Satish Kumar V, Co-Founder & CEO at EverestIMS Technologies Pvt Ltd.
Make in India is a supreme initiative taken up by Indian government to accelerate the country's economy. Successfully completing the 4-year mark from its launch, it has made an accountable growth in the GDP. With its effective campaigns, it has encouraged both multi-national and domestic industrialists across the globe to invest in India and manufacture their products here. This move resulted in an exponential raise in the home production/ local manufacturing hubs.
The primary objective of this initiative is to strengthen India's IT & manufacturing sector. We can observe a paradigmatic shift in the Government policies and bureaucratic processes. Elimination of unnecessary laws helped to carry-out regulatory clearances faster. By cutting down the taxes for startups, India has positioned as the 3rd IT start-up hub in promoting various technologies. This step has played an integral role in facilitating jobs and nurturing innovative skills among the youth of India.
As EverestIMS, being an Indian based software company, specialized in providing software offerings for Unified IT Infra Management and ITSM, we feel proud/honored to work on the lines of Make in India initiative. It has boosted up our business by tackling the SMB segment of India and also assisted in making our foot prints into the government sector. With the government's recommendation on Make in India products, EverestIMS has become a primary vendor of Infrastructure Management Solutions for industry giants in Telco, PSU & BFSI sectors.
Establishment of local R&D centers has increased the utilization of Indian software engineering skills, resulting in the raise of youth employment. The initiative also provided a platform to enhance the skillset of the workforce with regards to the technology trends/market trends.
Make in India has totally changed the perspective of Indian market. Today, we see a lot of demand for Indian products as it has built confidence in customers across the globe to use Indian products. Indeed, it has become the largest and fast-growing government initiative ever!
Rajarshi Bhattacharyya, Country Head at SUSE
"Make in India has given an enormous boost in the domestic manufacturing sector that has slowly resulted in the sustainable growth of GDP. With the increased domestic business growth, the consumption of the IT OEM Software has increased drastically. SUSE in India has been growing phenomenally for the last 4 years and that growth is primarily powered by the growth in the Manufacturing Sector. Our Business in the BFSI market has also tripled in the last 4 years. Other Industry segments are also growing at equally significant rate. Make in India is the much-required initiative that the business required to ensure sustainable growth in the country."
Ravi Raj, Brand Head Director, Sales & Support at NetRack
With the launch of Make in India initiative taken in the year 2014, the government realized specially to boost the Electronics and IT Hardware manufacturing (ESDM) sector to achieve the goal of zero imports by 2020. Of course, since its inception, there have been fundamental changes observed in the landscape and the business models of ESDM industry in India.
We at NetRack believe that major steps like digital revolution and the dedicated commitment of using technology, along with this initiative, have opened-up the huge avenues for ESDM industry to manufacture innovative products and offer solution across the country. In order to see a large shift to high value-added product-based model in the ESDM sector, we think that fabless ecosystem requires the maximum support from both the government and the other industry bodies by focusing on design and intellectual property ownership in terms of boosting and scaling up the sector within the country.
However, it is one of the golden opportunities, helping to put India on the globe of becoming the design-led electronics manufacturing hub and attract investments and create skillful jobs in the country. Moreover, it also adds value to push the trade policies to the robust Indian economy.
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