Weak infrastructure, lack of products of international standards are among a host of issues that bog down India’s manufacturing sector.
The government launched its ‘Make in India’ initiative in September 2014 as part of India’s renewed focus on manufacturing. The singular objective behind this was to promote India as the preferred destination for global manufacturing, and a slew of reforms were taken to boost manufacturing, design, innovation, and startups in India. The ‘Atmanirbhar Bharat” campaign announced last year was intended to further boost local manufacturing under its stated goal of making India economically self-sufficient. Read More…
