IoT and Make in India: Exploring new horizons for sustainable Entrepreneurship Development in India

Abstract

The advent of Internet of Things (IoT) is changing the day to day functionality of our life dramatically. IoT and Make in India project are creating waves by spreading its range to different sectors from homes to smart homes, from health to smart healthcare and much more. With an objective to transform India as the global manufacturing hub, the Government of India has launched the significant dream project by the name ‘Make in India’. Make in India initiative has the ability to take the Indian economy to the new pinnacles and create enormous employment opportunities. Because of its favorable approach, it has started getting attention from all over the world. The business-centric policies and the conducive environment for the investment are expected to play a major role in the realization of this project. Make in India campaign is immensely benefited by IoT for providing innovative ways to the sustainable development of manufacturing organizations. Taking into account the current scenario of technology, this review addresses the impact of IoT on entrepreneurship. Moreover, this research article focuses on definitions, characteristics, business value, relevance to manufacturing sector and adoption of Internet of Things in India. The main objective of this paper is to provide an overview of Internet of Things, digital transformation in India, and opportunities made available for startups through Make in India campaign.