An industrialized India has been the holy grail of leaders

from Jawaharlal Nehru to Narendra Modi. Only the means to

that end have changed: from the commanding heights for
the public sector to a more agnostic approach today. If only
a change in emphasis could industrialize the country, all
would be well. But the means and ends are so entangled
that any industrial policy approach is full of pitfalls.
To ensure "Make in India" is a big success an enlightened industrial
policy to resolve the problem of creating jobs and furthering appropriate industries is
must. A policy that provides simple, speedy, corruption free

environment to spur industrial growth. Legacy laws related to the

imports of components and intellectual property rights must be
scrapped off.
A good industrial policy won't do it alone, it needs a serious
backing of physical infrastructure providing good logistics,
efficient 24x7 power supply available at reasonable rates, a well
skilled working class, along with properly allocated land providing
ample amount of raw materials in a sustainable manner.
According to India Skills Report launched in the 3rd CII National
Conference on Skill Development 34% were found employable Out of
about 1, 00,000 candidates. The Report not only captured the skill
levels of talent pool but also brought out the hiring estimates across major
Industry sectors in the country
This is the condition of talent pool in India, so imagine the kind of effort
government need to put to train the unskilled labours and sector migrating
farmers. You cannot send a pike man to a gunfight. No foreign country will
set its foot on our soil if we do not improve labour skill set. It takes a highly
concentrated effort to do this and there should be multiple initiatives as
such to identify candidates, train them, and track their progress. Every
district in each state should have a Village development centre to implement
the training. If needed the Government should involve NGOs who are
willing to take this up to conduct training and track the progress.

In the latest World Development Report, the

World Bank has identified flexible laws and
accelerating urban development as key thrust
areas for creating more jobs in the country. In
any case, the report said labour laws were
hindering business growth. "Medium-size
businesses are not growing and the share of
informal workers in organized firms is up from
32% in 2000 to 68% in 2010.
Unfortunately much of Indias manufacturing footprint is focused
upon building products that are designed and developed outside of
India. Increasingly, if India is to realise its potential as a global
manufacturing hub it must take responsibility for innovating and
developing the products that it then manufactures for sale into
India and around the world. Product leadership will come from a
commitment to innovation, not manufacturing excellence.
For the innovation capabilities to evolve, India needs a
convergence of capital, talent, entrepreneurial spirit, and
knowledge.
An industry requires graduates with specific skill sets. The
government must invest more and more in developing truly skilled
graduates not just degree holders. Programmes such as Ready
Engineer for college graduates and STEM learning programmes
for school going children should be promoted.

India is a power deficient country. Except for few states

like Gujarat and MP which has surplus power most of the
states in the country are suffering huge power crisis. That
being said industrial power in India is among most

expensive in the world. Manufacturing sector faces huge

power shortage already so instead of increasing the power
tariff and cripple the already struggling sector, the
government should improve the distribution efficiency to
prevent power loss. It reduces the cost of power.

India must leverage this experience and build

indigenous capability for developing world-class
products in India
Export-led growth is a matter of searching for opportunities
and foreign markets there are nothing fixed about them.
This simple logic eludes most governments. Virtually every new government in New Delhi feels
that it can get the game right without understanding that its rather invent in India rather than make
in India.