#MakeInIndia

by Ar. Pankaj Lad

Make in India is a Government of India initiative to attract, encourage and invite foreign companies to manufacture their products in factories and plants located in India. The key objective is to attract investors worldwide towards India by giving them the best infrastructure and making India a global manufacturing hub.
Corona crisis has affected the trustworthiness of several countries which had been significant manufacturing units. It has revealed an inherent insensitivity in China’s approach. Due to the corona outbreak, several investors are planning of considering other attractive locations including India, as the next stop.
Indian Real Estate Industry definitely will play an essential role in providing necessary infrastructure development for manufacturing trade being set up by Indian and Foreign Business. These investments by Indian and Foreign Industrialists will lead to expanded demand for commercial office spaces, residential properties, and construction of factory buildings. Hence Make in India will boost the Real estate sector in India.
It won’t be difficult for the construction industry to start using Indian materials since India manufactures maximum raw materials. Also, this will bring more work opportunities for the citizens of India in the country itself.
Companies like Larsen and Turbo have made a unique initiative to train rural women students in welding technology. With proper training, India can be prosperous in building an independent industry.
Comprehending opportunities in every crisis is the natural response of an entrepreneurial mindset, and the time for taking advantage of that skill is here. The ‘Make in India’ and ‘Make with India’ journey has many success stories to recount, but for those who still could not challenge their hesitations, the current undesirable pause has a positive side for them. It gives an option to rethink dependence and offers enough bandwidth to explore the opportunities of supply chain diversification. For businesses across the world, which are aiming to scale up, this phase is an opportunity to become a partner in the next lion step of India.
India definitely believes in the mantra of ‘collective efforts’, and in every effort of the country, a unique partnership spirit between government and citizens is being reflected. Now in the post corona, trust deficit world when the governments and businesses across the world will struggle to regain the trust of the common people, India will undoubtedly be in a position where the government, businesses, and common people will produce a new definition of collaboration.

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