Make in India
Make in India, a type of Swadeshi movement covering 25 sectors of the Indian economy, was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India and enthuse with dedicated investments into manufacturing.
After the launch, India gave investment commitments worth ₹16.40 lakh crore (US$230 billion) and investment inquiries worth of ₹1.5 lakh crore (US$21 billion) between September 2014 to February 2016. As a result, India emerged as the top destination globally in 2015 for foreign direct investment (FDI), surpassing the United States and China, with US$60.1 billion FDI. As per the current policy, 100% Foreign Direct Investment (FDI) is permitted in all 100 sectors, except for Space industry (74%), defence industry (49%) and Media of India (26%). Japan and India had also announced a US$12 billion "Japan-India Make-in-India Special Finance Facility" fund to push investment.
The "Make In India" initiative
Make in India was launched on 25 September 2014 with three major objectives: (a) to increase the manufacturing sector’s growth rate to 12-14% per annum in order to increase the sector’s share in the economy; (b) to create 100 million additional manufacturing jobs in the economy by 2022; and (c) to ensure that the manufacturing sector’s contribution to GDP is increased to 25% by 2022 (later revised to 2025). The policy approach was to create a conducive environment for investments, develop modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement, and aimed "to transform India into a global design and manufacturing hub".
Know MoreList of Sectors covered under the Make in India Plan
- Automobiles
- Auto components
- Aviation
- Biotechnology
- Chemicals
- Construction
- Defense manufacturing
- Electrical machinery
- Electronic system design and manufacturing
- Food processing
- IT and BPM
- Leather
- Media and entertainment
- Mining
- Oil and gas
- Pharmaceuticals
- Ports
- Railways
- Renewable energy
- Roads and highways
- Space
- Textiles
- Thermal power
- Tourism & Hospitality
- Wellness
Agra Fort
Agra Fort is a historical fort in the city of Agra in India. The Agra fort was inscribed as a UNESCO World Heritage site. The fort can be more accurately described as a walled city. It is located in Uttar Pradesh, India.
Golden Temple
The Golden Temple, also known as Harmandir Sahib, meaning "abode of God" Darbār Sahib, meaning "exalted court" is a Gurdwara located in the city of Amritsar, Punjab, India. It is the holiest Gurdwara and the most important pilgrimage site of Sikhism.
The Taj Mahal
The Taj Mahal, Crown of the Palace, is an ivory-white marble mausoleum on the south bank of the Yamuna river in the Indian city of Agra. "The jewel of Muslim art in India and one of the universally admired masterpieces of the world's heritage".