15th of August
1947, on a historic moment Prime Minister Jawaharlal Nehru declared from the ramparts of
red fort “when the world sleeps, India will awake to life and freedom”
68 years
down the lane, the world now stares at India, the fastest growing GDP, the
third highest Purchasing
Power Parity and whopping huge demographic dividend.
Today the
world knows that the future is here, In India.
15th of August 2014, Prime Minister Narendra Modi gave yet another daring call to the world “Come, Make in India”
The
initiative calls upon companies across domains to come to India and set up
their manufacturing facilities
and thereby complement our economy by providing jobs, developing cities and
thus raising the
standard of life of the average Indian.
Launched
officially on the 24th sept 2014, the plan is to invite FDI to boost the
manufacturing industry across domains ranging from Auto to Aero, Energy to
Defence and Space or
even Agro and Food Processing.
It aims to
work in parallel with other schemes of the Govt of India to provide better
innovation, skill enhancement
and youth empowerment.
Today we
are majorly an importing nation. Crude oil being a necessary and unavoidable
commodity, it is a
burning need that we save our money on other imports , Particularly
manufactured goods and spend them
in our country for the betterment of our fellow citizen.
We need to
invest here in our motherland as well as invite others to set up their
facilities so that we
get access
to world class products and technologies at a cheaper premium.
In the
domains of IT Services Indians have already proved their mettle, so is the case
in space
technology.
At the same time, we have the scope to take huge leaps in the other industrial
domains
which could
provide jobs to a huge pool of engineers, technicians, managers, and also the
skilled and
unskilled labourers
that we are developing.
India is pegged to be the 4th largest automotive market in the world; we have an air traffic sector
which is underutilised.The demands
for manufactured goods are increasing day by day and To keep up with the
demands of more than one billion people of this country it is necessary that we
provide full thrust on “Make in India”.
Currently
India is the World largest importer of defence equipments. Our Hostile
neighbourhood
mandates us
to have them. There is a need to spend more on indigenisation and defence manufacturing
sectors.
Recently we
signed deals to import fighter jets from France worth billions of dollars.
Friends,
don’t you think it is justified to say that the Indian tax payer’s money would
have been
better
spent if same equipment was manufactured here in India and the money
distributed back to
our workers
as wages?
Our demographic dividend is the largest in the world. We have the maximum number of people in
the world of the age group 25-40 who could earn and spend in the coming years. India is the market
to the world and it makes complete business sense to manufacture near the markets to reduce
operational costs.
With the success of make in india, we the
people of india would have the proud previlage to see a made in india tag that
would replace the conventional made in china on each and every products that we
use daily.
India’s
huge coastal line with a multitude of ports facing the two sides of the world
could enable us
to become
an export hub. Particularly the Middle East and countries of the South China
Sea could be
the target
customers. Make in India thus could be the solution for our never ending need
for imports
and also
the window to increased exports.
I am
confident that this in initiative of the government will turn the eyes of the
giant companies of
the world
towards the opportunities hidden in India .Understandably there are a few major roadblocks;
under skilled workforce, poor infrastructure, red tape bureaucracy and
corruption being
the major
ones. We need to improve fast on all our short comings before this window of
opportunity
closes. We
need to enrich and empower ourselves with skills and challenge the world to
utilise the
resources
we offer.
Let the world know,
when we say Make in India -- We Mean Business.
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