(Submitted Article)

Make In India to Make India

-Jicky Chacko
College of Agriculture, Vellayani

"I tell the world, 'Make in India'. Sell anywhere but manufacture here. We have the
skill and talent for it".
- P.M Narendra Modi

Source: outlookindia.com
Gazing through the success trends in the history, the best lessons are taught by the
opponents. And we are wise enough to learn from the colonial masters who looted our
resources to manufacture in their own hubs and packed off the products back to us. Decades
after they left our land, the wisest quest of 'Why not we make in India?' arose. 'Make in India'
is a flagship initiative under the Government of India, launched on 25th September 2014.
With an innate strength to uplift the domestic markets in our country, it retains a long time
vision of ultimately evolving India into a global manufacturing hub. Self Reliance is a need of
the hour, when seen through the eyes of national security.

A New Face to Secondary sector

The industrialisation flourished through globalisation and liberalisation in the
nearest past. 'Make in India' fueled the fire of progress, enhancing the growth of established
industries and opening up way to more startups. Along with the fostering of diversified
industries, research and innovations are promoted for recurring the ongoing process. Global
supply chains are integrated through the knots of Indian industries. Modernisation of
industries by embracing AI, IoT and automation, uplifts our factories to global standards.
New processes, new infrastructure, new sectors and new mindset are the four pillars of our
campaign. Skillful training of 10 millions annually through 'Skill India' and building a
digitally empowered economy through 'Digital India' were the right decisions at the right
time. The collaborations and global partnerships with the strong allies attracted high value
industries inside our boundaries. Technology transfer, knowledge sharing and market access
created a win-win situation between the partners. India's rank in the World Banks 'ease of
doing business' reached 63rd position in 2019 from 130th position in a span of 3 years, that
too among 190 countries.

Image courtesy: All India Radio

Atmanirbhar Bharat
The danger of dependence awakened our nation during the COVID-19 pandemic,
while the global supply chain disrupted worldwide. Being a pool of the most valuable
resources, our country could cut down the import of raw materials by encouraging the
primary sector a bit more. The substantial accomplishments across the 27 sectors of industries
are still on the track. The calculated vision to raise the contribution of manufacturing sector
from 17.4% in 2014 to 25% by 2025, is continuing its progressive voyage. The government
supports in the form of innovative leaps and investments, made the journey smooth and ease.

Vocal for Local

'Make in India' is raising a positive signboard to the local and cottage industries,
creating employment opportunities for millions. It is a way to prosperity through our own
resources. The reinforcement of our small, medium and large enterprises could uphold and
utilize our own human and other forms of resources. The pharmaceutical sector witnessed the
growth of companies like Sun Pharma, Dr. Reddy's Laboratories, etc.. as a motive force to
upcoming markets. The textile industries always finds a special place through tourism and
global exports. The startup ecosystem witnessed the growth of service sectors like Ola,
Zomato, Paytm, etc. fueling the growth of secondary sector too.
Into a Global Factory
Let's make it here and sell it to them. It's time rethink about the possibilities of
establishing the global factory in our own homeland. India's export of toys reached an overall
growth of 636% over a decade. Increasing productivity, maintaining supreme quality and
reducing costs are some of the small steps for giant leaps in this scenario. The automobile
sector including the Tata Motors, Mahindra & Mahindra, etc. established a name and fame,
even while the exotic motors presented a tight competition. The defence sector remains
inevitably strong while establishing partnership with foreign companies. The aerospace
industry too opened up space for private ventures like Space X and Blue Origin. The focus on
reducing carbon footprints, along with environment consciousness and resource utilisation
could make us an inevitable choice.
Economic Upswings
The major economic uptrend obtained in this scenario is through Foreign Direct
Investment (FDI). In 2015, India surpassed China to become the top destination of FDI in
Asia. Attracting more MNCs to participate in this 'Make in India' campaign is providing a
direct entry for FDI from 101 countries to be invested across 31 UTs and States. FDI inflow
marked up from US dollar 45.15 billion in 2014-15 to 83.6 billion in 2021-22. Sectors like
semiconductors and electric vehicles need to evolve from 'taking' to 'making' the foreign
services. The paradigm shift of government from 'restrictions' to 'initiations' flourished the
trade sector. The increase in inflow of FDI could tremendously enhance the value of Rupee.
'Make in India' is one of the best decisions, since we are fortunate to possess the
materials required. Along with the magnetic effect towards FDI, it could root out the curse of
unemployment and emerge as the Global leader of processing. Being self reliant, it could
even evolve into a helping hand to rely upon for the global partners. As an overall result, it is
time to witness 'India first'!

References

• Pmindia.gov.in
• Timesofindia.com
• Ministry of Commerce and Industry (Official website)
• Makeinindia.com
Source: makeinindia.com