FDI - MISTIE 2K19

‘Make in India’ is an initiative launched by the Government of India, with an objective of attracting capital and technological investment and increase manufacturing in India by the multi-national and national corporates to improve the Indian economy. India is one of the fastest growing major economies in the world. Make in India initiative facilitates the top investors a conducive ecosystem to come to India and invest in businesses. FDI policy and procedures have been simplified and liberalized progressively. Key sectors that have been opened up for FDI include Defence Manufacturing, Food Processing, Telecommunications, Agriculture, Pharmaceuticals, Civil Aviation, Space, Insurance and Pensions and Medical equipment. Manufacturing currently contributes just over 15% to the national GDP. The aim of this initiative is to grow this to a 25% contribution as comparable with other developing Asian Economies. In the process, the government expects to generate jobs, attract increased foreign direct investment, and transform India into a manufacturing hub preferred around the globe. . In order to attract foreign capital, there huge changes have been made in the defence manufacturing and insurance sectors, however according to analysts lot more needs to be done in a very effective manner. India is a country with a unique combination of demography, democracy, and demand which can benefit the investors.

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