This paper is published in Volume-3, Issue-4, 2017
Area
Management
Author
Vikas Pathak, Dr. Pramesh Gautam
Org/Univ
Swami Vivekanand University, Patheriya, Madhya Pradesh, India
Pub. Date
29 August, 2017
Paper ID
V3I4-1344
Publisher
Keywords
Make in India

Citationsacebook

IEEE
Vikas Pathak, Dr. Pramesh Gautam. A Critical Study on Make in India Program of NDA Government Special Reference To Tech India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Vikas Pathak, Dr. Pramesh Gautam (2017). A Critical Study on Make in India Program of NDA Government Special Reference To Tech India. International Journal of Advance Research, Ideas and Innovations in Technology, 3(4) www.IJARIIT.com.

MLA
Vikas Pathak, Dr. Pramesh Gautam. "A Critical Study on Make in India Program of NDA Government Special Reference To Tech India." International Journal of Advance Research, Ideas and Innovations in Technology 3.4 (2017). www.IJARIIT.com.

Abstract

Honorable PM Mr. Narendra Modi in an event in Vigyan Bhawan, New Delhi on September 25,2014 launched ‘Make in India’ program, which is a major national initiative which focuses on making India a global manufacturing hub. Idea is to develop infrastructure without delays and make it very easy for the companies to do business in India along with support to existing industries in the nation. The manufacturing sector which is currently contributing to 15% of the country’s Gross Domestic Products Needs to be improved to 25% in next couple of years. Also eliminating lengthy laws and regulations, bureaucratic processes needs to be shortened , make government more transparent toward public. In this regime manufacturing will improve opportunities of investments, investments will improve skills, need of specific skill will improve employment, employment will improve purchasing power of the youth and once again there will be a demand of manufacturing goods, its growth and obviously the growth of the nation. Apart from manufacturing Initiatives , National Investments Schemes, creation of Industrial corridors, Development of smart Cities and FDI (Foreign Direct Investment) in important sectors like Defense, construction and Railways are taken into consideration. To support PM’s mission there is a need of skill Development in different sectors. These skills are based on current industry needs and todays changing environments. Flexibility in labor laws, formation of new agencies, defining objectives and roles are the key points taken into consideration.