MAKE IN INDIA

Make in India is an initiative of the government of India, to encourage companies to invest in the manufacturing sector in India. It was launched by prime minister, Narendra Modi on 25 september 2014.

The major objectives behind the initiative is to focus on 25 sectors of the economy for job creation and skill enhancement. some of these sectors are: Automobiles, Chemicals, IT,Pharmaceuticals, Textiles, Ports, Aviation , Leather , Tourism and Hospitality, Wellness, Railways, Auto componets, Manufacturing, Renewable energy, Mining, Bio-technology and electronics.The initiative hopes to increase GDP growth and tax revenue. The initiative also aims at high quality standards and minimising the impact on the environment. The intiative hopes to attract Capital and technological investment in India. 

The 'Make in India' Campaign to be launched by prime minister Narendra modi on september 25 will eventually take up policy reforms involving changes in laws to ensure ease of doing business in the country. An infrastructure push and tax issues are also on the cards, with the setting up of an eight member expert panel by department of industrial policy and promotion. Besides interfacing with Investors, team Invest India will also work with Central and states departments to resolve policy and other issues

Starting a business in India at present needs an entrepreneur to follow 12 procedures, which on an average take 27 days. Similarly , enforcing contracts takes years, the official said adding that these need to be streamlined. The latest world bank report on the ease of doing business placed India at the 134th rank out of 189 economies on various parameters relating to business and regulatory environment.