I. design manufacturing, renewable energy, mining, bio-technology, pharmaceuticals, electronics,

I. Introduction

 

The
15th and current Prime Minister of INDIA “Mr. Narendra Modi” unveiled
the “MAKE IN INDIA” program on September 25th 2014 in New Delhi. He
along extending an invitation to foreign firms to invest in INDIA also
solicited the CEOs of domestic firms to invest in INDIA by saying that, “There
is no need to leave the nation. We want our companies to shine as MNCs”.
The MAKE IN INDIA program has set the foundations of India’s new national
manufacturing policy and provided a base to both domestic and international
industrialists with the focus to make India a manufacturing hub that will finally
boost the employment and overall growth of India. The program emphasizes on  majorly 25 sectors such as automobiles,
chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and
hospitality, wellness, railways, auto components, design manufacturing,
renewable energy, mining, bio-technology, pharmaceuticals, electronics, etc.
with focus on job creation, skill enhancement, economic, technical as well as
overall infrastructure development. It also focuses on providing Indian
industry a global recognition in terms of manufacturing. Manufacturing industry
needs heavy finance to facilitate the procurement of latest modern technology,
setting up and development of required infrastructure, developing skill sets of
its human asset to produce best quality products and survive in ever increasing
global competition. And if INDIA wants to attract the investors and make itself
as a manufacturing hub, its human asset and financial services will play a
vital part in making this dream a reality. Finance and Human Asset are the two most
abundant, flexible and leveraged resources
which demand attention.  In 2013 , According
to World Bank Data, the contribution of Indian Manufacturing sector to Indian
Economy was merely 13 percent. Manufacturing sector contributes to its gross
domestic product (GDP) around 28 percent only. India holds a very low position
in terms of contributing in the world manufacturing, with its overall share
standing at a meager 1.8%. These statistics are the clear indicators that India
has not done very well in its manufacturing sector. Manufacturing units outside
the Indian borders are set by the domestic manufacturers, there can be so many
reasons for such an attitude of domestic industrial houses. Fewer subsidies,
over interference of government, less availability of financial services,
crunch of good facilities, political pressure etc. are a few to mention among
all the reasons why the attention of industrial houses is towards other
countries when it comes to setting up an industry. What can be expected from
the foreign players, when our domestic industrialists behave in such a manner.

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