Thursday 21 July 2016

Make in India: Objective, Benefits, Feature--(Topic useful for SBI MAIN PAPER)

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Make in India Campaign Objective

Ultimate objective to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and set up factories and expand their facilities in India and use India’s highly talented and skilled manpower to create world class zero defect products. Mission is to manufacture in India and sell the products worldwide.

How this would be achieved

Skill development programs would be launched especially for people from rural and poor ones from urban cities
25 key sectors have been short listed such as telecommunications, power, automobile, tourism, pharmaceuticals and others
Individuals aged 15-35 years would get high quality training in the following key areas such as welding, masonries, painting, nursing to help elder people
Skill certifications would be given to make training process, a standard. Currently manufacturing in India suffers due to low productivity rigid laws and poor infrastructure resulting in low quality products getting manufactured.
Over 1000 training centres would be opened across India in the next 2 years
For companies setting up factories, “Invest India” unit is being set-up in the commerce department which would be available 24/7. The main focus of this department would be to make doing business in India easy by making all the approval processes simpler and resolving the issues in getting regulatory clearances within 48-72 hours so that clearances are fast. To make this possible, special team would be available to answer all the queries related to help foreign investors/companies.
The e-biz portal would be soon launched which would be real time and available 24*7
Benefits

This will help in creating job market for over 10 million people in India
Manufacturing done here would boost India’s GDP, trade and economic growth

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EXAM DATES:
CWE PO/MT-VI

Preliminary Examination 16.10.2016, 22.10.2016 & 23.10.2016
Main Examination 20.11.2016.
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