“Make in India” has been a major programme of our Honourable Prime Minister and rightfully so as we have truly lagged behind in the manufacturing sector. There have been many conferences, programme and discussions on the same – the press is always full of mention of Make in India. We ourselves are a manufacturer who sells domestically and also exports across the globe. The Make in India programme had excited me also personally and had hoped for a lot to happen. India has ample labour at reasonable cost, a huge domestic market, ample opportunity for import substitution, rich reserves of raw materials, a proactive government – all the ingredients are there but still the dish is far from complete as the recipe is yet to be figured out. The negative to flat industrial growth rates in the recent past when the economy is said to be growing at 7 per cent plus is another disturbing and eye brow rising piece of data.

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