UPSC Knowledge nugget of the day: 10 years of Make In India

Here are the tidbits on Make In India – the government’s initiative aiming to give impetus to manufacturing in India and make India a Global Manufacturing Hub. Take a look at the essential concepts, terms, quotes or phenomena everyday and brush up your knowledge. Here’s your knowledge nugget for today.

Knowledge Nugget: 10 years of Make In India

Subject: Government schemes and policies

WHY IN NEWS ?

The “Make in India” initiative has completed 10 years. It was launched by Prime Minister Narendra Modi on September 25, 2014.

KEY TAKEAWAYS :

1. The ‘Make in India’ campaign aims to facilitate investment, foster innovation, enhance skill development, protect intellectual property & build best in class manufacturing infrastructure.

2. “Make in India” was designed to transform India into a global hub for design and manufacturing.

3. Seen as an important ‘Vocal for Local’ initiative, its objective is twofold. Firstly, to boost India’s manufacturing capabilities and secondly to showcase its industrial potential on a global stage.

4. The “Make in India 2.0” phase encompassing 27 sectors – both manufacruring and service.

4 pillars of “Make in India” initiative:

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New Processes: To enhance the business environment, promote entrepreneurship and startups – ‘ease of doing business’ became a crucial factor.

New Infrastructure:Development of industrial corridors, smart cities, integrating state-of-the-art technology and high-speed communication to create world-class infrastructure, improving intellectual property rights (IPR) infrastructure etc.

New Sectors: Opening of Foreign Direct Investment (FDI) in sectors like Defence Production, Insurance, Medical Devices, Construction, and Railway infrastructure.

New Mindset: In order to support industrial growth and innovation – the government embraced a role as a facilitator rather than a regulator. The Government partners with industry in the economic development of the country.

Key Initiatives to enable Make In India initiative

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Production linked Incentive (PLI) Schemes:The primary goals of the PLI Schemes are to attract substantial investments, incorporate advanced technology, and ensure operational efficiency. These schemes cover 14 key sectors aimed at fostering investment in cutting-edge technology and promoting global competitiveness.

PM GatiShakti: It is a strategic initiative aimed at achieving Aatmanirbhar Bharat and a US $5 trillion economy by 2025 through the creation of multimodal and last-mile connectivity infrastructure. PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by 7 engines, namely:

Railways
Roads
Ports
Waterways
Airports
Mass Transport
Logistics Infrastructure

Semiconductor Ecosystem Development: It encompasses four key schemes:

Modified Scheme for Setting Up Semiconductor Fabs in India
Modified Scheme for Setting Up Display Fabs in India
Modified Scheme for Setting Up Compound Semiconductors, Silicon Photonics, Sensors Fabs, and Discrete Semiconductors, along with Semiconductor Assembly, Testing, Marking, and Packaging (ATMP) / OSAT Facilities in India
Design Linked Incentive (DLI) Scheme

Knowledge nugget | PARAM Rudra

It aims to foster the development of a sustainable semiconductor and display ecosystem in the country.

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The Semicon India Programme aims to provide a significant impetus to semiconductor and display manufacturing by facilitating capital support and promoting technological collaborations.

National Logistics Policy: Introduced to complement the PM GatiShakti National Master Plan. It focusses on enhancing the soft infrastructure of India’s logistics sector.

The Comprehensive Logistics Action Plan (CLAP) was rolled out. The key areas which it addresses are logistics systems, standardization, human resource development, state engagement, and logistics parks.

The National Industrial Corridor Development Programme: Aims to create “Smart Cities” and advanced industrial hubs.

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Startup India: Several programs aimed at supporting entrepreneurs, building a robust startup ecosystem, and transforming India into a country of job creators instead of job seekers were rolled out.

Implementation of the Goods and Services Tax (GST): As India’s tax reforms, it is seen as crucial in the context of the Make in India initiative.

Unified Payments Interface: For India’s digital economy growth, it is seen as one of the key initiatives to enable ease of doing business.

Ease of Doing Business: The efforts aim to simplify regulations, reduce bureaucratic hurdles, and create a more business-friendly environment, significantly boosting investor confidence and supporting the objectives of the Make in India initiative.

(Source: http://www.pmindia.gov.in, pib)

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Manas Srivastava

Manas Srivastava leads the UPSC Essentials section of The Indian Express (digital). He majorly writes on UPSC, other competitive exams and education-related projects. In the past, Manas has represented India at the G-20 Youth Summit in Mexico. He is a former member of the Youth Council, GOI. A two-time topper/gold medallist in History (both in graduation and post-graduation) from Delhi University, he has mentored and taught UPSC aspirants for more than five years. His diverse role in The Indian Express consists of writing, editing, anchoring/ hosting, interviewing experts, and curating and simplifying news for the benefit of students. He hosts the YouTube talk show called ‘Art and Culture with Devdutt Pattanaik’ and a LIVE series on Instagram and YouTube called ‘LIVE with Manas’.His talks on ‘How to read a newspaper’ focus on newspaper reading as an essential habit for students. His articles and videos aim at finding solutions to the general queries of students and hence he believes in being students' editor, preparing them not just for any exam but helping them to become informed citizens. This is where he makes his teaching profession meet journalism. He is also the editor of UPSC Essentials' monthly magazine for the aspirants. He is a recipient of the Dip Chand Memorial Award, the Lala Ram Mohan Prize and Prof. Papiya Ghosh Memorial Prize for academic excellence. He was also awarded the University’s Post-Graduate Scholarship for pursuing M.A. in History where he chose to specialise in Ancient India due to his keen interest in Archaeology. He has also successfully completed a Certificate course on Women’s Studies by the Women’s Studies Development Centre, DU. As a part of N.S.S in the past, Manas has worked with national and international organisations and has shown keen interest and active participation in Social Service. He has led and been a part of projects involving areas such as gender sensitisation, persons with disability, helping slum dwellers, environment, adopting our heritage programme. He has also presented a case study on ‘Psychological stress among students’ at ICSQCC- Sri Lanka. As a compere for seminars and other events he likes to keep his orating hobby alive. His interests also lie in International Relations, Governance, Social issues, Essays and poetry. ... Read More

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Knowledge nugget of the day: 10 years of Make In India

Launched by Prime Minister Narendra Modi a decade ago, what is 'Make in India' which aims to to make India a Global Manufacturing Hub. Let's have a look.

Knowledge Nugget: 10 years of Make In India

Subject: Government schemes and policies

WHY IN NEWS ?

KEY TAKEAWAYS :