The ‘Make in India’ program was launched on September 25, 2014, with an aim to make India a global hub for manufacturing, research, and innovation and integral part of the global supply chain. There is little doubt that the ‘Make in India’ vision is highly ambitious, with Prime Minister Narendra Modi stating that he hopes to create 100 million jobs by 2021 and spur the development of middle class that will power the Indian economy in the coming years.
This program that is designed to turn India into a “global manufacturing hub” has offered a renewed focus on sectors, including capital goods, IT, auto, defence, pharma and renewable energy to push growth in manufacturing and generate job opportunities under the Make in India version 2.0, as per the National Economic Survey report released earlier in 2018. On its 4th anniversary of ‘Make in India’ initiative, here’s what some of the experts from the technology domain have to say.
– Rajarshi Bhattacharyya, Country Head at SUSE
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.
As the world’s fastest growing economy this fiscal year, India added another feather to its cap. The Make in India initiative was introduced to boost national economy and has achieved much-deserved global recognition. With the economy becoming domestically oriented, the dependency on imports has been scaling down. In fact, the initiative has received its share of international support with global giants like Apple, who embrace it whole-heartedly.
Make in India initiative has also surged up the development of Smart cities across the country which sequentially demanded for more IT and manufacturing hubs locally. This was surely a need for additional work force which led to increase in employment in the country.