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Our Prime minister announced 'Make in India' mission on independence day and today he realised this dream to a reality by unveiling it's logo and opening the new dimensions for the industrialists and FII's to invest in India. here are some points regarding the same.
1. Top CEOs from India Inc, international industry leaders, ambassadors, ministers and government officials attended the launch. The campaign will target top companies across sectors in identified countries. It will also identify select domestic companies having leadership in innovation and new technology for turning them into global champions.
2. Special arrangements have been made to publicise the event globally in different world capitals. At the same time, programmes will be held in state capitals and also Indian missions abroad, where officials are expected to engage with investors and consultants just as PM Modi addresses CEOs back home.
3. Business entities will be extended a red carpet welcome. The "Invest India" unit in the Commerce Ministry will act as the first reference point for guiding foreign investors on all aspects of regulatory and policy issues and to assist them in obtaining regulatory clearances.
4. The government is also closely looking into all regulatory processes with a view to making them simple and reducing the burden of compliance on investors.
5. A dedicated cell has been created to answer queries from business entities through a newly created web portal .The back-end support team of the cell would be answering specific queries within 72 hours.
7. The brochures covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways among others will provide details of growth drivers, investment opportunities, sector specific FDI and other policies and related agencies.
8. The campaign is aimed to transform the economy from the services-driven growth model to labour-intensive manufacturing-driven growth. This will help in creating jobs for over 10 million people, who join the workforce every year.
9. It aims to attract foreign companies to set up factories in India and invest in the country's infrastructure. The new government has liberalised defense manufacturing and insurance sectors to attract FDI, but analysts say the government needs to do much more to attract foreign capital.
10. The initiative has its origin in the PM Modi's Independence Day speech where he gave a clarion call to "Make in India" and "Zero Defect; Zero Effect" policy.