Sub-topic: Economic policy,

Foreign investments.

http://iosrjournals.org/iosr-jbm/papers/Vol17-issue2/Version-4/D017242024.pdf

http://www.thehindu.com/business/Industry/come-make-in-india/article6365333.ece

http://www.thehindu.com/business/Industry/come-make-in-india/article6365333.ece

http://yourstory.com/2014/09/make-in-india-narendra-modi/

https://www.youtube.com/watch?v=u-fdewYiOio

summary-

Althugh India's global manufacturing has grown, our relative share in Indian economy has not changed.The number of jobs in India has also remained low over the last twenty years.Countries like China,Indonesia have edged over India in cost competitiveness.

For "Make In India" to become a success, India is to address comeptitiveness in non-cost factors like business environment and attract investor confidence.

To lead a manufacturing led transformation, India would need to undertake a well planned and structured approach.

-Sanjana Kunde

subtopic-employment

2 http://economictimes.indiatimes.com/news/economy/infrastructure/boost-to-make-in-india-campaign-first-national-investment-and-manufacturing-zone-to-come-up-in-andhra-pradesh/articleshow/49038232.cms

3 http://www.thehindu.com/opinion/editorial/showcasing-make-in-india/article6450220.ece

4 http://timesofindia.indiatimes.com/business/india-business/Make-in-India-drive-to-boost-manufacturing/articleshow/41237295.cms

5 http://articles.economictimes.indiatimes.com/2014-09-25/news/54317795_1_pm-narendra-modi-growth-pmo-india

6 http://www.wsj.com/articles/narendra-modi-an-invitation-to-make-in-india-1411687511

7 http://employmentnews.gov.in/webmake.pdf

K.V.J HARIKA

SUB TOPIC:MANUFACTURING

There is a need of reforms in industrial strategies to make India a manufacturing hub.Developing India as a manufacturing hub is not only required to earn a bright place in the eyes of foreign countries but is also necessary in the development of manufacturing sector and also in making 'MAKE IN INDIA 'campaign a success.

• Key aims of the programme would be on cutting down the delays in manufacturing project clearance,develop adequate infrastructure.
• 'MAKE IN INDIA' is a step to usher in increased manufacturing in the country which will ultimately generate more employment oppurtunities for the poor and give them a greater purchasing power
• The domestic as well as global investors have been urged not to look at India merely as a market ,but as an 'oppurtunity'.
• The objective of the mega programme is to ensure that the manufacturing sector which contributes about 15% of the country's gross domestic products is increased to 25% in the next few years.   - -K.V.J.HARIKA

Since our childhood we have been told and made to accept that India is a developing country.

But, how long will it be in this developing phase?

The time is ripe. More than 65%  of the Indian population is less than 35 years of age.With such a large proportion of young and energitic human resource, this is the perfect time to work for our country’s advancement and to see India as a developed country .

 Why do you have to do something for your country? Why should you invest or work here when a fancy multi-national company is ready to pay a handsome amount? Why should you bother about all this economic and global competition statistics ,when life moves on unperturbed and struggle for every little thing has become the part and parcel of life?  These are the common perceptions of almost 50%  of the present day youth.

The answer is, to create a better  living and up-to-date lifestyle in your own motherland rather than  putting all your efforts in a fancy multi-national company that directs its financial assets to a foreign country...Do it here! You need not scrape by on dollars.Indian rupee has the potential to dictate the world trade. But, to make this possible, its dear citizens should come out of their comfort zone and experiment. So, let us put in our skill and potential to help India reach the highest level on development scale. Let us MAKE IN INDIA!

The MAKE IN INDIA program created an altogether different channel for India's manufacturing policy- aiming at industrial expansion and thereby boosting employment opportunities and overall growth. It has been started by our current Prime Minister Mr.Narendra Modi on 25th September 2014.

Yes, it was initiated. But where did it lead to?

There were slight changes in the government's policy towards domestic and foreign investments.It is not sufficient. There is a long way to go! Investors and manufacturers should feel more secure to put in huge amounts of money. The government needs to create that environment. In order to ensure cheap and easier credit availability to manufacturing houses, the government should relax certain norms and regulations governing the banks.

Now, where does common man come into picture?

Domestic manufacturers and investors should be ready to risk new ventures and expand in-house manufacturing units, rather than solely depending on foreign manufacturers .It is good to strike a balance between foreign collaborations and franchise and local manufacturing industry. They should be effective enough to deliver quality products.

Quality and publicity are essential to satisfy the demands and reach the expectations of the consumer. They are also very essential to expand the market to national and international levels.

When did this entire campaign start?

This campaign was started on 25th January,2015 by our prime minister, Narendra Modi.

What does the above document tell us?

It gives us an insight into the need for such a campaign in this competitive world.

Why should we know anything about it?

Because it is our responsibility to make our country a potential competitor in this world.

How has the campaign advanced?

Although, there has not been a significant change yet , small developments have been taking place in various fields like electronics, chemicals and chemical products etc.

Firstly,as  future citizens of this nation ,It is our responsibility to contribute to the development of this nation in any  way possible.And' make in India' is a campaign that aims at the development of the indian economy through manufacturing and employment.

How can the importance of developing nation be communicated to the public?

Today’s children are tomorrow’s citizens.

The campaign ‘make in india ‘was launched by the prime minister of india Narendra Modi on 25^th sept 2014.

And on 29^th dec a workshop was conducted regarding the programme which was attended by modi and the cabinet ministers.

It is a campaign initiated to encourage global and domestic companies to start manufacturing goods in India .

K.V.J.HARIKA

So, for this discussion, I refer to soft copies of related articles from The Hindu, Economic Times etc. As my discussion focuses on economic policy and foreign investments, I refer to a specific journal on 'Role of HR and Financial Services in Making “Make in India” Campaign a Success'. I found this journal on the internet.

Authors

Samridhi Goyal (Asst. Professor with DeshBhagat College, Bardwal, Dhuri Punjab, India),

Prabhjot Kaur (Asst. Professor with S.G.G.S. Khalsa College Mahilpur, Hoshiarpur, Punjab, India) ,

Kawalpreet Singh (Manager (H.R and Admin) with SARLI Technologies, Amritsar, Punjab, India)

2)http://www.thehindu.com/business/Industry/come-make-in-india/article6365333.ece

Come, Make In India

For the bettern understanding of this campaign and its ideas, I referred to national newspapers like, "the Hindu" andhave followed a few speeches of Mr. Narendra Modi on youtube.

Apart from this, the links have been taken from the internet.

1.Arindam Bhattacharya, Arun Bruce, Anirban Mukherjee for Boston Consulting Group

2.AV.Ganesh for "The Hindu"

3. Alok Soni

Abstract: A short piece of writing containing the main ideas in a document.

Leveraged: To get as much advantage as possible from something that you have.

Militate: To make it difficult for something to happen or exist.

Capitalizing: To provide a company etc. with the money it needs to function.

Debentures: An official document that is given by a company, showing it has borrowed money from a person and stating the interest payments that it will make to him or her.

2)Economic growth implies development. Helps in addressing the needs of citizens effectively.

3) In-house manufacturing reduces the taxes on goods, and cuts down import taxes and custom duties.

4) Most importantly, more and more jobs will be created, minimizing the unemployment problem.

2)In order to ensure cheap and easier credit availability to manufacturing houses, the government should relax certain norms and regulations governing the banks.

3) Quick financial services should be provided, in order to maitain the steady flow of money.

4)However, there should also be a regulatory system to control corruption and other activities, which hinder growth and development.

5)Financial advisers also play a key role in helping the industrialists to make a better choice.

Yes, they are! It might take time to set-up that investor and manufacturer-friendly environment. But, firstly, we need to experiment and initiate the financial services to move further in our mission. Availability of skilled human resource and development -aimed government, at present, make this seem possible.

Following a development and growth-oriented economic policy will help attract more and more foreign and domestic investments.

Proper and timely financial input is the key player in transforming India into the world's largest manufacturing hub. Because, it all starts with what we put in!

I believe that, very soon, there will be loads of "MADE IN INDIA" products in the global market

trivial-of little value or importance.

tweak-improve (a mechanism or system) by making fine adjustments to it

tenacity-he quality or fact of being able to grip something firmly; grip.

bureaucratic-relating to a system of government in which most of the important decisions are taken by state officials rather than by elected representatives.

consolidation-the quality or state of being united

augment-make (something) greater by adding to it; increase.

12 AUG 2015 2:47AM

BY ANANT VIJAY KALA

WALLSTREET JOURNAL

http://economictimes.indiatimes.com/news/economy/infrastructure/boost-to-make-in-india-campaign-first-national-investment-and-manufacturing-zone-to-come-up-in-andhra-pradesh/articleshow/49038232.cms

By Ruchika Chitravanshi

, ET Bureau |

21 Sep, 2015, 04.00AM IST

ECONOMIC TIMES

http://www.thehindu.com/opinion/editorial/showcasing-make-in-india/article6450220.ece

Updated: September 27, 2014 01:00 IST  

THE HINDU

http://timesofindia.indiatimes.com/business/india-business/Make-in-India-drive-to-boost-manufacturing/articleshow/41237295.cms

Sidhartha, 

TNN |

 Aug 30, 2014, 06.55AM IST

THE TIMES OF INDIA

http://articles.economictimes.indiatimes.com/2014-09-25/news/54317795_1_pm-narendra-modi-growth-pmo-india

ECONOMICTIMES.COM

Sep 25, 2014, 01.31PM IST

http://www.wsj.com/articles/narendra-modi-an-invitation-to-make-in-india-1411687511

By NARENDRA MODI

Sept. 25, 2014 7:25 p.m. ET

http://employmentnews.gov.in/webmake.pdf

SANDIP DAS

-KVJ HARIKA

2. Employment will increase manifold. This will augment the purchasing power of the common Indian, mitigate poverty and expand the consumer base for companies. Besides, it will help in reducing brain drain.
3. Foreign investment will bring technical expertise and creative skills along with foreign capital. The concomitant credit rating upgrade will further woo investors.

4.Make in India is intended to make India a manufacturing hub of the world

-KVJ HARIKA

Make in India is an ambitious project, but it is one that India desperately needs to kickstart and sustain its growth momentum. With relentless policies towards this end, it is possible to make India the powerhouse of manufacturing sector in the world. Although a sound beginning has been made for the Make in India campaign, now the ball is in the government’s court to ensure its success.

To make them Potential enough for International standards they must be educated to that level. So we can have education coming from foreign companies. This will also improve our relations with them.