The document summarizes India's "Make in India" initiative to promote manufacturing and outlines various reforms and initiatives undertaken by the Indian government to improve ease of doing business. Some key points include:
1) Reforms focus on improving infrastructure, reducing red tape, liberalizing FDI policies, and developing industrial corridors to better integrate India into global supply chains.
2) Initiatives have been launched to improve labor laws, reduce paperwork for companies, and streamline processes like business registration and tax compliance.
3) The government aims to boost manufacturing by promoting sectors like automobiles, electronics, defense, pharmaceuticals, and improving skill development programs to meet industry needs.
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The challenge
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Grow at 10% for 3 decades
Ease of doing business
Making India a part of the global supply chain
Young India – skilling the nation and creating opportunities
Making India a hub for R&D
Making India a centre for large scale manufacturing
Urbanisation – a unique opportunity
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Make in India initiative
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1 New processes
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New R&D
New design
New mind-set
New infrastructure
6 New innovation
7 New sectors
Pillars of a new resurgent India
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Ease of doing business
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Make India the
easiest and simplest
place to do business
Eliminate paperwork,
processes, procedures,
rules & acts
Converge & integrate
departments
Use technology to
leapfrog
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Share information
across platforms
Eliminate unnecessary
steps and requirements
Merge processes
wherever possible
Promote self-compliance,
self-certification
Steps for ease of doing business
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Convert from manual
to online
Eliminate touch points
with applicants
Prepare checklists,
adhere to them
Prepare timelines,
punish delays
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Initiatives taken by government for defence sector
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Large number of
products taken off from
licensing list
Licensing requirement
removed for dual use
items
Time period for
implementing licence
extended
Validity of security
clearance extended
Partial commencement of
production to be treated as
commencement for all products
Simplified forms, online
application through eBiz
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Initiatives taken on labour reform
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Unified portal (Shram Suvidha) for registration of units for LIN, reporting of
inspections, submission of returns and Grievance redressal launched
Employer registration with ESIC and EPFO made online
Payments for ESIC and EPFO made online with 56 accredited banks
Combined return for 8 labour laws
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Initiatives taken for companies
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Eliminate requirement of minimum paid-up capital
Eliminate requirement of common seal
Elimination of declaration of commencement of business
Incorporation of company made a single step process by merging options for
name availability and allotment of DIN
Single process for incorporation of company, allotment of PAN & TAN and
registration with ESIC & EPFO
Amendment in the Companies Act, 2013 introduced to
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Other reforms
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Documents required for import and export reduced to three from 10 and 7
respectively
Online single window for clearance of imported goods initiated:
• Message exchange with FSSAI & plant quarantine
Customs Clearance Facilitation Committee at ports to ensure expeditious
clearance of goods
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Maharashtra
Initiatives taken by states
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Simplification of process for new electric
connection: reducing 4 processes and 46 days
Integration of VAT and Professional Tax
registration process: Single ID for both taxes
Online registration of shops & establishments
Commercial divisions created in High Court
Real-time allotment of TIN for VAT registration
Online application for construction permits for
residential and industrial buildings: Elimination
of multiple interaction for applicants
Online registration of shops & establishments
Commercial divisions created in High Court
NCT of Delhi
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eBiz- Integration of services and payment
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Issue of Industrial License
Filing of Industrial Entrepreneurs Memorandum
Employer Registration with ESIC
MCA Name Availability
Issue of Director Identification Number (MCA)
MCA-Certificate Of Incorporation
MCA-Certificate for Commencement of Business
Reporting of Advance Foreign Remittance to RBI
Reporting of FC-GPR
Issue of Permanent Account Number
Allotment of Tax Deduction and Collection
Account Number
Employer Registration with EPFO
Importer Exporter Code
License for Possession and Sale or Possession
and Use of Explosives
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Radical reforms- ease of doing business
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No minimum capital. No common seal. No declaration of commencement of business
Online & real-time registration with ESIC & EPFO, P AN & T AN
Combined returns under 8 labour laws
Documents for exports and imports reduced from 1 1 to 3.
Delicensing of defence – 56 % of defence items taken out of licensing requirement
NRI investments be treated as Indian investments
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Liberalised Foreign Direct Investment regime
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FDI permitted in
Telecom sector
100%
FDI permitted in asset
reconstruction companies
FDI in
single-brand retail
FDI in
pharmaceuticals sector
India today is one of the most open economies of the world
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Engagement figures
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Over 12500 investor queries addressed through the Make in India portal
21000 visitors on the e-BiZ portal
Subscriber base of 5000 on the e-BiZ portal
3.5 million fans on FB
558,000 followers on Twitter
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New Mindset - Red tape to red carpet
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24x7 online service to investors across the world
Response query mechanism
Proactive intervention with all state governments
Follow-up with all Government of India departments
Japan+ and Korea+ special desks
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100 smart cities
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Transforming lives, transforming India
Urban India will contribute 75% of GDP by 2030
700 million Indians to get in the process of urbanisation
Creating an innovative, sustainable India
Urbanisation - a unique opportunity
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Using technology to leapfrog - JAM
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160 million new
household accounts
Jan dhan
1 billion Aadhar
enrolments, Unique
identity movement
Aadhar
900 million cell
phone users (370 mn
in rural areas)
Mobile
India using mobile technology, unique identity & bank accounts.
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Indian economy - what the world says:
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Baseline Profitability Index, 2015 (Reported in Foreign Policy Journal)
• India ranked 1st among 110 countries in 2015 as compared to 6th in 2014
World Bank Group: Global Economic Prospects, January, 2015
• India to be world's fastest growing big economy by 2017
OECD: India is the only country among top economies to increase its pace of growth
UNCTAD News, World Investment Report, 2015
• India climbs 6 places from 15th to 9th to join the league of world's top 10
countries by FDI inflows
Frost and Sullivan, USA Award for Make in India, 2015
• Economic Development Innovation Award for Policy and Programme
Implementation Excellence
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Skill India - key challenge
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Demographic dividend – 62% of population in Working Age Group
104 Million to be skill trained by 2022
New dynamic Skill Development & Entrepreneurship Policy
National Occupation Standards laid down by Sector Skill Councils
NSDC is building scalable, for-profit vocational training institutions across India
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Digital India
New initiatives
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Transform India into a digitally empowered
society and knowledge economy
Focuses on building toilets, especially for
women and make India the cleanest country
Swachh Bharat Abhiyaan and Clean Ganga
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India at the heart of frugal engineering
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Renault KWID will do much better than any other car because it has Indian Genes –
Carlos Ghosn, Chairman & CEO Renault
General electric’s Mac 400 electro cardio graph (ECG) Machine {$1500 instead of
$10000 for its predecessor. Cost of ECG just $1}
Heart surgery costs between $2000 & $5000 as compared to $20000-$100000 in US
Jaipurfoot produces ultramodern prosthetic foot and knee replacements for US $45
and $20 - 50 top inventions of the world – Time magazine
Mangalyaan – Mars orbiter mission US 73 Million – 1/10th the cost of any previous
Mars mission.
Low cost but not low tech!
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India - design & innovation
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A large consumer market
Large B2B market, one of the largest business to
government markets
India - an innovation lab for companies combining
technology, design, innovation
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India - a vibrant nation of startups
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Fastest and third largest
ecosystem in the world
Technology product, digital
& manufacturing startups
projected for rapid growth
10 fold increase in access to capital through
VC’s, angel investment and seed funding
Nation of job creators rather
than job seekers
India is in the midst of a
startup boom
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India - an R&D powerhouse
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Leading offshore
destination for
engineering and
R&D services
Talent, technology
& emerging market
imperative during
R&D growth.
Resurgence in the
number of R&D
centres, almost 10,000
companies employing
5,00,000 Indians.
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Fostering innovation
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Strong TRIPS compliant policy framework
Ease of Access: world-class IT enabled patent offices
Internationally acclaimed systems for International Searching and Preliminary
Examination of patent applications.
Madrid system for international registration of trademarks
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Snapshot of core research by MNC R&D centres in India
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o Composite material design
o Electromagnetic analytics
o Nondestructive evaluation technology
o Next generation magnetic sensors
o Image analysis and computer vision
o Intelligent vehicle technologies
o Smart system modeling
o Vehicle structure and safety
o Chemical reaction modeling
o Decentralised energy systems
o Embedded systems
o S.M.A.R.T.* technologies
o Healthcare systems and technologies
o Energy and lighting
o Consumer lifestyle technologies
o High performance computing
o Avionics
o Structures
o Decentralised energy systems
o Embedded systems
o S.M.A.R.T.* technologies
o Abrasives/adhesives
o Coatings
o NVH materials
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9th largest civil aviation
market in the world
Aviation
Amongst top 12 biotech
destinations in the world; 3rd
in the Asia-Pacific region
Biotechnology
3rd largest in Asia & 6th
largest by output in the world
Chemicals
India’s car market potential: 6+
Millions units annually by 2020
Automobiles
Over 35 IPOs of Global OEMs
& Tier 1 procuring from India
Auto-components
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The industry has grown close to
USD 25 billion. It contributes 1.4%
to the nation’s GDP and 10% to the
manufacturing growth
Electrical machinery
Expected demand to reach USD
400 Billion by 2020, aided by
government schemes
Electronic systems
National Food Processing Policy
aims to increase the level of
food processing from 10% in
2010 to 25% in 2025.
Food processing
Approx. USD 650 billion required
for urban infrastructure over the
next 20 years
Construction
Up to 49% FDI is now allowed under
the government route and beyond 49%
with the approval of cabinet committee
Defense
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The industry is expected to
register a CAGR of 14.2%, reaching
INR 1785.8 Billion in 2018
Media & entertainment
India has vast minerals potential
with mining leases granted for
longer durations of 20 to 30 years
Mining
Threefold increase in energy demand
expected in India by 2035 to 1,516 mn
tonnes of Oil Equivalent from 563 mn
Tonnes of Oil Equivalent in 2012.
Oil & gas
The IT-BPM sector constitutes 8.1% of
the country’s GDP and contributes
significantly to public welfare
IT & BPM
Total production value of US$11 bn
with great potential for exports and a
huge domestic market
Leather
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100% FDI under the auto route in
the railway infrastructure segment
Railways
Extensive road network of 4.86 mn
kms: 2nd largest in the world
Roads & highways
India stands fifth in the world in the
overall renewable energy capacity
installation with an installed
capacity of 33,792MW
Renewable Energy:
Expected to rank among top 3
pharmaceutical markets in terms of
incremental growth by 2020.
Pharmaceuticals
Special Economic Zones are being developed
in close proximity to several ports –
comprising coal-based power plants, steel
plants and oil refineries
Ports
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4 ultra mega power projects awarded and
five more ultra mega power projects),
under the plug and play model will be set
up with total investments of ₹1 trillion
Thermal power
Foreign tourist arrivals to India has
risen 7.1% to 7.5 million in 2014.
Tourism
The sector is growing at 20% from
year to year and is projected to
amount to INR 162 Billion in 2014
Wellness
India is a world leader in low cost
space exploration and Indian space
program stands out as the most cost
effective in the world
Space
India has the second-largest
manufacturing capacity globally
Textiles