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Opportunities of ‘Make in India’: a path towards ‘Aatmanirbhar Bharat’ or Self-Reliant, India.
- Source :
-
Current Science (00113891) . 11/25/2023, Vol. 125 Issue 10, p1042-1046. 5p. - Publication Year :
- 2023
-
Abstract
- Globally, science, technology and innovation are gaining prominence. Research and development (R&D) is India’s main driving force for sustainable economic growth. The ‘Make in India’ (MII) initiative by the Government of India (GoI) motivates the Indian manufacturing sector with aim to make India a global centre for manufacturing via foreign investors. In this regard, India became a hub for foreign investors with a 76% rise in the foreign direct investment (FDI) equity inflow of the manufacturing sector from financial year (FY) 2020–21 (USD 12.09 billion) to FY 2021–22. One of the key objectives of MII is job creation and skill enhancement in the country. In this context, the Department of Science and Technology, GoI, continuously contributes to improving the science and technology infrastructure through several funding programmes. This note provides a brief overview of the achievements of MII and its scope in scientific R&D. [ABSTRACT FROM AUTHOR]
- Subjects :
- *FOREIGN investments
*INVESTORS
*JOB skills
*JOB creation
*ECONOMIC expansion
Subjects
Details
- Language :
- English
- ISSN :
- 00113891
- Volume :
- 125
- Issue :
- 10
- Database :
- Academic Search Index
- Journal :
- Current Science (00113891)
- Publication Type :
- Academic Journal
- Accession number :
- 173981841