Pm Narendra Modi announced vocal for local in his live session and it confuses all regarding that along with aatma nirbhar bharat. Let us clear that for you now.
BJP has confirmed that vocal for local means not only Indian company products made in India.
But also products manufactured in INDIA by foreign companies in INDIA. Local products mean products manufactured in INDIA. How this helps us in the long Run?
Simple, we manufacture products in INDIA and we only use them. This indirectly helps employment for the youth as more manufacturing industries come up.
Imports of the country also come down in the long run. Cash flow in India increases and indirectly it helps the economy to cope up.
If we manufacture the products in INDIA. Consumers also can get the products for cheaper prices as we make the products in INDIA.
The government also gives some tax benefits to products manufactured in INDIA.
Let’s take an example for this:
Boat earphones have a manufacturing industry and have a capacity of 500 Earphones / per day.
This directly increases the employment in a factory for various jobs, including research and development of the product.
As the products manufactured locally and consumed locally.Eventually, the stock production will increase more than the demand of consumers in India and we will export excess products.
This is the reason behind our honorable PM Narendra Modi has introduced Make in India campaign.
Now Let me take through some alternative Indian companies for day-to-day essentials (FMCG)
Credits: https://www.instagram.com/marketingmotivationn/
These are some famous alternatives or day-to-day essentials.
We can make this success if we change of Mindset that foreign products are better than Indian.
From today will try to avoid all foreign brands excluding manufactured in INDIA. I will contribute my part doing minor changes in my lifestyle.