‘Make in India’ the Prime Minister’s initiative, is a concept which is timed just right, said Pawan Kumar Dhoot, MD, Dhoot Group. “India’s demographic advantage remains under-utilized, despite a boom in the service sector. India’s policy-makers have realized that a labour-intensive manufacturing sector can not only generate more employment and increase the overall income levels, but also set in motion the wheels of business towards robust economic growth. As part of his efforts to make India a manufacturing hub, Prime Minister Narendra Modi has launched the ‘Make in India’ campaign last week.Dhoot Group welcomes the government’s plan to facilitate investment, foster innovation and build the best-in-class manufacturing infrastructure in India,” he said.
Focusing on the Prime Minister’s ‘Make in India’ campaign, Pawan Kumar Dhoot said it aims to boost the Indian manufacturing sector as also bring in massive investments. “So, ‘Vision 2022’ should be about ensuring that India becomes an economic super power, one where citizens also have eco-friendly living amidst environment-friendly Smart Cities – truly, a vision for which we all need to work together, and ensure that the dream becomes a reality,” he said. For this, the wish-list includes single window, time-bound clearances and permissions, these are basic things which Real Estate needs to fulfill the vision of Housing for All Indians by 2022.
“Prime Minister Narendra Modi has promised more economic reforms and a stable tax regime so as to take manufacturing’s share in the gross domestic product to 25 per cent in the near future. Addressing the Make in India event in Mumbai, he promised to make India’s tax regime more efficient and said his government was streamlining processes to ease investments. India is simplifying processes like licences, security and environmental clearance, the Prime Minister also said there is an all-round emphasis on ‘ease of doing business’. This is a promising start,” said Niranjan Hiranandani.
“We already have the vision (Homes for All Indians by 2022) and the campaign (Make in India),” said Pawan Kumar Dhoot. “What we need to ensure success is to supplement both with enhanced skill-sets for the human resources, which will ensure ‘Make in India’ becomes a reality,” he concluded.