

‘Make in India’ means real work, not just 'jugaad‘

This initiative is nothing less but a giant leap or the step of a lion

MAJOR HIGHLIGHTS OF THE MAKE IN INDIA PLANS

Invest India cell

Consolidated services and faster security clearances

Dedicated portal for business queries

Interactions with the users/visitors

Easing policies and laws

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

SECTOR WISE CONTRIBUTION IN GDP

14%17%

69%

SECTORAL COMPO-SITION OF INDIA GDP

AGRICULTURAL INDUSTRIAL SERVICE

Manufacturing contributes 17% of India’s GDP compared to 69% that comes from services and 14% from agriculture

And, of the 474 million Indians who are gainfully employed, only 100 million do manufacturing jobs compared to 232 million who work on farms and 142 million employed in the services businesses

Between 2004 and 2011 manufacturing sector has registering annual growth of around 7.25 per cent

EXISTING ISSUE

Ease of doing business

Investments

Infrastructure

Urbanization

WHAT IS THE NEED TO STRENGTHEN MANUFACTURING SECTOR?

Modi has chosen manufacturing sector because majority of country's workforce consists of unskilled labor which is engaged in manufacturing sector

During 2005-2012, India has only created 15 million jobs while as per the data, 10 million people join its workforce every year

Manufacturing offers the surest way to employ millions of workers in middle-income jobs

MODI SAYS MAKE IN INDIA, BUT EVEN 'THALIS' ARE FROM CHINA

For years, the small factory Ballabh worked at flattened steel into sheets that were cut into circles and passed to adjacent factories, which pressed these into household utensils

A year ago, the market was flooded by Chinese steel, which was pre-cut in standard sizes for katoris (bowls) and thalis (plates)

“Our plant is closing tomorrow. The owner has told us to collect our dues," said Ballabh, who arrived in Delhi 15 years ago to cold-roll steel in Wazirpur's cluster of metal factories. "A month before Diwali, 70 of us will lose our jobs”

TO SHUT DOWN CHENNAI PLANT ON NOVEMBER 1 2014

Nokia started manufacturing in Chennai in January 2006 and exported to markets including in the Middle East and Africa, Asia, Australia and New Zealand from there.

In March, the Tamil Nadu government served a Rs 2,400 crore notice on Nokia, saying the firm had also sold products from the Chennai plant in the domestic market instead of shipping them overseas.

In a separate tax case, the Supreme Court had ordered Nokia India on March 14 to give a Rs 3,500 crore guarantee before it transfers the plant to Microsoft.

The factory was one of the largest facilities for Nokia, and accounted for the production of over 800 million handsets and employed a staff of 8,000 full-time workers and 25,000 ancillary workers

MAKE IN INDIA BLITZ DRIVEN BY MADE IN CHINA TECH

India imports 65% of the current demand for electronic products, most of it from China. If the situation is left unchanged, the country’s electronics import bill may well surpass its oil import expenses by 2020

While the demand for electronics hardware in India is projected to increase to $400 billion by 2020, the estimated domestic production could rise to $104 billion only

India imported $38.46 million worth of USB flash drives from China in 2013-14

MADE IN CHINA

China on 25 September 2014 launched Made in China campaign to counter India

China by launching Made in China campaign seeks to retain its manufacturing prowess through giving host of tax concessions

Under the campaign China will encourage high-tech imports, research and development (R&D) to upgrade Made in China

Companies that bought new R&D equipment and facilities after January 1 or possess minor fixed assets will have taxes reduced based on value

BENEFIT OF MAKE IN INDIA CAMPAIGN

FDI Means First Development Of India

125000 New Jobs Born In One Year

Industry and government to work together

Global company start business in India

High-Tech Technology Comes To India

Small Industry Play Big Roll

THANK YOUTHANK

YOU