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Make in India to get a fresh impetus

Make in India to get a fresh impetus
BY- VIBHA SINGH

The new government under the aegis of

Narendra Modi

is planning to work on a fresh strategy to boost the

Make in India

programme.

In the last five years, the government has drastically improved the business climate of the country, pushing it towards the trajectory for high and sustainable growth. From a call-to-action to becoming a platform for national development, the campaign has made its presence felt across the globe.

BOOST TO START-UPS

In the past five years, the campaign has made significant strides in achieving its goals. Rajan Bandelkar, president, National Real Estate Development Council (NAREDCO), Maharashtra is of the view that, “Make in India is the righteous and progressive beginning and it is directly related to income growth of India’s economy and there are many startups which have made progress towards new India.

Even today, we are importing products from foreign countries like Germany, which manufactures technologically advanced products, but lately many Indian companies have come up with their world class products which are posing a tough competition for the imported goods. It may take some time but the beginning has already started to show its effect. If we see where our real estate industry is moving, technology will play a key role which will automatically be beneficial.”

The ‘zero defect zero effect’ phrase which came with Make in India campaign has shown positive impact on the Micro, Small and Medium Enterprises (MSMEs) of India. As a result, many companies are manufacturing goods with ‘zero defects’ and ensuring that the goods have ‘zero effect’ on the environment.

Hence sustainable development in the country is progressing by imposing high-quality manufacturing standards while minimizing environmental and ecological impact.

EASE IN GOVERNMENT CLEARANCES

The implementation of Goods and Services Tax (GST) and demonetization have made the industry as a whole much more transparent and accountable.

It has brought about more transparency into the system. Rajesh Uttamchandani, director, Syska Group, says, “Now the processes have been simplified such as obtaining licenses and clearances that have brought in more transparency into the system. Further streamlining of these processes have encouraged more companies to participate in the Make in India initiative and make a positive contribution to the growth of the Indian economy. Many companies have set up several manufacturing units throughout the country that produce electrical equipment and products such as bulbs, tube lights, panel lights, industrial lights, wires and cables and others.”

Kishan Jain, director, Goldmedal Electricals, says, “The digitization initiative that is part of Make in India has helped make processes much more transparent and easier to implement. At the ground level, we have noticed many companies and customers respond positively to the Made in India tag which was not always the case earlier. The government’s promotion of LED lights and electrification of all villages have given a much needed push to electrical and lighting products. As a result, we are now noticing several new, smaller players being encouraged to join the industry.”


(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of

www.economictimes.com

.)

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