Make in India is an initiative by the Government of India to encourage companies to manufacture in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement and aimed “to transform India into a global design and manufacturing hub.”

“Make in India” had three stated objectives:

• To increase the manufacturing sector’s growth rate to 12-14% per annum;
• 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% by2022 (later revised to 2025).

Make in India Schemes

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

1. Skill India

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

2. 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.

3. 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.

4. 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, pension in an affordable manner. Click the linked article to know more about Pradhan Mantri Jan Dhan Yojana (PMJDY).

5. Smart Cities

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

6. 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.

7. Sagarmala

This scheme aims at developing ports and promoting port-led development in the country.