Under the new 'Swadeshi' banner, there is no clarion call to buy only Indian brands, which are made by Indians. Instead, it is a mindset that drives the purchase of any brands, Indian and foreign, as long as they are made in India.
In the same period as Make in India, Bangladesh’s share of manufacturing has risen from 16% to 18%. Bangladesh’s overall GDP is growing at 8% per year, much faster than India, writes author-columnist Aakar Patel.
The proposed free-trade agreement includes 10 member-countries of the Association of Southeast Asian Nations (ASEAN) and six of the bloc’s dialogue partners — China, Japan, South Korea, India, Australia and New Zealand.
He said that the government has taken several steps to enhance manufacturing competitiveness in the country since 2014 which includes providing quality infrastructure, reducing logistics cost, skill development and adoption of technology.