At a time when most economies of the world are not performing well, people are discovering India as a good alternative. With strong fundamentals, good growth potential and an untapped potential, investing in India has never been better. On the other hand, recognising this fact the Government of India with an eye to boost investment in India, has launched the Make in India programme. It primarily targets the job creation and skill enhancement of the growing working class in India.
By 2050, India will have the largest skilled workforce in the world and providing employment along with a better standard of living is a priority for the government today.
Make in India conceptualises the creation of employment opportunity with building of proper infrastructure including smart cities.
The Delhi Mumbai Industrial Corridor (DMIC) is among the first of the large scale development projects under this broad concept of Make in India along with its backbone – the Western Corridor. The Western Corridor connects the JNPT port near Mumbai to Dadri in the State of Uttar Pradesh and covers a distance of 1483 Kms. with double line electric tracks. This will allow the Indian railways cater to the demand by creating additional capacity at a reasonable cost. The government will be using design and build contracts to permit new technologies to be adopted on this corridor.
In such an environment, the opportunities are many and the government has also taken this into consideration by reducing the foreign caps in various sectors. A number of processes are now online and this will also facilitate businesses looking forward to Make in India.