The Make in India initiative of Indian government has lifted-up the wave of manufacturing products in Indian and it has been motivating domestic brands to manufacture within country. This step has also supported the GDP growth of India that is good enough for the nation. Below are the opinions of industry experts that can easily explain the current landscape.
Mr. Rajarshi Bhattacharyya, Country Head at SUSE
Make in India has given an enormous boost in the domestic manufacturing sector that has slowly resulted in the sustainable growth of GDP. With the increased domestic business growth the consumption of the IT OEM Software has increased drastically. SUSE in India has been growing phenomenally for the last 4 years and that growth is primarily powered by the growth in the Manufacturing Sector. Our Business in the BFSI market has also tripled in the last 4 years. Other Industry segments are also growing at equally significant rate. Make in India is the much required initiative that the business required to ensure sustainable growth in the country.
Mr. Ravi Raj, Brand Head Director, Sales & Support at NetRack
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.
However, it is one of the golden opportunities, helping to put India on the globe of becoming the design-led electronics manufacturing hub and attract investments and create skillful jobs in the country. Moreover, it also adds value to push the trade policies to the robust Indian economy.
Mr. Manish Krishnan, Founder & CEO at ATCS Inc (Advanced Technology Consulting Service Inc)
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.
Leading economies like USA and China also feature similar initiatives to boost their domestic economy. With its presence in all three leading economies, Advanced Technology Consulting Services (ATCS) has been focused on contributing to India’s domestic growth.
ATCS is a business and technology consulting firm specializing in offering technical solutions to global corporations. As a next-gen tech services provider, ATCS offers par excellence solutions in health care and automotive sectors. Aligned with the vision of Make in India, ATCS nurtures national talent and creates innovative solutions “from the ground-up”, rather than relying on already established time-tested models.
ATCS has focused on the emerging city, Jaipur, to create employment opportunities, foster innovation, harness skills and attract upcoming talent. This has also been a strategic move of the company to lower attrition rates that are prevalent in highly competitive tier 1 cities such as Mumbai and Bengaluru.
As Make in India expands manifold, so do ATCS’ goals to focus towards domestic businesses that will help create an impact at the domestic level. The company is continuously driven towards maintaining a healthy business environment and delivering high-quality business technology solutions.
Mr. Gaurav Ahluwalia, Managing Director at R&M India
With the launch of ‘Make in India’ initiative in 2014, Indian economy has witnessed radiant growth in IT and manufacturing sectors. This call from Indian government has encouraged various global/foreign investors operating in different verticals to make investments in India and boost their business by building the products here. It has identified and facilitated the leading sectors of the country which are responsible for rapid economic growth and employment in the states.
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.
Manufacturing industry is one among the 25 focused sectors of the initiative. In-line to the initiative, R&M, a Switzerland based company has recently made a significant investment in India and successfully opened an expansive state-of-art production facility in Bangalore. Through this step, we at R&M are utilizing the skillset of Indian workforce and are able to manufacture innovative Structured Cabling, Data Center and Telecommunication products & solutions with Swiss standards for numerous verticals across the globe. It has also helped in manufacturing customized products.
Make in India initiative has soared the position of India in the context of ease of doing business on its land. The program has more potential to take Indian economy at much better ranking and soon brand India as a developed country.
Mr. Satish Kumar V, Co-Founder & CEO at EverestIMS Technologies Pvt Ltd.
Make in India is a supreme initiative taken up by Indian government to accelerate the country’s economy. Successfully completing the 4 year mark from its launch, it has made an accountable growth in the GDP. With its effective campaigns, it has encouraged both multi-national and domestic industrialists across the globe to invest in India and manufacture their products here. This move resulted in an exponential raise in the home production/ local manufacturing hubs.
The primary objective of this initiative is to strengthen India’s IT & manufacturing sector. We can observe a paradigmatic shift in the Government policies and bureaucratic processes. Elimination of unnecessary laws helped to carry-out regulatory clearances faster. By cutting down the taxes for startups, India has positioned as the 3rd IT start-up hub in promoting various technologies. This step has played an integral role in facilitating jobs and nurturing innovative skills among the youth of India.
As EverestIMS, being an Indian based software company, specialized in providing software offerings for Unified IT Infra Management and ITSM, we feel proud/honored to work on the lines of Make in India initiative. It has boosted up our business by tackling the SMB segment of India and also assisted in making our foot prints into the government sector. With the government’s recommendation on Make in India products, EverestIMS has become a primary vendor of Infrastructure Management Solutions for industry giants in Telco, PSU & BFSI sectors.
Establishment of local R&D centers has increased the utilization of Indian software engineering skills, resulting in the raise of youth employment. The initiative also provided a platform to enhance the skillset of the workforce with regards to the technology trends/market trends.
Make in India has totally changed the perspective of Indian market. Today, we see a lot of demand for Indian products as it has built confidence in customers across the globe to use Indian products. Indeed, it has become the largest and fast growing government initiative ever!
Government Launches Three New Schemes to Boost Make in India
Ministery of Electronics and IT (MeitY) has announced three new schemes with a vision to build a robust manufacturing ecosystem which will be an asset to the global economy. The three schemes are named Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme. The three new Schemes are expected to attract substantial investments, increase production of mobile phones and their parts/ components to around Rs.10, 00, 000 crore by 2025 and generate around 5 lakh direct and 15 lakh indirect jobs.
“Prime Minister Narendra Modi has given a clarion call for Aatma Nirbhar Bharat – a self-reliant India. This does not mean India in isolation but India as a major country of the world with appropriate technology, capital including FDI and extraordinary human resource contributing significantly to the global economy” said Shri Ravi Shankar Prasad, Minister of Electronics and IT, Government of India.
The PLI Scheme shall extend an incentive of 4% to 6% on incremental sales (over base year) of goods manufactured in India and covered under the target segments, to eligible companies, for a period of five years subsequent to the base year. The SPECS shall provide financial incentive of 25% on capital expenditure for the identified list of electronic goods, i.e., electronic components, semiconductor/ display fabrication units, Assembly, Test, Marking and Packaging (ATMP) units, specialized sub-assemblies and capital goods for manufacture of aforesaid goods. The EMC 2.0 shall provide support for creation of world class infrastructure along with common facilities and amenities, including Ready Built Factory (RBF) sheds / Plug and Play facilities for attracting major global electronics manufacturers, along with their supply chains.
According to Shri Ravi Shankar Prasad, the triology of Schemes entail an outlay of about Rs. 50,000 crore (approximately USD 7 billion). The Schemes will help offset the disability for domestic electronics manufacturing and hence, strengthen the electronics manufacturing ecosystem in the country. The three Schemes together will enable large scale electronics manufacturing, domestic supply chain of components and state-of-the-art infrastructure and common facilities for large anchor units and their supply chain partners. These Schemes shall contribute significantly to achieving a USD 1 Trillion digital economy and a USD 5 Trillion GDP by 2025.
India’s production of electronics grew from USD 29 billion in 2014 to USD 70 billion in 2019 due to the government’s big efforts such as National Policy on Electronics, 2019, Modified Special Incentive Scheme (MSIPS), Electronics Manufacturing Clusters and Electronics Development Fund and etc. Promotion of electronics manufacturing has been a key component of Make in India program.
The growth in mobile phone manufacturing in particular has been remarkable during this period. From just 2 mobile phone factories in 2014, India now has become the 2nd largest mobile phone producer in the world. Production of mobile handsets in 2018-19 has reached 29 crore units worth Rs. 1.70 Lakh crore from just 6 crore units worth Rs. 19,000 crore in 2014. While the exports of electronics has increased from Rs. 38,263 crore in 2014-15 to Rs. 61,908 crore in 2018-19, India’s share in global electronics production has reached 3% in 2018 from just 1.3% in 2012.
TCL Shows Its Support Towards ‘Make in India’ Initiative
Following the recent announcement by Prime Minister Narendra Modi with a prime focus on boosting Indian products and services, TCL has reaffirmed its strong support towards the ‘Make in India’ initiative.
TCL’s first manufacturing unit in Andhra Pradesh (AP), started its construction on December 22, 2020, is also the largest manufacturing facility outside China. With an investment of INR 2400 Crores, the unit has a production capacity of 8 million (22-55 inches) TV screens and 30 million (3.5-8 inches) mobile screens, annually.
The plant also aims to generate more than 8000 direct and indirect jobs for residents in the city. It has been providing a major fillip to the consumer electronics sector in Andhra Pradesh and helping India revive from the on-going pandemic. Besides, TCL is planning to expand its business footprint across India by setting up an R&D centre in the nearby future.
Mike Chen, General Manager, TCL India, said, “We strongly support PM Modi’s Make in India’ initiative. Our first manufacturing facility in India has been constructed in line with this vision. Through this, we have been smoothly producing best-in-class TV and mobile screens to meet the changing needs of consumers in Andhra Pradesh. In fact, we have also given several employment opportunities to residents of AP and helping them survive the pandemic. Further, we have plans to expand our business and will also set up an R&D centre in the times to come.”
Tejasvi Surya, MP Inaugurates YULU Zones to Promote Public Transport
In one of its kind events, Tejasvi Surya, Member of Parliament showcased exemplary support to promote public transport and sustainable first and last-mile commute options for a better tomorrow. He inaugurated YULU zones at RV road metro station and his office. He took on to the roads of Namma Bengaluru to promote shared e-mobility in the country via a rally held from RV road metro station to his office. YULU plays a very significant role in strengthening the Smart city initiative by providing shared, and well-integrated mobility experience to the people.
Yulu’s traditional pedal bikes and electric-assist Miracle provide residents with healthy, sustainable options for daily work commute from public transportation hubs.
YULU organized the rally to create awareness amongst the citizens of Bengaluru ushering a sense of importance on the adoption of public transport and shared e-mobility for the first and the last mile.
With this one more launch in the city, YULU wants to transform the way people commute in India. YULU has been the only brand that has focused on micro-mobility to solve the first and last mile connectivity problems within the city and in the country. There is a need to control the traffic congestion as well as the rising air pollution, in order to make cities a better place to live in. The use of public transport and shared mobility is critical as it is the bridge between ensuring first and last-mile connectivity.
Tejasvi Surya, Member of Parliament said during the rally,” “The launch of a last-mile mobility alternative is part of the campaign to provide #EaseOfLiving in Bengaluru. I noticed the wide use of private transport by visitors to our office owing to the poor last-mile connectivity between our office and the nearest bus or metro stations. Now with the addition of these zones at our office and the public transport stations nearby, we have sustainable, non-polluting last-mile connectivity options to our office. The objective is to encourage the public to adopt mass transit options for their daily commute – be it the BMTC, metro or any of the new-age, app-based platforms.”
Hemant Gupta, Co-Founder and Chief of Operations, YULU also commented during the rally, “We are honored to receive support from Tejasvi, who has been the young torchbearer in promoting public transport and shared e-mobility for first and the last mile. It’s great to see how YULU has embarked on this journey which is translating into huge carbon emission savings along with helping citizens save time and money through the support of city, corporates, citizens and young leaders like Tejasvi”
More than 300 people participated in the event, riding YULU showcasing solidarity for the cause of moving India towards a sustainable future. Yulu aims to further strengthen its presence by penetrating deeper in Namma Bengaluru, where citizens can use the eco-friendly products for the short-distance commute.
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