By Ravi V. Patil (Director INDOLINK India)
India got a new government in May 2015. During his election campaign, the new Prime Minister, Narendra Modi, projected a vision of a developed India. He said “Ache Din Ayenge’ (Better days will come) and new government will make all efforts to bring these better days on priority.
Modi is well aware that without industrial growth bringing these “Ache Din” will not be possible, hence soon after assuming the Office he started the”Make in India” campaign: an initiative by Indian Government to boost manufacturing and attract Foreign Direct Investment (FDI) in India. Since its initiation, Government is endorsing it on every possible platform. During his visits to United States, Australia, Singapore, France, Germany and Canada, Modi has enthusiastically and consistently presented the opportunities India offers and the policy changes government is adopting to make business in India easier.
World business leaders are fully conscious of the potential Indian market offers, but some efforts from top were much needed. The Prime Minister’s speeches to attract investment are giving a high level of confidence to the investors, as it is a good indication that the Government is really serious about these initiatives and will try its best to make things move.
In “Make in India” program Government has identified 25 industrial sectors it wants to promote. In its website http://www.makeinindia.com/ information about sectors, live projects and government policies is provided. In following paragraphs we have tried to summarize opportunities various sectors offer. Read the rest of this entry »