Indian Government launched ‘Make In India’ initiative in 2014 to fight against the unemployment issue. It aims to make India manufacturing hub and increase number manufacturing jobs. As per the sources, the initiative aims to create 100 million manufacturing jobs by 2022. Estimates also suggest that refocusing on India’s traditional occupations would potentially create 10 million manufacturing jobs per year.
Make In India
With a swanky logo and the brass of India Inc. before him, Narendra Modi Ji launched his ambitious “Make in India” programme in Sept 2014. The initiative aims to attract foreign direct investments to India. It also aims to encourage companies to put up their manufacturing plant in INDIA. The target is to solve the unemployment issue by creating manufacturing jobs opportunity.
To summarize, the program covers 25 sectors of the economy. The new FDI policy has permitted 100% FDI to 25 sectors, except for space (74%), defense (49%) and news media (26%).
Make in India aims to transform India into a global hub of manufacturing. Manufacturing share in GDP would rise from 17% to 25% by 2022. The sectors that would get a government push include those requiring moderate to low skills such as construction, textiles, food processing, and skill-intensive sectors such as aviation, defense equipment manufacturing, and electronics.
Moreover, the Indian economy is expected to emerge as one of the leading economies in the world and is likely to become a USD 5 trillion economy by 2025. The SME sector, therefore, is crucial to the Indian economic diaspora.
The Journey of Make In India so far
Make in India initiative has shown a great progress so far as India has surpassed USA and China, with US$60.1 billion FDI in 2015. In Fact, India rose 42 places on Ease of doing business index, 32 places World Economic Forum’s Global Competitiveness Index, and 19 notches in the Logistics Performance Index after the announcement of Make In India initiative.
Various companies have pledged their investment to India. Few of them are:-
It is also predicted that 28 million jobs will be created in Electronics Manufacturing.
Can Make In India save India?
Unemployment or Underemployment has become a big issue in India. As per recent survey Unemployment Explosion will hit India by 2020 and 211 million Indians will become unemployed. And as far as underemployment is concerned, 67% of Indian families are earning less than Rs10000 per month. Moreover, every engineer in India is either unemployed or underemployed. Now, the question is, Can Make In India save India?
As far as underemployment is concerned, the answer is ‘No’. India is a country with 1.3 billion population with 52.50 labor participation rate and a very poor Education System. So, underemployment will an issue in India for long. When it comes to unemployment, Make In India has already started creating Jobs for example 10000 manufacturing jobs by Kia Motors, 5000 jobs by Xiaomi and around a million jobs by Foxconn. So, the plan is working. All we need is to train ourselves w.r.t. different manufacturing Industries.
Training as per Job Market
Government Training Programmes
There are several government training programs running to train labors and employees to accomplish this mission. For instance, the ILDP has trained 51,216 youth in the past 100 days and it plans to train 1,44,000 young persons annually. Four new branches of Footwear Design & Development Institute -at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat) -are being set up to improve training infrastructure.
Private Training Programmes
C2E is a private training firm which offers training in w.r.t. different manufacturing industry by using “Reverse Engineering Education technique“. They have prepared a unique course to train engineers w.r.t different manufacturing industries. Few of their courses are:-
They train engineers with CADD, Spreadsheets and Product Manufacturing.