New initiatives ‘Make in India’ and ‘Clean India Mission’ have geared up the socioeconomic feature of the country. Increasing CSR funds and new FDI inflows have been channelized to boost the country’s infrastructure. Suprita Anupam finds out the new market segments coming out of the investments made / being made under these initiatives.
In his Independence Day speech from the ramparts of the Red Fort, Prime Minister Narendra Modi gave a clarion call to all investors of the world, “Come, make in India. Sell in any country of the world, but manufacture here.”
The announcement was followed by three big initiatives: Clean India, Digital India and Make in India. The trio together are the biggest steps ever taken by an Indian PM. This is just the beginning. The foundation is laid. The three schemes are aimed to change the image of India as a country; aimed to cater to the three different segments – Cleaning & Hygiene, IT/ITeS and Manufacturing – and boost the country’s infrastructure manifold.
While professionals and entrepreneurs from all other segments are juxtaposing the developments in their perspectives, the cleaning industry is among the few sectors that are benefitting directly by the Clean India Campaign and also find its market in the other two segments.
Under the Make in India initiative, the government has taken a series of measures to speed up FDI and local investments in India. “We want the Indian companies to shine as MNCs. This is your country, the happiness of succeeding here and then taking it abroad has its own taste,” said Modi while launching the Make in India. The initiative will ease the access of doing business in India.
The manufacturing industry, currently constitutes 15% to the country’s GDP, which is very less compared to China’s 32%. The present initiative aims to increase the share by 10%. For this, “we are constructing dedicated freight and industrial corridors and smart cities. We have identified 25 sectors in which India can be a world leader and have created a dedicated team to hand hold investors from across the world”, said Nirmala Sitharaman.