Make In India 2.0 Boycott Made In China – Free PDF Download

“When buying a new product, what would be your preferred choice?

1. Economically priced Made-in-China product.
2. Competitively priced Made-in-India product.

• Post-covid has made us realize that we have to be self-reliant.

MAKE IN INDIA 1.0

• Since Make in India’s first version launched in 2014,
• India has primarily become an assembly hub in industries such as mobile phones, lighting and consumer electronics.
• In other words, manufacturers assembled products from imported electronic components to meet domestic demand.
• Assembly created jobs.

MAKE IN INDIA 2.0

• The new version of Make in India seeks to protect domestic manufacturers and push them up the value chain.
• Make in India 2.0 is likely to press the accelerator on vertical integration, where the component supply-chains are coerced  to be local because of import substitution.

• Last year China suddenly increased the prices of pharmaceutical intermediates by 30-40%.
• India used to make everything from scratch.
• Then, our pollution norms started getting tougher and we found it easier to buy from China around 1985-90s.

FOR INDIA TO BECOME SELF RELIANT, GOVERNMENT MUST PLAY THE ROLE OF  FACILITATOR

• Poor infrastructure and inefficient logistics lead to  higher costs.
• Besides logistics, disabilities in India include higher  cost of finance, lack of quality power, land & labour reforms
• Does that mean India slipping into some  form of economic isolation that  resembles the pre-1991 era?

WHAT SHOULD BE THE FOCUS AREAS FOR INDIA?

• The focus obviously is on sectors that can provide  plenty of jobs.
• Textiles is one industry where we should be able to make for  ourselves and the world.
• The other sectors to focus must be leather and the footwear  (because it involves small companies), furniture,  agricultural/marine products and electronics (India runs up a huge import bill here).
• India is well-positioned to host new investments in-
• Pharmaceuticals, medical devices, automobiles, capital goods,  electrical machinery, chemicals and petrochemicals, plastic  products, and telecom equipment among others.
• REMEMBER, IT’S NOT ABOUT CHINESE  PEOPLE. IT’S CPC

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