India has multiple economic challenges, one of which is related to the sub-optimal capacity utilization of the country's manufacturing potential. Such a situation was prohibiting the nation from developing requisite skillsets, multi-mode transportation infrastructure and desired economic growth. This subdued capacity of manufacturing created a condition where multiple smaller nations forged ahead basing their focus on manufacturing, but not India. In addition to some indigenous capacities, these economically oriented countries created an excellent ecosystem which attracted investors from the world over to establish manufacturing facilities, which resulted in their booming economic growth and generation of substantial local employment. India too needed to bolster its economy as well as employment generation for the local youth.
With this as background, India launched its most ambitious "Make in India" programme on 25 September 2014. It aimed not only to empower the indigenous industries but was also focused on getting foreign investors to establish their manufacturing facilities in India. Government clearances were eased, functioning norms were facilitated and the country moved towards making in India. Though some progress has been made in this direction, India is still far from realising its full potential. As countries scale down their ventures in China, and some shift out altogether, this is the right opportunity for India to fill this void in the supply chain logistics by emerging as the manufacturing hub of the world.
Diese Geschichte stammt aus der August 28, 2022-Ausgabe von The Sunday Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 28, 2022-Ausgabe von The Sunday Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
MG Windsor recorded 15,176 bookings on first day
MG Windsor EV, India's 1st Intelligent CUV, received a significant customer response minutes after the bookings commenced on Thursday, October 3, 2024, at 7:30 am.
HERO MOTOCORP SOLD 5.12 LAKH UNITS OF MOTORCYCLES AND SCOOTERS IN AUGUST
Hero MotoCorp, a manufacturer of motorcycles and scooters, sold 512,360 units of motorcycles and scooters in August 2024, the company informed the exchange in a filing.
Govt subsidies, falling battery prices to make EVs more accessible
Government subsidies and declining battery prices are making electric vehicles (EVs) more accessible even though they still have higher upfront costs than conventional internal combustion engine (ICE) vehicles, Axis Securities said in an analysis.
eHUB by MG app crosses 15,000 downloads in two months
SW MG Motor India today announced that it has achieved a milestone of 15,000 downloads for the eHUB by MG app since its launch on 6th August this year.
GOVT NOTIFIES PM E-DRIVE SUBSIDY SCHEME WITH RS10,900 CR OUTLAY
The central government notified the PM Electric Drive subsidy scheme with an outlay of Rs10,900 crore, which will be implemented from tomorrow, October 1, 2024, till March 31, 2026.
The all-new BMW M4 CS launched in India
The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network.
SC dismisses review petitions on taxation of mines
The Supreme Court has dismissed petitions seeking a review of its landmark 9-judge bench judgment, which affirmed that states possess the authority to levy taxes on mineral-bearing lands and clarified that royalties on extracted minerals do not constitute a tax.
COURT PLACES ASHISH PANDEY IN CBI CUSTODY
A court in Kolkata has recently placed Sandip Ghosh, the former principal of RG Kar Medical College and Hospital, and suspended police officer Abhijit Mondal in 14-days of judicial custody.
MP HC dismisses plea of man booked for offensive post
The Madhya Pradesh High Court has dismissed a petition from a man seeking to quash an FIR related to an allegedly offensive post on his Instagram account targeting Lord Ram, Uttar Pradesh Chief Minister Yogi Adityanath, and Hinduism.
CJI reminds lawyer he's 'still in charge'
Chief Justice of India (CJI) DY Chandrachud, who is set to retire in November, reminded a lawyer on Thursday that he is \"still in charge\" despite his short remaining tenure.