Page 25 - Abhivruddhi

Expanding horizons of finance and industry

Around this time, China, which is considered to be the home of
industry, is facing a lot of economic problems. All the countries of the
world are angry with China for spreading the Corona epidemic all over
the world. Therefore, the process of shifting their industries from China
to India and other South Asian countries has begun on a large scale. There
are signs that the more expansive the infrastructure in our country, the
more heavy industries will be diverted to India and that it will generate
more money.

Make In India Scheme

India is seen as a huge market worldwide. So many entrepreneurs
from all over the world are eager to come here to do business on Indian
terms. Instead of buying goods made by other countries, you should set
up your own factories in our country and produce them in these places.
We will buy more and more goods as per our requirement and you can
export the surplus goods. The Make in India Scheme offers entrepreneurs
an opportunity to make and sell their products in India and also export
the surplus goods. The ‘Make in India’ scheme is now gaining popularity
because it gives two advantages: One, access to advanced technology and
two generating employment opportunities. Many foreign companies
working in the defense sector are also preparing to come to India and
set up industries. India has created several ‘Special Economic Zones’ in
the country for these foreign companies. A large special economic zone
for defense has been set up in Uttar Pradesh and another in Tamil Nadu.
Large scale industries from France, Japan, Germany, and USA are turning
to India, which is a great achievement of the Make in India scheme.

Atmanirbhar Bharat

The next step in Make in India is a self-reliant India. This means
that the government has offered a number of concessions to boost the
industrial sector in the country, realizing that India would benefit more
from both the creation of jobs and the acceleration of economic growth,
if Indians set up their own businesses rather than foreign entrepreneurs
coming to India to run their businesses. The development of large scale
industries in all the geographical regions of the country will be beneficial

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