tailieunhanh - Transforming India into a global manufacturing hub in the era of make in India: government initiatives and accomplishments

Make in India is a program launched by the Prime Minister in September 2014 to make India as one of the leading manufacturing hub in the world by raising its contribution from 16% at present to 25% of GDP by the year 2020. | Transforming India into a global manufacturing hub in the era of make in India government initiatives and accomplishments International Journal of Management IJM Volume 8 Issue 4 July August 2017 65 Article ID IJM_08_04_008 Available online at http ijm JType IJM amp VType 8 amp IType 4 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication TRANSFORMING INDIA INTO A GLOBAL MANUFACTURING HUB IN THE ERA OF MAKE IN INDIA GOVERNMENT INITIATIVES AND ACCOMPLISHMENTS Richa Awasthi Research Scholar Department of Commerce Lucknow University Lucknow ABSTRACT Make in India is a program launched by the Prime Minister in September 2014 to make India as one of the leading manufacturing hub in the world by raising its contribution from 16 at present to 25 of GDP by the year 2020. Some of the initiatives taken to enhance the share to 25 by the Government are crores package for the textile sector to make India more competitive than Bangladesh amp Vietnam in the global market prioritizing indigenously made defense products and 25 share of defense production will be open for private firms creation of Technology Acquisition And Development Fund to promote clean green and energy efficient technologies by MSME Government to invest 10 Billion US dollar in two semi conductor plants to facilitate electronics manufacturing in the country and providing loans to small scale enterprises under Pradhan Mantri Mudra Yojna. The net impact of these initiatives is the investment commitments by Multinational and Indian Companies to the tune of trillion Rupees. Some of the global giants who have made these commitments are- GE Siemens HTC Toshiba Boeing LeEco Zopo Mobile Huwaei Force Motors etc. Some of these commitments have been realized. As per the available estimates in September 2016 FDI inflow in electronic manufacturing sector alone is of the order crores in 2016