MAKE IN INDIA SCHEME.

INTRODUCTION:

Make in India is a type of swadeshi movement covering 25 types of economy, was launched by the Government of India (GOI) on September 25th, 2004, to encourage their companies to manufacture their own goods in India and enthuse with dedicated investment into manufacturing. The scheme is administered by the Ministry of Commerce and Industry and is currently looked after by the Prime Minister Narendra Modi

ABOUT THE SCHEME:

After the launched, India gave investment of worth INR 16 lakh and investment enquiries worth 1.5 lakh crore between September 2014 to February 2016. As a result, India emerged as the top destination globally in 2015, for foreign direct investment (FDI) surpassing USA and China with US$ 60.1 billion FDI.

CURRENT STATUS:

As per the current policy, 100% of FDI is permitted in all sectors, except for the space industry(74%), the defence industry (49%) and the media (29%). Japan and India also announced  aUS$712 billion Japan-India-Make in India special finance facility fund to push investment. The World Bank latest 'doing business report' India jump of 23 positions against its rank 100 in 2017, to be placed at 77th rank out of 190 countries in total. 

By the end of 2017, India had risen 42 places in 'ease of doing business index', 32 places in the World economic forum's Global Competitive index and 19 notches in the logistics performance index.