Make in India Conclave 2020

Make In India Conclave (MIC) is structured to provide opportunity to interact with Dignitaries, Policy makers of various sectors, Government officials, Industry Leaders, Investors, Peers, Agencies and other delegates in productive and highly engaged environment. The Top Sectors of Make in India include Automobiles, Auto components, Aviation, Biotechnology, Chemicals, Construction, Defense manufacturing, Electrical machinery, Electronic system design and manufacturing, Food processing, IT and BPM, Leather, Media and entertainment, Mining, Oil and gas, Pharmaceuticals, Ports, Railways, Renewable energy, Roads and highways, Space, Textiles,Thermal power,Tourism & Hospitality and Wellness. Make in India is a “Be Indian and Made Indian” type of Swadeshi movement; covering 25 sectors of economy. This plan was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India. The sole motive of this plan is to convert India into a Global Manufacturing Hub. In order to invite foreign manufacturer in the country, the Government of India has allowed 100% Foreign Direct Investment (F.D.I.) in key sectors of the economy. Currently manufacturing sector is contributing around 16% in the Indian GDP but the government of India want to make it 25% by 2022. It is worth to mention here that manufacturing sector is contributing around 34% share in the Chinese GDP. The launch of “Make in India” is showing some positive results because after the launch of the plan, India received investment commitments worth US$250 billion and investment inquiries worth US$23 billion between September 2014 to February 2016. In the conclusion it can be said that make in India is a good initiative by the government of India and it can convert India from an importing economy into an exporting economy.