Friday, April 26, 2024
HomeOpinionDiaryIndia must revive its manufacturing sector

India must revive its manufacturing sector

- Advertisement -

The government has announced the “Make in India” programme to give boost to the manufacturing sector which is witnessing a negative growth. India’s share of global manufacturing stands at little over 2 percent. China has meanwhile over the years positioned itself as the workshop of the world, accounting for 22.4 percent of global manufacturing. China’s manufacturing sector to the overall GDP is about 40 per cent, the contribution of India’s manufacturing to the GDP is nearly 15 per cent. India is good at making plans but very poor at implementation of them. However, China is good at both therefore it has surged ahead of India.

For India to achieve its stated goals of reviving the manufacturing sector and providing jobs to the tens of millions of unemployed youth, IT will need massive investment, including major contributions from foreign investors. Efforts must be taken by the government to develop the small and medium enterprises which can create large scale employment. Till date the government has been neglecting this sector to favour large scale enterprises. We have to create opportunities of employment. If the poor get jobs the purchasing power of families will increase. Make in India should not remain restricted on paper but the government must effectively oversee its implementation.

Now, Prime Minister Narendra Modi has announced this program and we will soon see banners and lobbying to corner the positions as skill trainers. Governments must remain very watchful and must not hesitate to bring in foreign technicians to assist us otherwise we are likely to have fake instructors who will hand over bogus certificates. It must not be forgotten that skill development has to be an ongoing programme because techniques and technology continues to change every year. Training and retraining has to be our motto. Our Indian industries can impart skill training to labours which will improve their efficiency and promote employment.

Government of India must be congratulated to introduce the Make in India programme because they have understood its importance. It must upgrade the infrastructure of technical institutions bring them at par with their global counterparts. First a person needs to learn some work and then he must gradually start doing business. Today our nation produce large number of graduates but many of them are unemployable.

The biggest challenge facing our country today is degradation in moral values. If you are well respected in the society, you don’t need a bullet proof BMW.  I also read that bullet proof cars will be offered to Governor and Chief Minister soon.  Such initiatives will only promote the VVIP culture which needs to be abolished.

- Advertisement -
- Advertisement -
- Advertisement -

Latest

Must Read

- Advertisement -

Related News