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Let the lion roar louder

By Swati Deshpande,

Added 25 May 2017

Make in India has become a buzz word since few years. However, what is the ground reality? Read on to know more.

Throwing light on the Make in India programme as a whole, Singh said, "All these initiatives undertaken by the Government are helping in creating a conducive/healthy business environment in the country. Manufacturing is one of the core sectors to drive the economy and these initiatives have addressed many key issues which will help in streamlining the process."

While summing up, Jayaraman asserted, "The government's overarching theme in terms of ease of doing business has been to minimise government and maximise governance. The fact that the FDI flows into India are on record highs (surged by 60 per cent to $4.68 billion in November 2016 and the inflation is low showcases the efficacy of these reforms and initiatives. In fact, not just for corporates, even for ordinary people, the government is making attempts to simplify their dealings with the government. It's evident from initiatives such as cutting down the procedures for incorporating a company from twelve to six, increasingly focussing on infrastructure development - both social infrastructures such as skill development as well as rural infrastructure such as agriculture and direct benefit transfers. Clearly, these initiatives are bound to create the right ecosystem and give the necessary boost to enable the growth of the overall manufacturing sector in India."

With the bouquet of effort from the Government, the manufacturing industry is all set to take a high leap. And we hope this translates into increased contribution of the manufacturing industry in the country's GDP in the days to come. Going beyond this, the question is - Is it where the journey of Make in India should end? The answer to this is definately No. To take the industry to the next level, the vision for India should be to become Manufacturing Superpower.

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