A Conceptual Framework on Russia’s Contribution To “Make in India” Programme

Abstract

The “Make in India” Programme is an initiative of the Indian Government for motivating   the global corporate to begin their production in India. It is designed for the transformation of India into a global design manufacturing hub that aims for  import substitution and also includes technology transfer. The Programme invites both international and domestic manufactures to invest their capital as well as start manufacturing their products in India by providing more technology, physical infrastructure which would be cost effective. With a  promise to achieve high growth and have easy governance followed by the creation of more job opportunities  for unemployed educated youth in India and the programme is a helping hand towards improving the standard of  living of the socially and economically weaker sections of the society. It is an ambitious project of Indian Prime Minister Sri Narendra Damodardas Modi launched in India on 25^th September, 2014 creating a separate department within the Ministry of Industry as Department of Industrial Policy and Promotion (DIPP,2015).