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Make in India

Israel-India

> Business Guide >

2017

Making India a

Manufacturing Hub

‏

The ambitious programme of Indian Prime Minister

Narendra Modi calls corporations to invest in India

and transfer their production lines to the country

Commercial Wing, Embassy of India in Israel

‏

n September 2014,PrimeMinister Narendra

Modi announced the "Make in India"

programme - an ambitious programme

aimed at making India a manufacturing hub

by attracting leading global corporations to

invest in India and transfer their production

lines to the country.The programme aspires

to increase the share of manufacturing sector

in India’s GDP from the existing 16% to 25%

by 2022 and generate 100 million new jobs.

‏

The means to achieve these goals are

multi-pronged in nature - encouraging

investments; fostering innovation;

enhancing skill development; protecting

intellectual property;strengthening industrial

infrastructure for mass manufacturing,etc.A

new framework of collaboration, involving

various levels of government, has already

been developed to meet these objectives.

Regulatory policies have been relaxed to

smoothen the ease of doing business - a

decision has been taken to permit 100%

FDI under government approval route for

trading, including through e-commerce, in

respect of food products manufactured or

produced in India; in defence, FDI is now

up to 100% from 49% in cases resulting in

access tomodern technology in the country.

‏

A strong eco-system for

nurturing innovation

‏

target sectors encompassing areas

such as defence manufacturing, chemicals,

pharmaceuticals,food processing,electronics,

electric machinery,information technology,

renewable energy,etc.,have been identified

under the programme.Indian Embassies and

Consulates have been instructed to map

out potential business corporations in their

respective country of accreditation that could

benefit from the programme.

‏

Several Industrial Cities are expected to

come up along the six proposed industrial

corridors across the country.There is visible

momentum,energy,and optimism since the

programme was announced.

‏

India’s ranking among the world’s 10 largest

manufacturing countries has improved by

three places to sixth position in 2015 and is

expected to grow further.India has emerged

as a fast-growing economy embracing

the principles of industrialization, foreign

‏

India is focused on in-house R&D and developing international

cooperation with countries with a firm technological grounding.

Thus, India and Israel complement each other in this respect

investment, and massive investment in

infrastructure and strengthening the

workforce, etc. India is also focused on in-

house R&D and developing international

cooperation with countries with a firm

technological grounding. Thus, India and

Israel complement each other in this respect.

‏

Israel has the reputation of being the Start-

up Nation with a spirit of innovation and

entrepreneurship. This pairs up well with

India’s economies of scale and hugemarkets.

‏

Under the Startup India programme, the

Indian Government plans to build a strong

eco-system for nurturing innovation and

Startups in the country that will drive

sustainable economic growth and generate

large scale employment opportunities.The

Government, through this initiative, aims

to empower Startups to grow through

innovation and design.

‏

These factors create synergies for increased

cooperation between Israeli and Indian

companies in different sectors: defense,

pharmaceuticals, medical devices, cyber

security, electronics, telecommunications

and many more.