The
Government of India is working round the clock to bring about growth expansion
and ventures in our country. The Government has recognized a number of areas in
which it would work to enhance and bring global investments so that the country’s
framework modifies and it helps in creating new job opportunities in the
country under this Pradhanmantri Yojana.
Some
areas which would be incorporated under
·
Automobiles
·
Aviation
·
Biotechnology
·
Chemicals
·
Construction
·
Defence Manufacturing
·
Food Processing
·
Information Technology
·
Leather
·
Media and Entertainment
·
Mining
·
Oil and Natural Gas
·
Ports
·
Pharmaceuticals
·
Railways
·
Roads and Freeways
·
Textiles and Garments
·
Thermal Power
·
Tourism and Hospitality
·
Wellness Industry.
Why is automobile industry profitable
to invest under Make In India?
India
is 7th biggest manufacturer of automobiles globally. This industry
donates to 7% of the total GDP. It is a promising area and very good to put in
money because within the next few years India is going to be a giant
manufacturer of automobiles in the whole world.
·
India has the 9th biggest aviation market because
of its populace.
·
In the year 2013 only there were more than 163 million
commuters touring in India.
·
The number of overseas commuters to and from India would
escalate up to 60 million by the year 2017.
·
India has around 85 International airlines which links around
40 countries around the world.
·
India is anticipated to be the 3rd largest
aviation marketplace by 2020 and would therefore need more than 800 aircrafts.
Why does the Biotechnology sector
look so promising in this PM Yojana?
·
India is one of the finest regions where exploration on
Biotechnology can be conducted as it conducive in terms of manpower and has a
history of medicinal study in fields like Ayurveda.
·
India has the 2nd highest figure of USFDA
recognized biotechnological plants, just behind the US.
Why venturing into chemicals industry
looks profitable?
·
The chemical industry forms one of the principal parts of the
Indian Financial System with its GDP being 2.11%.
·
India is the 6th largest manufacturer of chemicals
in the whole world. It secures the 6th position in Asia in relation
to productivity.
Grounds to spend in Construction
Industry under this Government scheme-
The
construction industry is expanding very fast. This sector looks promising in
the future years to come. This sector is the most preferred by the Government and
hence the investors are very confident to venture in it.
Grounds to spend in Defence
Manufacturing-
Presently,
India largely imports the Defence equipments from outside and there is an ample
opportunity to invest in this sector. If overseas investments grow in this
zone, it would be gainful for the investors as well as it would expand the
manufacturing process in India.
Logic behind investment in Electrical
Equipments under this Pradhanmantri Yojana-
India
is attempting to construct an effectual and self dependent power mechanism to
supply power to all the families. An aggregate of 88.5 GW is to be added by
2017 and another 93 GW by 2022. So there is an ample scope for the
entrepreneurs to invest in this sector.
Investment in Food Processing Sector-
will it be beneficial under this
It
is one of the most expanding areas in any country of the world. It has a huge
scope and potential in the coming years.
India
is naturally gifted with arable lands and this industry looks promising to
venture into in the future. Because demand of food cannot fade away as it the
basic need of every individual.
Population and demand for food are directly proportional.
So
to sum up the discussion, investment in these sectors would prove to be
beneficial for India as well as for the investors in future. It’s the
Government’s target to make India self-sufficient.
