Make in India – Challenges and Opportunities

Make in India is new national initiative program by government aimed at transforming India into a global manufacturing hub. It includes a slew of proposals aimed at inviting both domestic and foreign companies to invest in India and help it become a manufacturing powerhouse. “ZERO DEFECT AND ZERO EFFECT”slogan was defined by our prime minister Narendera Modi, as part of Make in India programme which handle innovative processes materials, enhance skill development,technologies and the manufacturing mechanism is guided to make the goods that are defect free and have no negative environmental or ecological effects. Main mission of this project is to make the production India and sell the products all over the world. The primary focus of "Make in India" project is to enhance the annual growth rate of 25 sectors from 12-14 % to improve GDP rate and to create 100 million job opportunities within 2022. The purpose of this study is to explain the concept of Make in India campaign, its importance, schemes,and its impact on Indian economy. This paper also proposes to identify the challenges and opportunities as well as recommended possible solutions to deal with the same