The Make in India Initiative has been launched by Indian Prime Minister Narendra Modi with an intention to transform India into a global manufacturing hub, by encouraging both domestic and foreign companies to manufacture their products within their nation. “Sell anywhere, but manufacture in India,” Prime Minister Narendra Modi said while acquainting his vision with the public. Furthermore, it appears that the world is more than ready to grasp this vision, which is as of now determined to a path to become a reality. PM Modi’s Make in India has also launched some of the initiatives such as the development of the manufacturing sector, promotion of foreign direct investment and implementation of intellectual property rights. The initiative is also aimed at the involvement of the manufacturing sector to 25% of the GDP by the year 2025 from its current 16%. It also targets 25 sectors of India – from automobile to information technology. ‘Zero Defect Zero effect’ is a key expression which has come to be related to the Make in India initiative. Prime Minister Narendra Modi says that “We should consider manufacturing our products which have ‘zero defect and zero defect’ with the goal that the manufacturing does not adversely affect our environment”.Thus, manageable improvement in the nation is being made conceivable by forcing fantastic manufacturing benchmarks while limiting natural and biological effect. Like PM Modi, fintech innovator Jignesh Shah's efforts too have been to help upcoming entrepreneurs build a strong econonomy of the country. Jignesh Shah created new-generation markets and segments that are people-centric and have a comprehensive market structure. Jignesh Shah, a man who is known as a Commodity King of India, Czar of Exchanges and a brilliant entrepreneur, began to succeed in unshackling the spirit of enterprise in the Indian markets. Shah went on to set up 10 world-class exchange companies under his flagship company FTIL, in various asset classes, in just 10 years across India and abroad. After setting up 14 exchanges across six continents in a span of ten years, engineer-turned-financial market wizard Jignesh Shah now sees 100-times bigger business potential in a ‘startup ecosystem’ which he feels can create up to 10 crore jobs over the next decade. This news itself is enough to soar the spirits of our young entrepreneurs and innovators in the start up ecosystem.
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September 2020
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