make in india assignment

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• Make In India

Make In India - Initiatives, Aims, Advantages & Challenges [UPSC Notes GS-III]

Make in India is a Government of India scheme launched by Prime Minister Narendra Modi in 2014 intended to boost the domestic manufacturing sector and also augment investment into the country. This article comprehensively covers details on objectives, schemes & initiatives under it, 25 focus sectors, advantages, challenges, & progress related to the Make in India Scheme.

Aspirants would find this article very helpful while preparing for the IAS Exam .

The government wants to revive the lagging manufacturing sector and spur the growth of the economy. The GOI also intends to encourage businesses from abroad into investing in the country and also manufacture here, by improving the country’s ‘Ease of Doing Business’ index. The long-term vision is to gradually develop India into a global manufacturing hub, and also boost employment opportunities in the country.

The highlights of this scheme are mentioned in the table below:

Make in India is a very important government programme that has under its wing, many other sub-schemes, and programmes. Government schemes are important for the IAS Exam. Candidates can also download the notes PDF at the end of this article.

Make in India Logo

The Make in India logo is a lion. It is a lion’s silhouette filled with cogs. This symbolizes manufacturing, national pride, and strength.

Make In India – Focus on 25 Sectors

The Make in India website also has listed the 25 focus sectors and also furnished all relevant details about these sectors, and related government schemes, including the FDI policies, IPR, etc. The main sectors (27 sectors) covered under this campaign are given below:

Manufacturing Sectors:

• Aerospace and Defence
• Automotive and Auto Components
• Pharmaceuticals and Medical Devices
• Bio-Technology
• Capital Goods
• Textile and Apparels
• Chemicals and Petro chemicals
• Electronics System Design and Manufacturing (ESDM)
• Leather & Footwear
• Food Processing
• Gems and Jewellery
• Construction
• New and Renewable Energy

Services Sectors:

• Information Technology & Information Technology enabled Services (IT &ITeS)
• Tourism and Hospitality Services
• Medical Value Travel
• Transport and Logistics Services
• Accounting and Finance Services
• Audio Visual Services
• Legal Services
• Communication Services
• Construction and Related Engineering Services
• Environmental Services
• Financial Services
• Education Services

Why Make in India?

There are multiple reasons why the government has chosen to focus on manufacturing. The key ones are discussed below:

• For the past two decades, India’s growth story seems to have been led by the services sector. This approach paid off in the short-run, and India’s IT and BPO sector saw a huge leap, and India was often dubbed the ‘back office of the world’. However, even though the share of the services sector in the Indian economy rose to 57% in 2013, it contributed to only 28% in the share of employment. So, the manufacturing sector needed to be augmented to boost employment. This is because the services sector currently has low absorption potential considering the demographic dividend in the country.
• Another reason to launch the campaign is the poor condition of manufacturing in India. The share of manufacturing in the overall Indian economy is only about 15%. This is way lower than our neighbours in East Asia. There is an overall trade deficit when it comes to goods. The trade surplus in services hardly covers one-fifth of India’s trade deficit in goods. The services sector alone cannot hope to answer this trade deficit. Manufacturing will have to chip in. The government is hoping to encourage businesses, both Indian and foreign to invest in manufacturing in India, which will help this sector and also generate employment in both skilled and unskilled levels.
• To focus on manufacturing is that no other sector seems to have such a huge multiplier effect on economic growth in a country, according to various studies. The manufacturing sector has larger backward linkages and hence, growth in demand in manufacturing spurs growth in other sectors as well. This generates more jobs, investments, and innovation, and generally leads to a higher standard of living in an economy.

Make in India – Initiatives

• For the first time, the sectors of railways, insurance, defense, and medical devices have been opened up for more Foreign Direct Investment (FDI).
• The maximum limit in FDI in the defense sector under the automatic route has been raised from 49% to 74%. This increase in FDI was announced by Finance Minister Nirmala Sitaraman on May 16, 2020.
• In construction and specified rail infrastructure projects, 100% FDI under the automatic route has been permitted.
• There is an Investor Facilitation Cell that assists investors from the time of their arrival in India to their departure from the country. This was created in 2014 to give services to investors in all phases such as the pre-investment phase, execution, and also after delivery services.
• The government has taken steps to improve India’s ‘Ease of Doing Business’ rank. India climbed 23 points in the Ease of Doing Business index to 77th place in 2019, becoming the highest-ranked in South Asia in this index.
• The Shram Suvidha Portal, eBiz portal, etc. have been launched. The eBiz portal offers single-window access to eleven government services connected with starting a business in India.
• Other permits and licenses required to start a business have also been relaxed. Reforms are being undertaken in areas like property registration, payment of taxes, getting power connection, enforcing contracts, and resolving insolvency.
• Other reforms include licensing process, time-bound clearances for applications of foreign investors, automation of processes for registration with the Employees State Insurance Corporation and the Employees Provident Fund Organization, adoption of best practices by states in granting clearances, decreasing the number of documents for exports, and ensuring compliance through peer evaluation, self-certification, etc.
• The government hopes to improve physical infrastructure chiefly through the PPP mode of investment. Ports and airports have seen increased investment. Dedicated freight corridors are also being developed.

The government has launched plans to create 5 industrial corridors. They are underway. These corridors are spread across the length and breadth of India, with a strategic focus on inclusive development which will augment industrialization and urbanization in a planned manner. The corridors are:

• Delhi-Mumbai Industrial Corridor (DMIC)
• Amritsar-Kolkata Industrial Corridor (AKIC)
• Bengaluru-Mumbai Economic Corridor (BMEC)
• Chennai-Bengaluru Industrial Corridor (CBIC)
• Vizag-Chennai Industrial Corridor (VCIC)

Make in India – Schemes

Several schemes were launched to support the Make in India programme. These schemes are discussed below:

Skill India

This mission aims to skill 10 million in India annually in various sectors. For ‘Make in India’ to turn into a reality, there is a need to upskill the large human resources available. This is important because the percentage of formally skilled workforce in India is only 2% of the population.

Startup India

The main idea behind this programme is to build an ecosystem that fosters the growth of startups, driving sustainable economic growth, and creating large-scale employment.

Digital India

This aims to transform India into a knowledge-based and digitally empowered economy. To know more about Digital India , click on the linked page.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

The mission envisages financial inclusion to ensure access to financial services, namely banking savings & deposit accounts, remittances, credit, insurance, and pension in an affordable manner. Click the linked article to know more about Pradhan Mantri Jan Dhan Yojana (PMJDY) .

Smart Cities

This mission aims to transform and rejuvenate Indian cities. The goal is to create 100 smart cities in India through several sub-initiatives.

AMRUT is the Atal Mission for Rejuvenation and Urban Transformation. It aims to build basic public amenities and make 500 cities in India more livable and inclusive.

Swachh Bharat Abhiyan

This is a mission aimed at making India more cleaner and promoting basic sanitation and hygiene. For more information on Swachh Bharat Mission , click on the linked article.

This scheme aims at developing ports and promoting port-led development in the country. Read more on the Sagarmala Project in the linked article.

International Solar Alliance (ISA)

The ISA is an alliance of 121 countries, most of them being sunshine countries, which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn. This is India’s initiative aimed at promoting research and development in solar technologies and formulating policies in that regard.

AGNII or Accelerating Growth of New India’s Innovation was launched to push the innovation ecosystem in the country by connecting people and assisting in commercializing innovations.

Make in India – Objectives

There are several targets aimed by the Make in India mission. They are:

• Raise in manufacturing sector growth to 12-14% per year.
• Create 100 million additional jobs in the manufacturing sector by 2022.
• Increase in the manufacturing sector’s share in the GDP to 25% by 2022.
• Creating required skill sets among the urban poor and the rural migrants to foster inclusive growth.
• A rise in the domestic value addition and technological depth in the manufacturing sector.
• Having an environmentally sustainable growth.
• Augmenting the global competitiveness of the Indian manufacturing sector.

Make in India – Progress

There have been several milestones attributed to the Make in India scheme. Some of the prominent ones are listed below:

• The introduction of the Goods and Services Tax (GST) has eased the tax procedural system for businesses. The GST has been a fillip to the Make in India campaign.
• Digitization in the country has gained momentum. Taxation, company incorporation, and many other processes have been made online easing the overall process and improving efficiency. This has upped India’s rank in the EoDB index.
• The new insolvency code namely, the Insolvency and Bankruptcy Code 2016 integrated all laws and rules relating to insolvency into a single legislation. This has taken the bankruptcy code of India on par with global standards.
• Due to schemes of financial inclusion such as the PMJDY, as of May 2019, 356 million new bank accounts were opened.
• FDI liberalization has helped India’s EoDB index to be favourable. Larger FDI inflows will create jobs, income, and investments.
• Infrastructure and connectivity have received major push-through schemes like Bharatmala and Sagarmala, as well as various railway infrastructure development schemes.
• BharatNet – this is a telecom infrastructure provider set up by the GOI to enhance digital networks in the rural areas of the country. This is perhaps the world’s largest rural broadband project.
• India is ranked fourth in the world in terms of its capacity to harness power from winds and ranked number 6 in the world in harnessing solar power. Overall, India is ranked fifth in the world in installed renewable energy capacity.

Make in India – Advantages

The Make in India campaign has had several positive developments for the country. Below are some more benefits that have been derived from this mission.

• Generating employment opportunities.
• Increasing the GDP by expanding economic growth.
• When FDI inflows become more, the rupee will be strengthened.
• Small manufacturers will get a thrust, particularly when investors from abroad invest in them.
• When countries invest in India, they will also bring with them the latest technologies in various fields.
• Due to the various initiatives taken under the Mission, India has moved up the ranks in the EoDB index.
• Setting up manufacturing centres and factories in rural areas will foster the development of these areas as well.

Make in India – Challenges

Even though the campaign has seen success in some quarters, there have been criticisms as well. There are also many challenges facing the country if she is to achieve the lofty targets set by the establishment. Some of the criticisms are laid out below.

• India has about 60% of cultivable land. The thrust on manufacturing is said to affect agriculture negatively. It can even cause a permanent disruption of arable land.
• It is also believed that rapid industrialization (even with the thrust on “going green”) can lead to a depletion of natural resources.
• A fallout of inviting large-scale FDI is that local farmers and small entrepreneurs may not be able to face the competition from international players.
• The campaign, with all its focus on manufacturing, can cause pollution and environmental side effects.
• There are serious lacunae in the physical infrastructure facilities in the country. For the campaign to be successful, it is necessary to build up the infrastructure available in the country and also reduce problems like corruption at the lowest levels. Here, India can take lessons from China, which has dramatically improved its share of global manufacturing from 2.6% in the 1990s to 24.9% in 2013. China rapidly developed its physical infrastructure like railways, roadways, power, airports, etc.

Candidates should follow the latest developments in Current Affairs related to other government schemes for their UPSC 2024 preparation.

Frequently Asked Questions about Make in India

How successful is make in india, what are the challenges of make in india.

Make in India Notes – UPSC:- Download PDF Here

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Major Initiatives

Make in india.

Since years policy-makers have been debating how to give an impetus to manufacturing in India and make India a Global Manufacturing Hub. But it is Narendra Modi, who within a matter of months, launched the ‘Make in India’ campaign to facilitate investment, foster innovation, enhance skill development, protect intellectual property & build best in class manufacturing infrastructure.

The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors.

New Processes : ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. A number of initiatives have already been undertaken to ease business environment. The aim is to de-license and de-regulate the industry during the entire life cycle of a business.

New Mindset : Industry is accustomed to see Government as a regulator. ‘Make in India’ intends to change this by bringing a paradigm shift in how Government interacts with industry. The Government will partner industry in economic development of the country. The approach will be that of a facilitator and not regulator.

The Make in India program has been built on layers of collaborative effort. There has been from Union Ministers, Secretaries to the Government of India, state governments, industry leaders, and various knowledge partners. A National Workshop on sector specific industries in December 2014 brought Secretaries to the Government of India and industry leaders together to debate and formulate an action plan for the next three years, aimed at raising the contribution of the manufacturing sector to 25% of the GDP in the coming years.

These exercises resulted in a road map for the single largest manufacturing initiative undertaken by a nation in recent history. They also demonstrated the transformational power of public-private partnership, and have become a hallmark of the Make in India program. This collaborative model has also been successfully extended to include India’s global partners, as evidenced by the recent in-depth interactions between India and the United States of America.

In a short space of time, the obsolete and obstructive frameworks of the past have been dismantled and replaced with a transparent and user-friendly system that is helping drive investment, foster innovation, develop skills, protect IP and build best-in-class manufacturing infrastructure. The most striking indicator of progress is the unprecedented opening up of key sectors – including Railways, Defence, Insurance and Medical Devices – to dramatically higher levels of Foreign Direct Investment.

An array of measures focused on the ease of doing business in India have also been launched under the Make India program. Brand new, IT-driven application and tracking processes are replacing files and red tape. A number of new initiatives have been launched in order to streamline and rationalise licensing rules at the state government level, aligning them with global best practices. From amendments in Labour law to online filing of returns & from rationalization of the regulatory environment to increasing the validity of industrial licenses, a lot of changes have been ushered in to make ‘Make in India’ a reality.

Today, India’s credibility is stronger than ever. There is visible momentum, energy and optimism. Make in India is opening investment doors. Multiple enterprises are adopting its mantra. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.

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Made In India vs. Make In India – Key Differences and Comparision

Make in India vs. made in India

The Indian manufacturing sector has been the subject of significant attention in recent years, as the government launched initiatives to bolster its growth and global standing. The “ Make in India ” campaign, aimed at attracting foreign companies to invest in India’s manufacturing sector, has been a prominent strategy.

However, an alternative approach, centered around the idea of “Made in India,” advocates for domestic manufacturing and self-reliance. This article delves into the differences between these two approaches and evaluates their potential impacts on India’s economic development.

Table of Contents

The “Made in India” Approach

The “Made in India” approach champions the development of domestic manufacturing capabilities and the promotion of locally produced goods. By focusing on strengthening homegrown industries, this approach seeks to reduce India’s dependency on imports and enhance self-sufficiency. The primary goal is to create a robust economy, generate employment opportunities, and diminish the trade deficit.

By prioritizing domestic manufacturing, India can reap multiple benefits. Job creation would accelerate as industries flourish, reducing unemployment rates and promoting inclusive growth. Moreover, a boost in local production could potentially lower the trade deficit, enabling the country to allocate its resources more efficiently and promote a balanced economy.

The “Make in India” Approach

The “Make in India” approach aims to entice foreign companies to establish manufacturing units within India. This strategy assumes that foreign investments will lead to job creation, technological transfer, and increased exports. The government has introduced a series of policy reforms, including relaxed foreign direct investment (FDI) norms and streamlined regulatory procedures, to make India an attractive investment destination.

Proponents of the “Make in India” approach argue that foreign investment can infuse capital, technology, and expertise into the domestic manufacturing sector, catalyzing rapid growth. Additionally, an influx of foreign companies can foster healthy competition, driving local manufacturers to improve their quality, innovation, and efficiency.

Balancing Priorities

While the “Make in India” approach has its merits, there are concerns that it may lead to an uneven playing field, favoring foreign corporations over local enterprises. Critics argue that an excessive focus on foreign investments could potentially stifle the growth of domestic industries, leaving them struggling to compete.

Furthermore, relying heavily on foreign technology and expertise could impede India’s long-term growth trajectory. True progress lies in developing indigenous manufacturing capabilities and nurturing local talent to drive innovation and technological advancement.

Comparing “Made in India” and “Make in India”

As India navigates its path to economic growth and global prominence, two distinctive strategies have emerged to shape the country’s manufacturing sector: “Made in India” and “Make in India.” Each approach bears its philosophy and potential implications for India’s industrial landscape.

To provide a clearer understanding, we present a concise yet comprehensive key difference table that highlights the core disparities between these two strategies. This table aims to shed light on the fundamental aspects, goals, and potential outcomes associated with the “Made in India” and “Make in India” approaches.

Simplified key difference table between the “Made in India” and “Make in India” approaches:

Please note that this table provides a general overview and simplification of the key differences between the two approaches. The actual situation is more complex and nuanced, and each approach has its own advantages and potential drawbacks.

In conclusion, both the “Made in India” and “Make in India” approaches offer unique advantages, but finding a balanced blend of the two is crucial for India’s sustained economic growth. While the “Make in India” campaign can bring in foreign investment and stimulate job creation, it must be executed thoughtfully to ensure that domestic manufacturers remain competitive. Simultaneously, the “Made in India” perspective holds the key to self-reliance, reduced trade deficits, and a more resilient economy.

India’s manufacturing future lies in striking a harmonious equilibrium between attracting foreign investment and empowering local industries. The government’s role is pivotal in fostering an environment that promotes innovation, encourages skill development, and creates a level playing field for both domestic and foreign companies. By pursuing this dual strategy, India can truly transform itself into a global manufacturing powerhouse, contributing significantly to its economic prosperity and standing on the world stage.

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‘Make in India' is an initiative which was launched on 25 th September, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. The development of a robust manufacturing sector continues to be a key priority of the Indian Government. It was one of the first 'Vocal for Local' initiatives that exposed India's manufacturing domain to the world. The sector has the potential to not only take economic growth to a higher trajectory but also to provide employment to a large pool of our young labour force.

Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0. Department for Promotion of Industry and Internal Trade is coordinating action plans for manufacturing sectors, while Department of Commerce is coordinating service sectors.

The Government of India is making continuous efforts under Investment Facilitation for implementation of Make in India action plans to identify potential investors. Support is being provided to Indian Missions abroad and State Governments for organising events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner. Investment Outreach activities are being carried out for enhancing International co-operation for promoting FDI and improve Ease of Doing Business in the country.

India has registered its highest ever annual FDI Inflow of US $81.72 billion (provisional figure) during the last financial year 2020-21as compared to US $ 45.15 billion in 2014-2015. In the last seven financial years (2014-20), India has received FDI inflow worth US$ 440.01 billion which is 58 percent of the FDI reported in the last 21 years (US$ 763.58 billion).

Steps taken to improve Ease of Doing Business include simplification and rationalisation of existing processes. As a result of the measures taken to improve the country’s investment climate, India jumped to 63 rd place in World Bank’s Ease of Doing Business ranking as per World Bank’s Doing Business Report (DBR) 2020. This is driven by reforms in the areas of Starting a Business, Paying Taxes, Trading Across Borders, and Resolving Insolvency.

Recently, Government has taken various steps in addition to ongoing schemes to boost domestic and foreign investments in India. These include the National Infrastructure Pipeline, Reduction in Corporate Tax, easing liquidity problems of NBFCs and Banks, policy measures to boost domestic manufacturing. Government of India has also promoted domestic manufacturing of goods through public procurement orders, Phased Manufacturing Programme (PMP), Schemes for Production Linked Incentives of various Ministries.

Further, with a view to support, facilitate and provide investor friendly ecosystem to investors investing in India, the Union Cabinet on 03rd June, 2020 has approved constitution of an Empowered Group of Secretaries (EGoS), and also Project Development Cells (PDCs) in all concerned Ministries/ Departments to fast-track investments in coordination between the Central Government and State Governments, and thereby grow the pipeline of investible projects in India to increase domestic investments and FDI inflow.

Startup India:

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. Salient features of the Startup India Initiative are at Annexure-I.

The activities under the Make in India initiative are being undertaken by several Central Government Ministries/ Departments and various State Governments. There is no fund allocation from DPIIT to States/ UTs under ‘Make in India’ initiative. Further, Ministries formulate action plans, programmes, schemes and policies for the sectors being dealt by them. This Department does not maintain information on such formulations by the line Ministries.

With respect to Startup India initiative also, there is no direct fund allocation from DPIIT to States/UTs. However, Government of India has established a Fund of Funds for Startups (FFS) with corpus of Rs. 10,000 crores, to meet the funding needs of startups. DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS. The total corpus of Rs. 10,000 crores is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds.

The initiatives under ‘Make in India’ are targeted towards employment creation and skill development of youth in both urban and rural areas. The data for employment generated under ‘Make in India’ initiative is not centrally compiled. 

Under the ‘Startup India’ initiative, as on 07.07.2021, a total of 26,327 employment has been reported by DPIIT recognized startups from Tamil Nadu in the last three years. The year-wise details of employment generated by startups from Tamil Nadu is as under:

ANNEXURE –I

Details of achievements under Startup India Initiative

• Intellectual Property Rights (IPR) benefits:
• Startups are eligible for 80% rebate in patent filing fees and 50% rebate in trademark filing fees. Additionally, Startups are also provided the facility of expedited examination of patent applications to reduce time taken in granting patents. 510 patent facilitators and 392 trademark facilitators have been empanelled, as of March 2021, under this scheme to provide free-of-charge services to Startups.
• As of March 2021, 5544 patent applications have been filed . Over 70% CAGR over the past 4 years of the total patents filed:
• 577 Granted
• 639 Disposal other than grant
• 4328 Under Examination
• 1316 expedited examination for patent applications filed by Startups; of these FER (First Examination Report) issues for 1233 applications and 561 Patents granted
• 14632 Trademark applications have been filed out of
• 7013 trademarks registered,
• 1887 accepted,
• 499 Refused/Withdrawn/Abandoned
• 5233 under examination
• Patents have been granted as fast as 81 days (2018).
• Easing Public Procurement
• The requirement of prior turnover and prior experience has been relaxed to encourage startups to participate in tenders. Further, startups have been exempted from the requirement of earnest money deposit.
• ‘GeM Startup Runway’ has been launched for startups to sell products and services to Government. As of June 2021, 10,154 startups have registered on GeM portal and 76,564 orders have been placed to startups. The value of orders served by startups has been to the tune of around INR 3,481 Crores.
• Additionally, Startups can now register and participate in all public orders on Central Public Procurement Portal and get exemptions on prior experience, prior turnover and earnest money deposit requirements.
• GeM has relaxed the requirement of approved Trademark certificate for DPIIT Recognized Startups . An application for trademark will be sufficient.
• Self-Certification under Labour and Environmental laws
• Startups recognised under Startup India initiative can self-certify their compliance against the 6 labour laws and 3 environmental laws.
• 27 states and UTs have implemented the process of self- certification to startups under 6 labour laws. 9 States (Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Gujarat, Uttar Pradesh, Punjab, Uttarakhand, and Delhi) have integrated their portals with Shram Suvidha Portal. Overall, 169 DPIIT recognized Startups have availed the benefits of self-certification.
• Tax Exemption to Startups for 3 years
• The provisions of section 80-IAC of the Income Tax Act provide for a deduction of an amount equal to 100% of the profits and gains derived from an eligible business by an eligible start-up for 3 consecutive assessment years out of 7 years, at the option of the assessee, subject to certain conditions. The Finance Act, 2020 provides for an amendment to section 80-IAC of the Income Tax Act so as to provide that the deduction under the said section 80-IAC shall be available to an eligible start-up for a period of 3 consecutive assessment years out of 10 years beginning from the year in which it is incorporated.
• To avail these benefits, a Startup must get a Certificate of Eligibility from the Inter-Ministerial Board (IMB). 387 startups have been granted income tax exemptions  till June 2021
• Tax Exemption on Investments above Fair Market Value
• DPIIT recognized startups are exempt from tax under Section 56(2)(viib) of the Income Tax Act when such a Startup receives any consideration for issue of shares which exceeds the Fair Market Value of such shares. The startup has to file a duly signed declaration in Form 2 to DPIIT {as per notification G.S.R. 127 (E)} to claim the exemption from the provisions of Section 56(2) (viib) of the Income Tax Act.  As of 12 th July 2021, with regard to declarations received from entities, furnished in Form 2, intimation regarding receipt of declaration in Form 2 has been mailed in the cases of 4,372 entities.
• Faster Exit for Startups

Ministry of Corporate Affairs has notified Startups as “Fast track firms” enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies.

• Fund of Funds for Startups
• Fund of Funds for Startups (FFS) with a total corpus of Rs 10,000 crore was established with contribution spread over the 14th and 15th Finance Commission cycle based on progress of implementation. Startup Fund of Funds is operational and is managed by SIDBI.
• As of 02nd June 2021, SIDBI has committed Rs. 5409.45 Cr to 71 SEBI registered Alternative Investment Funds (AIFs). These funds have a target corpus fund of Rs. 36,790 Cr. Rs. 1,541.29 Cr. have been drawn from the FFS and Rs. 5,811 Cr. have been invested into 443 startups."
• Startup India Seed Fund Scheme
• It was launched by the Hon’ble Prime Minister on 16 th January, 2021 at Startup India International Summit: Prarambh. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support about 3600 startups.
• An online portal was launched by Hon’ble CIM on 19th April 2021. 8 incubators have been selected, 23 incubator applications have been received and ~ 190 applications are in draft. The Experts Advisory Committee (EAC) has selected 8 incubator for providing financial assistance of Rs 28 crore to 8 incubators.
• 47 regulatory reforms have been undertaken since January 2016 for enabling small businesses or Startups across the country.
• National Startup Awards
• The Department for Promotion of Industry and Internal Trade (DPIIT) conceived the National Startup Awards to recognize and reward outstanding Startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact.
• The applications for the ‘National Startup Awards 2020’ were hosted on the Startup India portal – www.startupindia.gov. in – through which a total of 1,641 applications were received from Startups across 23 States and 4 Union Territories.  41 ecosystem enablers (incubators and accelerators) also participated in the Awards.
• Handholding Support: DPIIT also embarked on a new journey with all of the 192 NSA finalists (including the winners), handholding them reach their next stage of growth. As committed during NSA felicitation ceremony, DPIIT is supporting the startups across 8 9 key tracks viz. Investor Connect, Mentorship, Corporate Connect, Government Connect, International Market Access, Regulatory Support, Benefits under Startup India initiative, and Startup India Showcase and Startup India Champions on Doordarshan.
• National Startup Awards 2021 has been launched. Acknowledging the efforts, initiatives and resilience demonstrated by the startups over the period of unprecedent challenges during the pandemic, additional categories have been introduced to NSA 2021. It also aims to recognise innovations focussed towards indigenisation of key products essential for realisation of an Aatmanirbhar Bharat.
• The awards for startups will be given in 49 areas classified into 15 broad sectors. The 15 sectors are Agriculture, Animal Husbandry, Drinking Water, Education and Skill Development, Energy, Enterprise Systems, Environment, FinTech, Food Processing, Health and Wellness, Industry 4.0, Security, Space, Transport and Travel.  In addition, there are six special awards for startups from educational institutions, making impact in rural areas, women entrepreneurs, potential for import substitution, innovation for combatting COVID-19 and content delivery in Indic languages. It will also reward exceptional incubator and accelerator as key building blocks of a robust startup ecosystem.
• The applications for the ‘National Startup Awards 2021’ were hosted on the Startup India portal – www.startupindia.gov. in – through which a total of 2,177 applications were received from Startups across 30 States and UTs. 59 ecosystem enablers (incubators and accelerators) have also participated in the Awards. The evaluation of applications is underway.
• Awards for Winners
• INR 5 lakh to the winning startup in each of the 49 Categories
• Opportunity to pitch in front of relevant line-ministry/ department/ corporates to the winner and two runner ups
• Priority for participation in national and international events
• Ecosystem Enablers
• INR 15 Lakh to one winning incubator and one accelerator each
• Startup India Champions on Doordarshan
• Hon’ble Minister of Finance in her Union Budget 2019-20 speech on 5th July 2019 proposed that the government would start a television programme within the Doordarshan (DD) bouquet of channels exclusively for startups.
• The proposed programme focuses on three key objectives showcasing the achievements, progress and innovation strength of Indian startups, matchmaking and helping connect startups to investors by providing them necessary visibility and discussing and solving the current issues that are being faced by the startups in the country.
• The program started in January, 2021 and has had 12 episodes till now covering various industries such as energy, tourism, cyber security, urban services etc.
• Startup India Showcase

Startup India Showcase is an online discovery platform for the most promising startups of the country chosen through various DPIIT and Startup India programs exhibited in a form of virtual profiles. The startups showcased on the platform have distinctly emerged as the best in their fields. These innovations have been handpicked by experts and have gone through multiple rounds of screening and evaluation.  These innovations span across various cutting-edge sectors such as Fintech, Entreprise Tech, Social Impact, HealthTech, EdTech, among others. These startups are solving critical problems and have shown exceptional innovation in their respective sectors. Ecosystem stakeholders have nurtured and supported these startups, thereby validating their presence on this platform.

• Startup India Yatra

DPIIT has also made efforts to engage with the Startup ecosystem through extensive outreach via bootcamps, social media, print and digital platforms. The Startup India Yatra is an initiative that travels to Tier 2 and Tier 3 cities of India to search for entrepreneurial talent and help develop Startup ecosystem. Day long bootcamps were conducted which included awareness workshops, idea validation and pitching sessions. Startup Yatra has been conducted across 23 States in 236 districts impacting 78346 aspiring entrepreneurs. A total of 1,424 incubation offers have been given to the startups as a result of this initiative.

• Recognition

There has been an increase in the number of DPIIT recognized startups in the recent years. The increasing trend can be seen from the below breakup:

(*data till 15 th July, 2021)

• Startup India Portal
• Startup India provides free resources to startups to help them scale faster, better, and stronger. The portal acts as one stop platform for the stakeholders of startup ecosystem with aspiring entrepreneurs, startups, corporates, accelerators, incubators, government departments having profile on the platform.
•  4,95,396 users have registered on the website, as on 13 th July, 2021.
• More than 446 Innovation Hunts and programs have been hosted on the Startup India portal by various government departments and corporates.
• Learning & Development Program
• To guide budding entrepreneurs through the journey of their startup venture, a free 4-week program is offered on the key areas of starting up by more than 40 top founders of India. Upon completion of the course, an acknowledgement certificate for the learnings in the program is also provided.
• The Learning and Development course has been accessed by 3,14,156 users as on 22 nd February, 2021.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Rajya Sabha today.

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Make in India Essay for Students in English [500 Words Essay]

January 4, 2021 by Sandeep

Essay on Make in India: The Narendra Modi government launched a prestigious campaign on 25th of September, 2014 called “Make in India”. The campaign was a huge call out to all prospective investors to effectively start their investment ventures in any field, any sector on the Indian soil. It was an attractive campaign for global investors to look for enduring proposals in India. Foreign investors could set up units here owing to the huge business investments open in our country.

Essay on Make in India 500 Words in English

Below we have provided Make in India Essay in English, suitable for class 6, 7, 8, 9 & 10.

Our Prime Minister Narendra Modi initiated the Make in India project on 25th September 2014. The government launched it to boost domestic manufacturing which contributes approximately 16% of the GDP and aim is to achieve up to 25% by 2022. The project determines to focus on twenty-five sectors of the economy such as mining, automobile, electronics etc. in doing so; such a progressive step will enhance foreign exchange and improve employee benefits.

Moreover, it also aims at minimalizing imports of various products to mitigate the cost of the trade deficit. Hence our exports will increase exponentially and bring the latest technology into the country. The sign of this campaign is a lion with several mechanical wheels. The lion depicts perseverance and intelligence. The paramount principle this project follows is to encourage foreign companies to invest in India and manufacture products in India. Due to decreasing employment opportunities in the nation, the problem of unemployment proliferated, and the complexity of business and investment compelled business people to leave the country.

During such time, make in India project proved to be a milestone. It serves as a blessing to the production sector, thus bringing prosperity to the economy. With a vision to be self-sufficient, the investments from foreign countries are persuaded on a larger scale to set up new factories and job opportunities for the people. This will augment the production of affordable goods and simultaneously emerge as a major exporting country. Furthermore, the government has made several amendments regarding the rules and regulations in doing business.

Apart from this, such initiative will have linkage to other industries like start-up India, digital India and skill India. Also, there will be a single-window clearance to guide first-time investors. The campaign has already proved to be a considerable success, and if it moves at a steady pace, it will transform India into a vast manufacturing hub and upgrade our economy. MAKE IN INDIA: A DREAM COME TRUE FOR YOUNG ENTREPRENEUR

10 Lines Essay on Make in India

• Make in India is a kind of Swadeshi campaign launched on 25th September 2014.
• It was initiated by the new Prime Minister of India, Narendra Modi during the 68th Independence Day of India.
• The logo of the project is a lion on the prowl, made with cogs.
• The key phrase of the campaign is “Zero Defects, Zero Effect.”
• The mission falls under the Department of Industrial Policy and Promotion.
• The campaign aims at improving employment opportunities and focuses on the manufacturing sector.
• Moreover, the project encourages foreign investors to invest in India.
• The Prime Minister wants to make India self-sufficient and economically progressive.
• The government has also started an online website to get the detail information on the same.
• Make in India proved to be a successful attempt, and hence many other schemes were launched after that.

Make in India: Policies, Measures and their Effects

• Conference: National Seminar on Make in India
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• Make in India Essay

Essay on Make in India

Make in India means to encourage foreign investment that brings the latest technology, broadens the realm of knowledge, and infuses research and development within the country. 

In 2013, India was in a severe economic crisis when the emerging market had crashed and the growth rate had fallen drastically. The global investors were contemplating their investment in India. 

Prime Minister Narendra Modi launched the ‘Make in India’ program amidst the crisis situation on 25 th September 2014, which aimed at attracting foreign companies to set up factories in India and invest in the country’s infrastructure.

The ‘Make in India’ campaign aims at promoting India as a destination of foreign investments and a pivot for manufacturing, design, and innovation globally. The ‘Make in India’ initiative does not only target the manufacturing Sector but also aims at promoting entrepreneurship in the country. 

This initiative further aims at creating a favorable environment for investment, modern infrastructure, opening up new sectors for foreign investment, and establishing a partnership between government and industry through a broader outlook. 

The manufacturing sector currently contributes to 15% of the country’s GDP. The action plan of the mission is to raise the contribution to 25% of the GDP by 2020. 

A lion with a body made up of clogs inspired from the Ashoka Chakra Symbolizes the mission. The lion on the prowl in the logo stands for strength and power and the wheels on the body of the lion signify development and progress. Through this mission, the government took a big step to reduce the level of unemployment faced by the youth of the country. 

This campaign was launched a day after the Mars Mission when the PM had to go on his first visit to the USA. The aim of launching this campaign was to raise the level of the manufacturing sector in India, which will definitely boost the Indian economy.

Guidelines and Policy for Make in India

The government laid new Guidelines to start the mission successfully. The main objective of the Guidelines was to sanction the projects that are approved by state governments. Some Guidelines are like:

Reduce paperwork required for establishing companies.

Minimize the time required for government approvals.

Abolish the Corporate Social Responsibility (CSR) from the project cost. 

Policies have been made for convenient transfer of funds while switching jobs anywhere in the country. A cell was dedicated to responding to the queries for business entities through a web portal. 

Sectors That Were Identified Under The ‘Make In India’ Mission:

There are twenty-five Sectors that were identified under this mission. It includes Automobile, automobile parts, aviation, biotechnology, chemicals, construction, defense production, electrical machinery, electronic systems, food process, IT and BPM, leather, entertainment and media, mining, oil and gas, pharmaceutical industry, shipping, railways, renewable energy, roads and highways, space, textiles and garments, thermal power, tourism and hospitality, wellness. 

Benefits and Criticism

Labor and natural resources are available in plenty in India and that Makes it a preferred manufacturing destination. More job opportunities can be provided for the huge population.

The manufacturing Sectors will not only boost the trading Sector but also increase the GDP of the Indian economy. The opening of factories will contribute to the development of the rural sector. 

This highly beneficiary initiative faces several challenges like rigid labor laws, red tape at providing environmental clearance for big projects, poor technology, and transportation system.

The increase in production leads to the growth in the economy of any country. Make in India campaign will provide a platform for many small entrepreneurs to grow and employment to a huge population. The investments coming from foreign companies and growth in the manufacturing sector can raise the bar of the Indian economy.

Is There Any Disadvantage Associated with the Concept of Make in India?

Every concept has some advantages and disadvantages associated with it. The Make in India concept is no exception as well. Since the campaign of Make in India demands a lot of industrial sectors and the development of technologies, the agricultural sector will be neglected because most of the Indian population earns their livelihoods through it. The development of industrial Sectors demands a lot of plots, water, and other natural resources. Currently, India is not in the position to allow the unnecessary depletion of natural resources in order to develop industrial Sectors.

Since plots are highly required in order to establish a particular industrial Sector, the industrialists will use the lands that are available for agricultural purposes. Moreover, the journey of the common business people and entrepreneurs will be halted.

With the development of industrial Sectors, the necessity to seek help from franchisees will also increase due to the requirement of funds. Only international private Sectors can arrange for a huge amount of funds to invest in and it will contradict the goals of the campaign itself. Also, there is a chance of increased pollution due to the development of industrial Sectors.

What is the Primary Importance of the Make in India Campaign?

The campaign can prove to be highly important for the growth of India as a country. To cope up with work pressure, the various industrial Sectors recruit young aspirants who are talented and in need of urgent jobs. The campaign will help India to build a strong reputation all over the world as a manufacturing hub and a lot of international private Sectors will show their interest to manufacture their own products in India. A lot of people will get the opportunity to develop their skills depending on the market trends as well.

But, to make the campaign even more successful, the government needs to take special care of the other Sectors apart from chemicals and aviation. A lot of research projects are undertaken by researchers in the field of chemistry and aviation. But the Make in India campaign is not particularly successful in terms of building the reputation of an efficient manufacturing hub.

What are the Major Challenges that should be Taken Care of in order to Make the Campaign Successful?

In order to Make a particular campaign successful, a lot of difficulties and issues should be addressed at the same time. India is a country where various political debates take place at times and this usually impacts the Industrial Sectors. A lot of people in India do not have the basic education that is needed to develop their skills and contribute to various kinds of industrial Sectors. 

The people of India often face difficulties to carry out their tasks properly due to insufficient power supply. The infrastructure of various Industrial Sectors in India is not really developed and this hampers the workflow. The people of India often face other challenges as well like poor drainage systems in order to flush out the toxins of the factories. To Make any particular campaign successful in India, the government must take remedial steps at once.

What is the Importance of Having Knowledge of the Make in India Campaign?

It is highly important for the students and the common people to remain updated about the latest occurrences that are taking place and are considered highly important in terms of the growth and development of the nation. The students who are appearing for their class examinations may need to answer some questions regarding this topic. 

The students are often asked to deliver a speech on one of the important topics like this. They are often asked to write essays. In order to write a particular essay, the students need to have at least some basic information on the topic. To know more about such campaigns, the students should build the habit of reading newspapers and following the latest blogs and articles published on the websites.

There are various articles published on the website of Vedantu that deal with different topics and social awareness movements. There are also some reference books available on the website that can provide them with the key concepts in detail so that they can develop their thought process and rational thinking ability depending on that.

FAQs on Make in India Essay

1. Who Launched The ‘Make In India’ Campaign?

Narendra Modi launched the ‘Make in India’ campaign on 25th September 2014.

2. What is the objective of ‘Make in India’?

‘Make in India’ campaign aims at attracting foreign companies to set up factories in India and invest in the country’s infrastructure. The main objective was to create employment opportunities for the huge population.

3. What Does The Logo Of The Lion Signify?

The lion in the logo signifies strength and power while the wheels on the body of the lion are a sign of development and progress.

4. What are the Advantages of the Campaign ‘Make in India’?

The Advantages of the campaign are: Employment opportunities for a huge population.

Boost the economic growth of the country

Attract more foreign investments

Global recognition.

5. Can any individual use the Make in India logo on the products?

This particular logo cannot be used by any individual without the permission of DIPP. If any individual entrepreneur or marketer wants to use the Make in India logo on their products they need to take permission from DIPP by following proper legal procedures. Only after the Government of India allows them to do so, can they use the particular logo. To know more about the Make in India products, go through the articles published on the website of Vedantu.

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Make Your Note

Assessment of Make In India

• 23 Jan 2020
• Growth & Development
• Government Policies & Interventions

This article is based on “Why ‘Make in India’ has failed” which was published in The Hindu on 20/01/2020. It makes an assessment of Make in India initiative.

On September 25, 2014, the Indian government announced the ‘Make in India’ initiative to encourage manufacturing in India and galvanize the economy with dedicated investments in manufacturing and services.

Following this India emerged as the top destination for foreign direct investment, surpassing the U.S. and China. Also, in line with the national programme, the States too launched their own initiatives. However, even after five years, the manufacturing sector, in particular, is on a slippery slope.

Make in India is designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure to make India a global manufacturing hub. To achieve this goal, targets were identified and policies outlined.

• To increase the manufacturing sector’s growth rate to 12-14% per annum in order to increase the sector’s share in the economy.
• To create 100 million additional manufacturing jobs in the economy by 2022.
• To ensure that the manufacturing sector’s contribution to GDP is increased to 25% by 2022 (revised to 2025) from the current 15-16%.

Policy changes by Make in India were intended to usher growth in three key variables of the manufacturing sector — investments, output, and employment growth. Therefore, the success of Make in India can be judged by these 3 factors.

• According to Economic Survey 2018-19, Gross fixed capital formation (a measure of aggregate investment) of the private sector, declined to 28.6% of GDP in 2017-18 from 31.3% in 2013-14.
• In fact, the data show that for a majority of the months, it was 3% or below and even negative for some months.
• Employment: According to a government report, the unemployment rate in India is highest in 45 years. Moreover, Industrial employment has not grown to keep pace with the rate of new entries into the labour market.

The key stated outcomes were to increase the share of the manufacturing sector to 25% of GDP and to create 100 million additional jobs in the manufacturing sector by 2022. Clearly, both have not happened and going by the increasingly gloomy predictions for GDP growth, unlikely to happen by the target year.

Manufacturing’s share of GDP, currently a shade under 15-16%, is not likely to increase significantly over the next two years.

Reason for failure on these fronts

• Make in India relied too much on foreign capital for investments and global markets for produce. This created an inbuilt uncertainty, as domestic production had to be planned according to the demand and supply conditions elsewhere.
• It brought in too many sectors into its fold, this led to a loss of policy focus. Further, the majority of sectors that make in India focuses, lacks comparative advantages of the domestic economy.
• This has led to a scenario where there is a quantum jump in the ‘ease of doing business’ ranking , but investments are still to arrive.

Current Account Deficit: The current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports.

Fiscal Deficit: A fiscal deficit is a shortfall in a government's income compared with its spending. The government that has a fiscal deficit is spending beyond its means.

Implementation Deficit describe a lack of decisive action in introducing proposed measures

• Investment crunch partly can be attributed to the decline in the savings rate in the economy and partly due to NPA crisis in the Banking sector.
• Historically India has not achieved this rate of industrial growth and to expect to build capabilities for such a quantum jump is perhaps an enormous overestimation of the implementation capacity of the Indian industries.
• Further, the uncertainties of the global economy and ever-rising trade protectionism, jeopardise the success of Make in India.
• Even though India is among the world’s top FDI destinations, garnering inflows of $49 billion in 2019, However, FDI inflows are more directed towards the capital markets. Manufacturing FDI was only around $8 billion in 2019.

Several initiatives have been launched by the Government in the last two years, such as ‘Make in India’, ‘Start-up India’ , ‘Skill India’ , ‘Digital India’ etc. with an aim to make India the number one destination for global FDI and to improve ‘Ease of Doing Business’ in India. However, grand initiatives such as ‘Make in India’ usually have long gestation periods and assessments of such initiatives in a short span can be premature.

In this context, Make in India needs to be backed up by structural reforms like easing land acquisition, reforming labour laws, etc. Addressing the Implementation deficit can be the first step in this direction.