Make In India -Need for stepping up quality development.

1
MAKE IN INDIA – NEED FOR STEPPING UP quALITY OF
SKILL DEVELOPMENT
By
BHRATH C. (M.Com III sem)
Aims institutes,
peenya, bangalore

MAKE IN INDIA : NEED FOR STEPPING UP QUALITY OF SKILL DEVELOPMENT : PAPER BY BHARATH C 2
• Management and Commerce are performing arts, Education in
business is education In managerial economics.
• The skill required to perform a task can be obtained only through
basic foundation in theory.

THEORETICAL AND
PRACTICE EXPERIENCE OF
MANAGEMENT &
COMMERCE PERSONNEL
The theoretical aspect of
management should be
hypothetical as well as it has to be
based on experience. Providing
such a facility is again the rests
with corporate social responsibility
of each and every business. Even
though the experience counts
there should be some theoretical
based knowledge about the
particular field in order to excel in
the particular job.

CHALLENGES FACED BY MANAGEMENT & COMMERCE
PROFESSIONALS
Challenges based on the lessons of leading corporations all over the world and the
experiences, the managerial challenge is formulated to give every individual clear
understanding of the problem areas. The possible paths to achieve the targets in today’s
changing business scenario are;
• Performance analysis
• Matching the job to the individual
• Acquisition of training
• Challenges in information and communication technology

Make in India is an initiative of government of India to encourage multinational and
domestic companies to manufacture their products in India. It was launched by prime
minister of India. The major objective behind the initiative is to focus on 25 sectors of
economy for job creation and skill enhancement.

Automobiles, aviation, chemicals, IT & amp; BPM, pharmaceuticals, construction,
defense manufacturing, electrical machinery, food processing, textiles and garments,
ports, leather, media and entertainment, wellness, mining, tourism and hospitality,
railways, automobile components, renewable energy, mining, bio-technology, space,
thermal power, roads and highways and electronics systems.
SECTORS CHOSEN FOR MAKE IN INDIA PLAN

Challenges and issues :-
Objectives of Make in India cannot be achieved
unless the Government and agencies involved in
the process should make he foreign companies to:
1. Manufacture the complete product in India so
that employability can be increased
2. The finishing of products should be of high
standard so that it can be exported in order to
earn foreign exchange.

IMPORTANCE OF SKILL DEVELOPMENT
•India is going very aggressive in creating continuous Foreign Direct Investment and also
has a clear cut strategy to achieve MAKE IN INDIA.
•Ultimate objective of Make in India is to make India a renowned manufacturing hub for
key sectors.
•Mission is to manufacture in India and sell the products worldwide.

BRAIN DRAIN
All talented youth are taking up key positions in different parts of the world. The
following statistical information substantiate why India is still backward, although it is
fast developing and has sustainable growth.
38% of Doctors in US are Indians
36% of NASA Scientists are Indians
34% of Microsoft employees are Indians
28% of IBM Employees are Indians

REASONS FOR BRAIN DRAIN
Causes vary from lack of job opportunities, offer of higher salaries, and lack of
updated technologies in India. In addition to this, it can be said that skills that
are taught in higher and advanced courses are outdated or there is a wide gap
between practice and precept. In addition, the red-tapism and corruption at all
levels is one of the reasons for brain drain.

SUGGESTIONS FOR STEPPING UP SKILL DEVELOPMENT
It is important that there is a great need for planning in skill development and
implementation of the same. First and foremost work required is to restructure the
syllabus in technical schools and major B-schools to incorporate more practical
work to enhance the ability of the freshers to take fit into job immediately after
passing out from the college.

The country should provide Wi-Fi /internet
facility free for rural youth.
Rural youth cannot afford to pay any fees for joined skill development course.
Therefore it is very much necessary for the agencies to provide them with
stipends so that they attend the skill development training regularly.

 The period of time allowed for
internship is insufficient for
students to pick up the threads of
IN THING in the industry.
 An orientation programme has to
be conducted on Skill
Development for Teachers
/Lecturers so that they also
develop a perception of skill
development and extend their
knowledge to students.

NGOs play a gallant role in
developing rural youth in
skill development. A
curriculum has to be
drafted to teach rural youth
both hard-skill and soft skill
so that rural youth can find
a job.

CONCLUSION – EMPOWER YOUTH
Unless and Until greater stress is laid for proper skill development of youth,
there is no way India can attain full results of MAKE IN INDIA.
With Make in India concept in full steam all over the country, the role of
management and commerce students will definitely have greater opportunities
especially when they pick up threads in International Trade, Currency and
Commodity markets, Rules and Regulations of Exports-Imports. If the students
undergo special courses on the above topics, it will be value-added for Job-
seekers.

BHRATH C. (M.Com III sem)
Aims institutes,
Peenya, Bangalore

Make In India -Need for stepping up quality development.

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