Make in India – success
Achievements of the campaign as of 2022
Liberal and transparent FDI policy: most sectors are now open to FDI under the automatic route. FDI inflows in India increased from US $ 45.15 billion in 2014-2015 to the highest ever of $83.6 billion in 2021-22.
Launch of Production Linked Incentive (PLI) scheme: It was launched in 2020-21 across 14 key manufacturing sectors to give a big boost to Make in India initiative
Semiconductors: Govt launched a USD 10 billion incentive scheme to build a semiconductor, display, design ecosystem in India.
Reforming of laws: by amendments to laws, liberalization of guidelines and regulations, in order to reduce unnecessary compliance burden, bring down cost and enhance the ease of doing business in India.
Labour reforms have brought flexibility in hiring and retrenchment.
Launch of National Single Window System (NSWS) in 2021: to improve the ease of doing business by providing a single digital platform to investors for approvals and clearances
Gatishakti programme: to ensure logistical efficiency in business operations through the creation of infrastructure that improves connectivity.
One-District-One-Product (ODOP) initiative: for facilitating promotion and production of the indigenous products from each district of the country and providing a global platform to the artisans and manufacturers of handloom, handicrafts, textiles, etc.
Turnaround in Toy industry: It has historically been import dependent. In 2018-19, Toys worth USD 371 Mn (Rs. 2960 cr.) were imported. The import of toys in FY21-22 have reduced by 70% to USD 110 Mn.
Shortcomings
• In pursuit of nation’s development, in many places agricultural growth and development has not received the much-needed attention.
• Re-introduction of made-in-india campaign, have significantly satisfied the demands, mainly focusing upon the development of the manufacturing industries by consuming natural resources in large amounts.
• Since made-in-India campaign mostly invites other countries to India, they come and set up manufacturing units in India, attracting many Indian. This in turn puts the small-scale industry entrepreneurs at a loss.
• Lack of infrastructure: Electricity, road connectivity is poor in many industrial areas which increases the logistics and operational cost for industries.
