Quick Summary
Make in India is an initiative to transform India into a global design and manufacturing hub.
Launched on September 25, 2014, Make in India aims to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best-in-class manufacturing infrastructure.
Focus Sectors
- Automobiles and Auto Components
- Aviation
- Biotechnology
- Chemicals
- Construction
- Defense Manufacturing
- Electrical Machinery
- Electronic Systems
- Food Processing
- IT and BPM
- Leather
- Media and Entertainment
- Mining
- Oil and Gas
- Pharmaceuticals
- Ports and Shipping
- Railways
- Renewable Energy
- Roads and Highways
- Space
- Textiles and Garments
- Thermal Power
- Tourism and Hospitality
- Wellness
Key Benefits
- 100% FDI allowed in most sectors through automatic route
- Reduced corporate tax rate of 15% for new manufacturing units
- Production Linked Incentive (PLI) schemes
- Single Window Clearance mechanism
- Shops and Establishments Act reforms
Key Points
- Launched September 25, 2014
- 25 focus sectors
- 100% FDI in most sectors
- 15% corporate tax for new manufacturing
- PLI schemes available