Prime Minister Narendra Modi has drawn out an aspiring plan to boost up the manufacturing sector in the country. Christened as “Make in India”, the strategy urges everyone within the country and abroad to lay manufacturing bases in India. The awakening call to develop things in India is not only restricted to bigger industrial units, but also for multiple SMEs that form the mainstay of manufacturing in the country. Make in India would not only ease out the setting up of manufacturing units, but also make the business operations of these units much more simple and workable.
Our industrial production has definitely seen a drastic growth to 3% in June 2015 in comparison with the earlier scenario, but the issue of concern is that communication equipment, items and apparatus, accounting and computing machinery have projected a high negative growth whereas these items have presented a very positive growth in the other countries. Make in India is definitely the need of the hour to help India compete, survive and progress like the rest of the world. India being an agrarian society productivity at the industrial side is low and therefore, manufacturing development can be a major flagship move to make sure a higher rate of GDP of the country. When the manufacturing competences are meaningfully amplified it adds to the industry’s original levels, which is the main criteria for a self-reliant country. The Make in India scheme pushes India to become self-reliant in the manufacturing sector to add up to the security and stability of the country.
The campaign would provide for a firm foundation for our production base to slowly put an end to the dependency on the imports. Make in India would provide for appropriate job opportunities in the market to cater the needs of the unemployed lot in the country. But India had been contending with a major problem about most of the technically qualified people moving abroad to make a career but with ‘Make in India’ initiated in full swing, India can actually be a spectator to the ‘Reverse Talent Flow’ wherein not only would the companies in India offer incredible growth opportunities but also will be holding up on the best brains forever in the organizations.
Major roadblock to ‘Make in India’
India’s manufacturing sector seems to be headed for a management talent crisis that could become a major roadblock to the government’s ‘Make in India’ drive. According to a study by the management consulting firm Hay Group has exposed that 73 per cent of manufacturing industry rulers in India create a demotivating environment for work in their establishments in comparison to services industry owners, which is the main reason for the sector to operate below the expected standards. In the manufacturing industry, people tend to take fast decisions based on the situations at hand without involving or consulting others. They do not intend to be self-aware or evolve as an inspiring leader to motivate others in a positive and effective way.These kind of leaders present uniformly in the industry tend to instil a low esteem on their subordinates thereby urging them to look for better opportunities and proceed overseas. Exceptional skilling and effective leadership in the manufacturing industry are the basic essentials to help the campaign ‘Make in India’ a major hit for the overall progress and growth in every sector of India.