Making India a Global Manufacturing Hub: The Impact of the 'Make in India' Initiative
Make In India Initiative Make in india "Make in India" is a government initiative launched in 2014 by the Prime Minister of India, Narendra Modi, with the goal of turning India into a global manufacturing hub. The initiative aims to increase the share of the manufacturing sector in India's GDP from 16% to 25% by 2025, create 100 million jobs in the manufacturing sector, and attract $100 billion in annual foreign direct investment. One of the main focuses of the initiative is to boost the manufacturing of products in India, rather than importing them. This will not only create jobs and economic growth within the country, but also make India less dependent on foreign countries for its goods. The initiative also aims to make it easier for foreign companies to do business in India by simplifying regulations and procedures, and by improving the overall business environment. The initiative has several key areas of focus, including: Automobiles Pharmaceuticals Renewable ene...