The spread of coronavirus has created an unprecedented situation across the word. Due to which the Modi government has taken various steps and precautions to safeguard the interest of its citizens. PM Narendra Modi on 12thwhile addressing to the nation came up with the idea of an ‘Atmanirbhar Bharat Abhiyan’ that serves as a massive stimulus package as well as a move towards making India more self-reliant in the post-COVID world.
A new atmanirbhar (self-reliant) India is envisioned to be built on five pillars
- Economy – that will not just bring incremental change but a radical change.
- Infrastructure – that will become a state – of -the – art and developing India’s symbol.
- System – that will be more advanced and technology-driven to increase production.
- Demography– that is our strength, will serve as a source of energy to boost up the idea of self- reliant India.
- Demand– that will automatically increase as India has a large population and smooth function of demand and the supply cycle will be there.
- When P.M. vocalized his opinions
Modi emphasized on being self-sufficient and unveiled the tag line vocal for the local – Buy and promote local products and brands, global brands that exist today were also local once but when people began supporting them, they became global. In recent times when a massive shortage of PPE, testing kits and food was faced by India who is believed to be the pharmaceutical supply hub to the world, ringed few bells and is evident where the need and realization came from. The global pandemic has caused distress worldwide India has a tight grasp on the need for self-production for own consumption once again after 2015’s Make in India.
Vocal for the Local
Vocal for the Local is just an idea that was pitched by the P.M. to the nation, while we do not know the policies that back it up but one thing is undeniable that IT and AI companies are at the forefront and need to show their best foreplay now more than ever. To fight the pandemic AI scanners are developed by students and professor both of IIIT and IIT while the AI scanner developed by the students of IIIT is known as Corontine and IIT professor is yet to name the software, both of them are up for scanning patients who show any symptoms by taking an X-Ray of the chest and running it through the data that is pre-installed and detect the disease.
The projects are beta versions and yet to be approved by the government but it is a good start while we try to stand tall and be self-reliant. While tech giants like Anand Mahindra have promised 100% of their salary for donations under the pandemic’s economical constraints, Mahindra group has also come up with factories to make ventilators and recently Tech-Mahindra, development and research team, makers lab announced that it has leveraged artificial intelligence on the forefront and assigned the job of conducting research and find a potential therapeutic drug for the treatment of COVID-19.
Right now vocal for the local seems a robust version of make in India 2.0 some tech giants and other brainy entrepreneurs have taken the path and are on the job to make the best efforts.
Evolving micro, small and medium enterprises
|Revised Classification applicable w.e.f 1st July 2020|
|Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover|
|Manufacturing Enterprises and Enterprises rendering Services||Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover; not more than Rs. 5 crore
|Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover; not more than Rs. 50 crore
|Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover; not more than Rs. 250 crore
When we focus on the three different sectors of the economy
- Primary -contributes nearly 17-20% in GDP
- Secondary or Manufacturing – contributes nearly 30% in GDP
- Tertiary or Services – contributes nearly 50% in GDP and which is prime growth leader, is totally vanishing or getting down in the current situation of the pandemic.
India’s growth is largely depended upon the MSME sector. Therefore, the government gives more emphasis to this sector and also ensures easy access to capitalization but the main issue has always been the quality of products. The government needs to focus on the comparative quality of products at comparative and better prices that has to be taken into account.
Promoting “Swadeshi” ideology and to invigorating the local investment in the manufacturing segment through promotion schemes and incentives, so that India becomes a manufacturing hub.
Post lockdown plan of MSME
The urgency in the manufacturing of COVID related items such as masks, PPE, gloves, etc.
Demand for quick industrial infrastructure development.
Supporting mass production CFCs.
Consultation with stakeholders for setting up of CFCs.
Relaxed terms and policy especially for the items which fall under medical categories.
The meaning of Atmanirbhar has changed the entire dynamics of the word. The Indian Government should make both short terms as well as long term plans to achieve this goal. The government should need to focus on its strength which is agriculture products as most of the Indian are engage in farming and Indian territory has good fertile land and should also focus on two aspects –first, to fulfill the needs of people of its own country and secondly, to fulfill the needs of other countries.
West countries are facing a food crisis during this pandemic but we have an abundance of the food supply in our country. How it can be implemented on the ground is the main question. So there is a golden opportunity for us and the Indian government should adopt a handholding approach. It’s not only the government who is responsible but equally but its citizens are responsible.