Professional Documents
Culture Documents
LUCKNOW
MAKE IN INDIA
SUBMITTED TO:
SUBMITTED BY:
KHALID HUSSAIN
MBA(G)-4th SEM
A7001914032
MAKE IN INDIA
Under Make in India initiative the government in the last one year had
announced several steps to improve ease of doing business and attract
foreign direct investment into the country.
Make in India initiative launched by Prime Minister Narendra Modi on 25th September last
year was an initiative aimed at making India a global manufacturing hub.
It was also rolled out with the aim of creating millions of jobs in the country.
Under the 'Make in India' initiative, the government has, in the last one year, announced
several steps to improve the business environment by easing processes to do business in the
country, and attract foreign investments.
As PM Modi's flagship program completes a year, let's go through the basics of the 'Make in
India' initiative, and what it stands to cover.
'Make in India' aims at increasing the GDP and tax revenues in the country, by producing
products that meet high quality standards, and minimising the impact on the environment.
Fostering innovation, protecting intellectual property, and enhancing skill development are
the other aims of the program according to the 'Make in India' website.
The government has decided to improve and protect the intellectual property rights of
innovators and creators by upgrading infrastructure, and using state-of-the-art technology.
The main aim of intellectual property rights (IPR) is to establish a vibrant intellectual
property regime in the country, according to the website.
These are the various types of IPR:
-- Patent: A patent is granted to a new product in the industry.
-- Design: It refers to the shape, configuration, pattern, colour of the article.
-- Trade mark: A design, label, heading, sign, word, letter, number, emblem, picture, which is
a representation of the goods or service.
-- Geographical Indications: According to the website, it is the indication that identifies the
region or the country where the goods are manufactured.
-- Copyright: A right given to creators of literary, dramatic, musical and artistic works.
--Plant variety Protection: Protection granted for plant varieties, the rights of farmers and
plant breeders and to encourage the development of new varieties of plants.
--Semiconductor Integrated Circuits Layout-Design: The aim of the Semiconductor
Integrated Circuits Layout-Design Act 2000 is to provide protection of Intellectual Property
Right (IPR) in the area of Semiconductor.
4. National manufacturing:
Here the vision is,
- to increase manufacturing sector growth to 12-14% per annum over the medium term.
- to increase the share of manufacturing in the countrys Gross Domestic Product from 16%
to 25% by 2022.
Chemicals
Construction
Defence manufacturing
Electrical Machinery
Electronic systems
Food Processing
IT and BPM
Leather
Media and Entertainment
Mining
Oil and Gas
Pharmaceuticals
Ports and Shipping
Railways
Renewable Energy
Roads and Highways
Space
Textiles and Garments
Thermal Power
India creates world records: For opening maximum number of bank accounts and for the
largest cash transfer scheme
67 years after Independence, India still had a large part of the population who had no access
to banking services. This meant, they had no avenues for Savings, nor any opportunity to get
institutional credit. PM Modi launched the Pradhan Mantri Jan Dhan Yojana on 28th August
to address this fundamental issue. Within a matter of months, this scheme has radically
transformed lives and futures of millions of Indians. In a matter of months, 15 crore bank
accounts were opened. 13.5 crore Rupay cards have been issued so far. There have been
deposits worth Rs 15,798 crores. A record 1,25,697 Bank Mitras (Bank Correspondents) have
also been deployed. It also set the Guinness World Record for most bank accounts opened in
one week -1,80,96,130.
All this was possible because of PM Modis thrust and his power of galvanizing masses and
the government machinery. This enormous task was taken up in mission mode and achieved
with an exemplary partnership and participation of the government and public.
While the bank accounts have given millions of Indians access to banking services, they have
also played a major role in stopping corruption. Now, subsidies get deposited directly in the
bank accounts eliminating leakages and scope for any discretionary action. Under PAHAL
Yojana, LPG subsidies are directly deposited into the bank accounts. Under this scheme,
more than 10 crore people will receive direct cash subsidies, saving around Rs 4000 crores of
subsidy.
Once the basic banking facilities for people were in place, the NDA Government embarked
on a historic move of providing an insurance & pension cover to the citizens. Pradhan Mantri
Suraksha Bima Yojana provides accident insurance worth Rs 2 Lakh at just Rs 12 per year.
Pradhan Mantri Jivan Jyoti Bima Yojana provides life insurance at just Rs 330 per year. Atal
Pension Yojana provides a pension of uptoRs 5000 a month depending on the contribution.
Within a couple of days of the launch, around 7.22 (as on 16/5/2015) crore people had
enrolled in these schemes. In addition, the Govt also launched Sukanya Samridhi Yojana to
give a boost to saving for & educating the girl child.
Make in India
The Make in India initiative is based on four pillars to boost entrepreneurship in India, not
only in manufacturing but also in other sectors.
New Processes: Make in India recognizes ease of doing business as the single most
important factor to promote entrepreneurship. A number of initiatives have already been
undertaken to ease business environment. The aim is to de-license and de-regulate the
industry during the entire life cycle of a business.
New Infrastructure: Availability of modern and facilitating infrastructure is a very important
requirement for the growth of industry. Government intends to develop industrial corridors
and smart cities to provide infrastructure based on state-of-the-art technology with modern
high-speed communication and integrated logistic arrangements. Existing infrastructure to be
strengthened through upgradation of infrastructure in industrial clusters.
New Sectors: Make in India has identified 25 sectors in manufacturing, infrastructure and
service activities and detailed information is being shared through interactive web-portal and
professionally developed brochures.
New Mindset: Industry is accustomed to see Government as a regulator. Make in India
intends to change this by bringing a paradigm shift in how Government interacts with
industry. The Government will partner with industry in the economic development of the
country. Our approach will be that of a facilitator and not that of a regulator.
Make in India has created fans and admirers domestically, among business leaders as well
as foreign leaders. The world is eager to partner India in this landmark
We have created a roadmap for the single largest manufacturing initiative undertaken by any
nation in recent history. This demonstrates the transformational power of public-private
partnership. This collaborative model has also been successfully extended to include Indias
global partners as well.
In a short space of time, the obsolete and obstructive frameworks of the past have been
dismantled and replaced with a transparent and user-friendly system that is helping drive
investment, foster innovation, develop skills, protect IP and build best-in-class manufacturing
infrastructure.
With the easing of investment caps and controls, Indias high-value industrial sectors
defence, construction and railways are now open to global participation. Policy in Defence
sector liberalised and FDI cap raised from 26% to 49%. Portfolio investment in Defence
sector permitted upto 24% under the automatic route. 100% FDI allowed in Defence sector
for modern and state- of- the- art technology on case to case labels.100% FDI under
automatic route permitted in construction, operation and maintenance in specified Rail
Infrastructure projects.
Simplified Tax system has been formulated for Ease of doing Business. Basic customs duty
on 22 inputs/raw materials has reduced manufacturing cost in various sectors. GAAR to be
deferred by two years. Rate of Income Tax on royalty and fees from technical services
reduced from 25% to 10% to facilitate technology inflow.
Number of documents required for export and import of goods have been reduced to three. 14
Government of India Services through online single window portal of eBiz. Investor
Facilitation Cell created to guide, assist and handhold investors. Process of applying for
Industrial Licence & Industrial Entrepreneur Memorandum made online on 24x7 basis
through eBiz portal. Validity of Industrial license extended to three years. Major components
of Defence products list excluded from industrial licensing. Requirement of NOC/Consent to
establish for new electricity connection eliminated.
GOI is also building a pentagon of corridors across the country to boost manufacturing and to
project India as a Global Manufacturing destination of the world.
What has convinced us is the fact that the auction process has worked out well. The process
by itself does not appear to us, to be arbitrary or irrational. There is, of course, no allegation
that the auction process is designed to favour any particular bidder
In the spectrum auctions the Govts approach ensured massive gains, in stark contrast to the
zero loss theory of the past. The complex issue of defence band identification pending since
more than seven years was resolved quickly & good quantity of 2100 MHz released by the
Defence Ministry was put into the auction. Spectrum in 4 various bands - 800 MHz, 900
MHz, 1800 MHz and 2100 MHz were put into simultaneous and multiple rounds of auction
for the first time, so that the operators could take informed decision. As against the approved
reserve price of Rs 80277 crore, the auction fetched a record Rs.109875 crore.
In an innovative step to ensure transparency, Environment Ministry has started process of
online submission of applications for Environment approvals. It is no longer needed to come
to Ministry for approvals. Applications can be tracked online. GIS based Decision Support
System (DSS) to facilitate informed, transparent, expeditious and predictable decisions on
forest approval applications.
On the Black Money front, SIT was constituted on the first day of office. Government is
working in coordination with Swiss Government & getting information of cases investigated
by IT Department. The Government approved the Undisclosed Foreign Income and Assets
(Imposition of Tax) Bill 2015. Provisions of the Bill include severe penalties & punishment
for undisclosed foreign income and assets. It is also mandatory to quote PAN for purchase
/sale of above Rs. 1 lakh.
nation-wide opportunities& act as one stop shop for online services. They will also help the
youth with rich career related content& self-assessment tools. A network of counsellors will
also be available for the youth.
In a novel initiative PM Modi was accompanied by two Chief Ministers on his visit to China.
They participated in a landmark initiative: The Provincial Leaders Forum. This will usher in a
new era of state to state co-operation.
In a major boost to the states, particularly the coal rich states of east India, a major portion of
the proceeds from the successful coal auctions would go to the states helping them
immensely.
Ushering in Reforms
Multiple Reforms introduced to ensure all round development
India is embarking on ushering in game-changing reforms through the use of Jan Dhan,
Aadhar and Mobile (JAM), a unique combination of three to implement direct transfer of
benefits. This innovative methodology will allow transfer of benefits in a leakage-proof, welltargeted and cashless manner. There would be cut in subsidy leakages but not in subsidy
themselves.
NDA Government has built a national consensus and introduced a Bill to amend the
Constitution to implement the Goods and Services Tax (GST). The GST will put in place a
state-of-the-art indirect tax system by 1st April, 2016. This will create a unified and common
domestic market by replacing a confusing array of taxes and preventing their cascading
effects.
The Government has started a unique scheme called Sansad Adarsh Gram Yojana, encourage
MPs to take ownership of a village in their constituency and develop this as a model village.
It motivates parliamentarians to ensure holistic development of their constituency rising
above specific schemes.
The Government has approved the MoPNG proposal to supply pooled Natural Gas at uniform
delivered price to all grid connected gas based fertilizer plants for urea production. It has also
approved the scheme for utilization of stranded gas based power generation capacity which
was a joint proposal from MoPNG and Ministry of Power and will help in revival of 16000
MW stranded gas based power plants.
With the easing of investment caps and controls, Indias high-value industrial sectors
defence, construction and railways are now open to global participation. Policy in Defence
sector has been liberalised and FDI cap raised from 26% to 49%.Portfolio investment in
Defence sector permitted upto 24% under the automatic route.100% FDI allowed in Defence
sector for modern and state- of- the- art technology on case to case labels.100% FDI under
automatic route permitted in construction, operation and maintenance in specified Rail
Infrastructure projects
India. Shri Narendra Modi has always openly lauded the participation of people via social
media. The #MyCleanIndia was also launched simultaneously as a part of the Swachh
Bharat drive to highlight the cleanliness work carried out by citizens across the nation.
Swachh Bharat Abhiyan has become a Jan Andolan receiving tremendous support from the
people. Citizens too have turned out in large numbers and pledged for a neat and cleaner
India. Taking the broom to sweep the streets, cleaning up the garbage, focussing on sanitation
and maintaining a hygienic environment have become a practice after the launch of the
Swachh Bharat Abhiyan. People have started to take part and are helping spread the message
of Cleanliness is next to Godliness.