Make in India
 | |
| Purpose | Job Creation, Enforcement to Secondary and Tertiary sector, Boosting national economy, Coverting the India to a self-reliant country and to give the Indian economy global recognition |
|---|---|
| Owner | Government of India |
| Website | makeinindia |
Make in India is an international marketing campaigning slogan coined by the Prime Minister of India, Narendra Modi on 25 September 2014 to attract businesses from around the world to invest and manufacture in India. The campaign has been concentrated to fulfill the purpose of job creation, enforcement to secondary and tertiary sector[clarification needed], boosting the national economy, converting India to a self-reliant country and to give the Indian economy global recognition. The 'Make in India' also attempts to enforce the inflow of FDI[clarification needed] in the country and improve services by partial privatization of loss-making[clarification needed] government firms. The campaign is completely under control of the Central Government of India. [1][2][3]
Objective
The major objective behind this initiative is to focus upon the heavy industries and public enterprises while generating employment, empowering secondary and tertiary sector and utilizing the human resource present in India.[4][5]
The highlights and purpose of Make in India include making India a manufacturing hub and economic transformation in India while eliminating the unnecessary laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable.[6] and a government emphasized upon the framework which include the time-bound project clearances through a single online portal which will be further aided by the eight-members team dedicated to answering investor queries within 48 hours and addressing key issues including labour laws, skill development and infrastructure.[7]
Criticisms
Siphoning billions of dollars
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There are enough evidences of siphoning billions of dollars from developing countries to other developed countries through MNCs .BBC Radio 4's File on 4 has learned that almost £100bn a year is taken out of Africa through accounting practices - several times what the continent receives in aid. [9] The Ghanian development economist Charles Abugre said this capital flight amounted to "the looting of the continent(Africa)". Developing countries receive about $136 billion in aid from donor countries each year. At the same time, however, they lose about $1 trillion each year through offshore capital flight, mostly in the form of tax avoidance by multinational corporations. That’s nearly 10 times the size of the aid budget. [10] Siphoning billions of dollars is the modern form of economic drain theory of Dadabhai Naoroji [11]
Setting higher prices
Corporates can maintain setting prices at high levels while still competing to cut costs, advertise, and market their products. The actual and potential economic surplus generated exceeds the existing outlets for investment and capitalist consumption. Private accumulation therefore requires the support of government spending geared primarily towards imperialistic and militaristic government tendencies, which is the easiest and surest way to utilize surplus productive capacity.
More profit to MNCs keeping plant in India
Indians to purchase the goods produced within the territory of India but by MNCs. MNCs have more profit to keep their plant in India . [12]
Acquisition and grabbing of land
Acquisition and grabbing of land in India by MNCs .
Re-entry of black money
There have been the suspicion of return of black money to India in the form of FDI through make in India. [15] [16]
References
- ^ A. V. Ganesan (August 31, 2014). "Come, Make In India". The Hindu. Retrieved 27 September 2014.
- ^ "As it happened: PM Modi launches Make in India campaign". The Times of India. Retrieved 27 September 2014.
- ^ "PM launches 'Make in India' global initiative Prime Minister of India:". pmindia.gov.in. Retrieved 27 September 2014.
- ^ "Focus on Make In India, Ministry Of Heavy Industries & Public Enterprises". business-standard. Retrieved 27 September 2014.
- ^ "PM Narendra Modi's 'Make in India' campaign: What India Inc's honchos say". economictimes. Retrieved 27 September 2014.
- ^ "Narendra Modi's clarion call to investors – Let's Make in India, soon the world will come to us". Indian Express. Retrieved 28 September 2014.
- ^ "'Make in India': Will global companies bite?". CNBC. 26 September 2014. Retrieved 28 September 2014.
- ^ [http:// en.wikipedia.org/wiki/Dadabhai_Naoroji "Dadabhai Naoroji"].
{{cite web}}: Check|url=value (help) - ^ [http:// news.bbc.co.uk/2/hi/programmes/file_on_4/6908997.stm "Companies 'looting' a continent - BBC News"].
{{cite web}}: Check|url=value (help) - ^ [http:// www.newleftproject.org/.../aid_in_reverse_how_poor_countries_develo... "Aid in Reverse: How Poor Countries Develop Rich Countries"].
{{cite web}}: Check|url=value (help) - ^ [http:// en.wikipedia.org/wiki/Dadabhai_Naoroji "Dadabhai Naoroji"].
{{cite web}}: Check|url=value (help) - ^ [http:// www.quora.com › Continents › Asia › South Asia › India › Politics of India "What exactly is the 'Make in India' campaign? - Quora"].
{{cite web}}: Check|url=value (help) - ^ [http:// businesstoday.intoday.in/.../mauritius...route...black-money.../16521.htm... "How black money comes back to India via Mauritius"].
{{cite web}}: Check|url=value (help) - ^ [http:// www.lemauricien.com/.../mauritius-fraud-haven-banksters-fraudsters-an... "MAURITIUS FRAUD HAVEN — BANKSTERS ..."]
{{cite web}}: Check|url=value (help) - ^ [http:// businesstoday.intoday.in/.../mauritius...route...black-money.../16521.htm... "How black money comes back to India via Mauritius"].
{{cite web}}: Check|url=value (help) - ^ [http:// www.lemauricien.com/.../mauritius-fraud-haven-banksters-fraudsters-an... "MAURITIUS FRAUD HAVEN — BANKSTERS ..."]
{{cite web}}: Check|url=value (help)