Saturday, November 5, 2016

Third Year of Make in India - Achievements in the Last Two Years

Information about the sectors in Make in India Strategy

Automobiles  - Automobile Components - Aviation   -   Biotechnology  -  Chemicals

Construction   -  Defence Manufacturing  -  Electrical Machinery  -  Electronic Systems

Food Processing - IT and BPM - Leather  -  Media and Entertainment  -  Mining

Oil and Gas  -  Pharmaceuticals  -  Ports and Shipping  - Make in India - Railway Sector Items

Renewable Energy  -  Roads and Highways  -  Space  -  Steel  -  Textiles and Garments

Thermal Power  -  Tourism and Hospitality  -  Wellness

Launch of Make in India Initiative

Make in India, an initiative launched was by Prime Minister Narendra Modi, September 25, 2014.

The third year of Make in India Initiative thus starts on September 25, 2016.

News Related to Third Year of Make in India (25 September 2016 - 24 September 2017)

November 2016

Businesses optimistic about growth prospects: FICCI study

Achievements of 'Make in India' in the First Two Years  (25 September 2014 - 24 September 2016)

October 2016

A new Nasccom-Zinnov report, launched at the ongoing Nasscom Product Conclave 2016 in Bengaluru, reveals that India remains the third most largest startup base after the US and the UK.

The report is titled ‘Indian Start-up Ecosystem Maturing – 2016.’  According to the report, the startup companies number is expected to grow 2.2X times to reach more than 10,500 startups by the year 2020.

The cities like Bengaluru, NCR, and Mumbai continue to lead as the major startup hub for the nation. In the tech sector, new opportunities are availabe in  health-tech, fin-tech, and edu-tech for vertical growth. The number of tech startups in India is expected to grow by 10-12 percent to over 4,750 by the end of 2016. The number of startups emerged in 2016 is 1400.  10,500 start-ups by 2020 will employ over 210,000 people.

Incubators and accelerators are believed to be playing a substantial role in strengthening the startup community. The support from Government and Corporates has led to 40 percent increase in the number of active incubators and accelerators in 2016. Government’s ‘Start-up India Stand-up India’ initiative this year paved way to 30 new incubators. Tier-II/III cities are also favoured for starting incubators and now have 66 percent of the new incubators.

Over 350 startups were founded by young students. The median age of startup founders has reduced marginally from 32 years in 2015 to 31 years in 2016.

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