Make in India Is a Nation Transforming Initiative - Arun Kapoor
Make in India initiative will fuel economic growth in nearly 25 sectors
Mumbai, India, February 15, 2016 (Newswire.com) - Make in India initiative has the potential to transform the country into a major manufacturing hub. This initiative will fuel economic growth in nearly 25 sectors and is already attracting investments from across the globe, propelling India’s FDI growth rate. Under this initiative, all global corporations are now setting up their manufacturing base in India, creating job opportunities and employability across sectors and leveraging India’s manpower availability.
The Make in India initiative is an invitation to the world to partner with India and this proposal has been well reciprocated with government delegations from 49 countries and business delegations from 68 countries participating in the Make in India week.
Domestic manufacturing of Smartphones will boost local consumption, lower imports and also benefit the export oriented Indian economy.
Arun Kapoor, Founder - GadgetsGuru & Ok Sir
One of the major sectors would be the growing Smartphone market in India and the domestic manufacturing of these handsets will boost local consumption, lower imports and also benefit the export oriented Indian economy.
As smart cities is the new revolution initiative, established commerce companies like GadgetsGuru who focus on promoting and emphasising on tech brands will also get a boost in this sector.
Setting up of manufacturing hubs and higher FDI Investments will boost social and technology infrastructure across states in India creating pathways for app based start-ups to provide services in Tier II & III locations. The Home Services industry in India has the potential to become a $100-400 billion industry with proper technological infrastructure and the potential to create million jobs, converting the unorganized marketplace into an organised sector.