Sunday, November 29, 2015

Will Make in India work or will it be just a campaign?

                      Make in India is  for investors to come and invest in Indian growth.
Instead of naming it Made in India, it is make in India. It focuses mainly to make in India in the present rather than “made” which is past. 
                     The manufacturing sector has faced a creeping rut over the past decade in India. Anyone who wishes to enter Indian market may contemplate many problems like government clearances, land acquisition and skill gap between workers. But when our Prime Minister Mr. Narendra Modi unveiled the Make in India program on 25th September, he  tried to assure the foreign investors that the problems that they face in doing business will not be there.
                      Indeed the Make in India has been fairly successful at its inception, if we analyze the buzz that it has created not only in India but throughout the world too.
Here are some numbers.



















                               But there is lot to be done for it to actually work in India. The skill set of people must be improved, speedy approvals of different documents, a corruption free environment , flexible labor laws and a lot more.
How well Modi ji is going to implement the ‘sayings’ into actions and how fast it is going to happen,  is only for us to wait and see. But the initial buzz gives way for hope.

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