Like power and railways, defence is one of the major sectors that came into limelight due to the policy reforms. Speaking on the same, Jayaraman shared, "The ‘Make in India' initiative has opened a plethora of opportunities for Indian and foreign companies alike. Private sector and SMEs are building base to become part of the global supply chain of the world's multi-billion defence market. In order to further boost the initiative, all three key stakeholders - the government, foreign OEMs and the private domestic Indian industry, needs to play their respective parts to perfection. It is important to not just focus on manufacturing and technology transfer but also on creating a broader ecosystem that includes co-design, co-development, co-manufacturing and support. This entails capability creation and skilling rather than just technology transfer and it is something that Rolls-Royce considers as one of its core strengths."

While foreign investment is important, contribution of Indian manufacturers towards Make in India cannot be neglected. Highlighting this point, Cooper informed, "We are in line of manufacturing engine components such cylinder liners as well as cylinder blocks/heads etc. We also make diesel and CNG engines and have witnessed a substantial increase in demand for our products from various government organisations who previously used to buy imported engines at much higher price. This has been mutually beneficial; for government in terms of savings and for manufacturers it results in increased demand and business. Factors like these have definitely contributed towards making this initiative a great success."

Ease of doing business
In order to enable the manufacturing industry to start and conduct operations smoothly in the country, manufacturers seek support from the policy makers. JCB India set-up an eco-friendly, green manufacturing factory in Jaipur which was inaugurated in November 2014. Narrating an experience on setting up this factory, Jasmeet Singh, Head - Corporate Communications and External Relations, JCB India Ltd shared, "We received excellent support from the Rajasthan Government throughout the journey of setting up this plant. The State Government has created a business-friendly ecosystem with initiatives like single window clearance, and a stable political and economic environment that makes it an attractive
destination for new business."

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