New Delhi: Prime Minister Narendra Modi today launched his 'Make in India' programme, ahead of his maiden visit to the US, rolling out the red carpet to investors through a string of measures including easier norms and rules aimed at transforming India into a manufacturing hub. The campaign will also closely monitor all regulatory processes to make them simple and reduce the burden of compliance.
"The government is committed to chart out a new path, wherein business entities are extended red carpet welcome in a spirit of active cooperation. Invest India will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances," said an official statement.
Sectors covered under the programme include automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others and the aspects covered are growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.
Investor facilitation cell will provide assistance to the foreign investors from the time of their arrival in the country to the time of their departure, with focus on green and advanced manufacturing and helping these companies to become an important part of the global value chain.
A dedicated cell has been created through the web portal (www.makeinindia.com) to answer queries from business entities. While an exhaustive set of FAQs on this portal will help the investor find instant answers to their general queries, the back-end support team of the cell would be answering specific queries within 72 hours.
The Make in India programme, first mooted by the PM in his Independence Day speech last month, lays emphasis on 25 sectors with focus on job creation and skill enhancement.
At the event, India Inc is present in much strength at Delhi's Vigyan Bhawan, including Mukesh Ambani of Reliance Industries, Cyrus Mistry, Chairman of Tata Group, Azim Premji, Chairman, Wipro, Kumar Mangalam Birla who heads the Aditya Birla Group and Chanda Kochar of ICICI Bank.
Here is what the top CEOs said during the event:
Mukesh Ambani
Chairman, Reliance Industries
“This is a historic day for the Indian industry. Today we commit ourselves to Make in India, a call that was given by our PM on Independence Day. India is blessed to have Narendra Modi as PM, and it is important for us to succeed in Make in India for global competitiveness.”
Cyrus Mistry
Chairman of Tata Group
“Under leadership of our PM, the ‘Make in India' campaign is bringing together industry and government. We in the Tata Group welcome PM Modi's Make in India programme. It is an opportunity to make India truly globally competitive. India has 2 strategic advantages- our human capital and a market which affords scale and growth.”
Chanda Kochhar
ICICI bank chief
We are very inspired by your vision to Make in India. This will be the next growth driver for India.”
Y C Deveshwar
Chairman, ITC
“The ‘Make in India' campaign will be the remedy to all the ailments the country's economy is suffering from. The biggest beneficiary of this program will be the youth.”
Kumar Mangalam Birla
Chairman of Aditya Birla Group
“The Make in India campaign has a very special resonance for our group. We believe our national can become a manufacturing hub.”
Azim Premji
Chairman of Wipro
“True success of manufacturing lies in the servicing of global markets.”
