MAKE IN INDIA (Syllabus: GS Paper 3 – Economy)
Context: China holds a dominant position in supplying electronic components essential for 'Made in India' products, significantly impacting India's manufacturing sector.
Make in India
- Launched in: 2014 to position India as a top global manufacturing and investment destination.
- Led by: Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry.
- Objective: To make India an integral part of the global supply chain.
- Four Pillars of Make in India:
o New Processes: Emphasizes 'Ease of Doing Business' as a key factor, with initiatives to de-license and deregulate industries throughout their lifecycle.
o New Infrastructure: Government aims to develop industrial corridors, enhance existing infrastructure, and implement a fast-paced registration system to support industry growth.
o New Sectors: Identifies 27 sectors in manufacturing, infrastructure, and services, with detailed information available through an interactive web portal and brochures.
o New Mindset: Seeks a paradigm shift in government-industry interaction, with the government acting as a facilitator in economic development rather than just a regulator.
- Make in India 2.0: Creating a conducive environment for investment, modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between government and industry through positive mindset.
- Top 3 importers of Electronic Goods: Vietnam , South Korea, and United States.
