Launched by
|
Prime Minister
Mr. Narendra Modi
|
Launched on
|
Sep 25, 2014 at
New Delhi; [simultaneously launched by various Union Ministers in various
state Capitals]
|
Ministry
|
Department of
Industrial Policy and Promotion (DIPP), under the Ministry of Commerce &
Industry
|
Aim
|
To showcase India
as an investment destination
|
Partnership
|
State
Governments, FICCI and Invest India (newly created)
|
Why
Make in India (MII)?
Ø India
became Agrarian to => direct service economy. Not much focus on mfg. sector.
Ø Agro
gives 14% to GDP, employs 49% junta= disguised unemployment.
Ø While
MFG gives 15% to Indian GDP and 35% to Chinese.
Ø If
manufacturing sector boosted => small farmers can shift to industry. Poverty
removal, land consolidation, farm mechanization=high agro output.
Ø 3D-Strength
= democracy, demographic dividend, demand in huge quantity.
MII:
challenges
v World
Economic Forum’s Global competitiveness index: 71.
v World
Bank’s Ease of doing business rank 142. (double of 71)
Mechanisms
in MII
Simplify Processes
|
De-licensing and
deregulation=> New Factories bill, eBiz portal to apply online, industrial
license valid for 3 years. Special team to guide first time investor
|
Improve Infrastructure
|
New Industrial
corridors authority, 3P-India, smart cities-REITs-INVITs ;Modi to get funds
from US, China, Japan; BRICS bank, AIIB
|
Skilling
|
Skill India
mission, Deen Dayal Antyodaya Yojana
|
Focus on 30 manufacturing sectors
|
Automobile parts,
pharma-chemicals, leather-textile, mining-construction,
food-processing-hospitality etc. Here we’ve potential to become world top-10;
potential manpower and demand available
|
Open up sectors
|
FDI in Defense 49% and Railways 100%
|
IPR
|
Must be protected
|
IPR
protection
Focus on five angles
Ø Patent: innovative product / process for industrial
use.=> DIPP=>Patent office. Indian patent offices to connect online with
other nations under Madrid Protocol, automated applications and approvals.
Ø Industrial
design: registration for 10 years. Renewed again for 5 years.
Ø Trademarks: Automated registration of trade marks. Can be
renewed for infinite time.
Ø GI:
Statutory GI registry body @ Chennai. Foreign companies can register GI in
India under WTO-TRIPS agreement.
Ø Copyright: HRD ministry
Side note: to
counter us, China too launched “Made in China” scheme to give R&D, Tax sops
to Manufacturing-Sectors: aviation, bio—medicine production, railway and ships,
IT-electronics
Initiatives
in MII:
ü The
process of applying Industrial license and Industrial entrepreneur memorandum
has been made online on the e-Biz website
ü The
validity of the Industrial license has been extended to three years
ü With
a view to provide flexibility in working hours and increase intake of apprentices
for on the job training, the Government has decide to amend a number of labour
laws
ü An
advisory has been sent to all Departments / State Governments to simplify and
rationalize regulatory environment which includes, online filing of all returns
in a unified from and no inspection without the approval of the Head of the
Department
ü FDI
policy has been liberalized recently. [FDI in defence sector increased from 26%
to 49%; 100% FDI under automatic route has been permitted in construction,
operation and maintenance in specified rail infrastructure projects; the norms
for FDI in the construction development sector are being eased]
ü Development
of dedicated freight corridors and investment in improving ports and airports
are underway. These corridors would house industrial agglomerations along with
smart cities. The private sector would be playing a significant role in these
development works
ü A
separate Department of Skill Development and Entrepreneurship has been set up
for the purpose
ü Investor
facilitation cell will provide assistance concerning all clearances to the
investors from the time of arrival to the time of departure
ü The
campaign will also target top companies in identified countries and sectors
ü Also
aims to identify domestic companies having leadership in innovation and new
technology for turning them into global companies
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