Make in India - Need for an Integrated Approach

Abstract

'Make in india' is an initiative by government of india to encourage companies to manufacture their products in india. The article aims at a constructive and critical evaluation of the initiative through the eyes of a cost accountant. The initiative is becoming increasingly visible. It is a special focus on select sectors. A broad focus and an integrated approach are needed. Focusing on wellness and food processing industries together is not consistent. ZBB would not have allowed this! On the other hand, the food processing industry had not apparently come to the rescue of milk, sugar or food grains when they are facing the problems of plenty. During problems of plenty in agriculture, they are consigned to mother earth. Problem of plenty in industrial stocks is not affordable. It should be avoided by following the Japanese just-in-time (JIT) manufacturing approach or equivalent approaches. Strengthening educational standards will bring great results. ISO standards should be followed not only in figures but in spirits too for real quality. Let us make use of the opportunities being created by government and strive hard for realising our dreams.