Manufacture in India and sell the products worldwide
After the Jan Dhan Yojna, PM Narendra Modi, in his I-Day speech launched a new scheme to boost the manufacturing sector and foreign investors with an invitation to the world with “come, make in India”. Thus initiating Make in India & “Zero Defect; Zero Effect policies.
Logo is striding lion made of cogs that symbolize strength & manufacturing, different lions made of different things to symbolize different sectors, designed by the agency Wieden & Kennedy.
• 25 sectors to work on initially
• 24 manufacturing cities identified
• 10% subsidy on production of equipments of pollution control, reducing energy consumption & water conservation
• To speed up the decisions
• Time bound resolving of issues within 48 hours; unaddressed queries to go to DIPP secy, & to be resolved within 24 hours.
• A digital campaign just like “Incredible India to go global.
• Inclusion of all states to mobilize the policy, ministries and local bodies
FROM AUTOMOBILES TO AGRO-PRODUCTS FROM HARDWARE TO SOFTWARE
FROM SATELLITE TO SUBMARINES FROM TELEVISIONS TO TELECOM FROM PHARMA TO BIOTECH FROM PAPER TO POWER PLANTS FROM ROADS TO BRIDGES
FROM HOUSES TO SMART CITIES FROM FRIENDSHIPS TO PARTNERSHIPS FROM PROFIT TO PROGRESS
WHATEVER YOU WANT TO MAKE: MAKE IN INDIA.
PM Shri Narendra Modi.
Ministers , High-ranking Bureaucrats, Business leaders and International Dignitaries
What was launched:
Make in India website, logo and brochures
Key points of the speech:
Need to boost investor sentiment
“First Develop India ” vs. “ Foreign Direct
“Corporate government responsibility” for effective governance
Boost manufacturing to help growth of the middle class and create jobs
Develop a growth oriented environment to enhance ease of doing business
“3D” outlook : Democracy, demography and demand
Channelise India‟s rich demographic dividend for competitive advantage
Train man power in an industry-aligned fashion
Implement “Digital India” for an informed citizenry
“Look East and Link West” approach
Integrated clusters with roads, rails, airports and associated infrastructure
State and Centre coordination for export promotion.
B) MAKE IN INDIA CAMPAIGN OBJECTIVE
Ultimate objective is to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and set up factories and expand their facilities in India
Using India’s highly talented and skilled manpower to create world class zero defect products.
The purpose of Make in India Campaign-
1. Job Creation
2. Economic Development
3. Global Recognition
4. The focus of “make in India” program is on creating jobs and skill enhancement in 25 sectors:-
Automobiles, Automobile Components, Aviation, Biotechnology, Chemical ,Construction,
Defence Manufacturing, Electrical Machinery, Electronic Systems Food Processing, IT and BPM,
Leather, Media and Entertainment, Mining, Oil and Gas, Pharmaceuticals, Ports, Railways,
Renewable Energy, Roads and Highways, Space, Textile Garments, Thermal Power, Tourism and Hospitality, Wellness.
C )WHAT DO WE WANT?
Sustainability – Short, Medium & Long Term
Principle of Co-Existence with Nature
Innovations and Creativity
Gainful Productive Employment
Dignity of Labor & Equality
Self-Reliance, Sovereignty & Leadership
Export Surplus Nation
D) WHAT IT WILL DO?
• Assistance to foreign investors:- from the time of their arrival in the country to the time of their departure.Focus on green and advanced manufacturing.
• Proactive approach:- A pro-active approach, to track visitors for their geographical location, interest and real-time user behavior.
• Invest india cell:- Investors to be responded within max. 72 hours.
• Ease of doing business:- New delicencing and deregulation measures to reduce complexity & increase speed and transparency.
• Manufacturing sector to be focused:- Create Jobs, Move people out of Agriculture & Spur Services, reduce exports/increase imports & bring balance of trade.
• 125000 New Jobs Born in 1 Year.
• Small Industry Play Big Roll.
• Global company start business in India.
• High-Tech Technology Comes To India.
• Industry and government to work together.
E) KEY POINTS ELABORATED
1. Current Situation
2. Why manufacturing sector is chosen??
3. Ease of Business
PMO’s list of few steps for ease of doing Business.
• Unique identity number – A unique identity number for all firms and three forms instead of 17 for imports and exports.
• Ambitious goal of moving India from 142nd to the 50th slot in the EoDB ranking list
• Ownership reform process – Each secretary was asked to take ownership of the reform process
• Online approvals and clearance processes
• One-stop shop and prepare a common application form
• Reduce the number of inspections, a key concern with the industry .
• All licenses for export and import, including for restricted items, will be issued online from January.
• Providing electricity connections in the two cities – Will be made easier
• Environment ministry to do away with pollution control certificate as a prerequisite for a connection.
• Standard sale deed – The ministry of urban development has been asked to prepare a standard sale deed to ease the registration process for land.
• Land resources department for digitization of land records, municipal tax records, sub- registrar data and also integrate them
• Single window set-up to integrate all activities – Several initiative have been lined up at ports, including a single window set-up to integrate all activities of agencies involved in the clearance of consignments.
• Simplify the laws and forms – The revenue department has also been asked to simplify the laws and forms for corporation and dividend tax.
• Simplify the Companies Act, including a simpler process for registration of companies.
• Reduction in the number of customs forms
• One identity number instead of multiple IDs such as Permanent Account Number, Tax Deduction Account Number (TAN), corporate identification number (CIN) and Labour Identification Number. The corporate affairs ministry , CBDT, Employees Provident Fund Organisation ( EPFO) and Employee State Insurance Corporation (ESIC) will integrate their processes and issue the numbers real time.
• Work on an insolvency law – Apart from this, given India’s low ranking on winding up and insolvency laws, PMO has indicated that work on an insolvency law should start soon after the Vishwanathan committee submits its report in February .
• Similarly , the attorney general is being asked to request the Supreme Court to clear the constitution of the National Company Law Tribunal and notification of the relevant provisions of the Companies Act, 2010.
• Form special courts to settle commercial disputes in Delhi and Mumbai
• Existing stringent procedural and regulatory clearances: a business-friendly environment will only be created if India can signal easier approval of projects and set up hastle-free clearance mechanism.
• High Tax Rates : To make the country a manufacturing hub the unfavorable factors must be removed. India should also be ready to give tax concessions to companies who come and set up unit in the country.
• Need of focus on MSME Sector: MSME can play a big role in making the country take the next big leap in manufacturing. India should be more focused towards novelty and innovation for these sectors. Special sops and privileges should be given.
• Competition from China: Make in India is being constantly compared with Made in China campaign. India should constantly keep up its strength so as topace china’s supremacy in the manufacturing sector.
• To increase Imports and R & D: High-tech imports, research and development (R&D) to upgrade ‘make in India’ should be encouraged. Should be better prepared and motivated to do world class R&D with Govt.‟s support.