Prime
Minister Shri Narendra Modi will launch “Make in India” initiative on 25th
September 2014 from Vigyan Bhawan in New Delhi. The launch will be at both
national level, state level and in Missions abroad. The ‘Make in India’ initiative
has its origin in the Prime Minister’s Independence Day speech where he gave a
clarion call to ‘Make in India’ and ‘Zero Defect; Zero Effect’ policy. State
Governments, Business Chambers, Indian Missions aboard are playing an active
role in the launch of the initiative.
The
Government is committed to chart out a new path wherein business entities are
extended red carpet welcome in a spirit of active cooperation. Invest India will
act as the first reference point for guiding foreign investors on all aspects
of regulatory and policy issues and to assist them in obtaining regulatory
clearances. The Government is closely looking into all regulatory processes
with a view to making them simple and reducing the burden of compliance on
investors.
A
dedicated cell has been created to answer queries from business entities
through a newly created web portal (www.makeinindia.com). While an exhaustive set
of FAQs on this portal will help the investor find instant answers to their
general queries, the back-end support team of the cell would be answering
specific queries within 72 hours. A pro-active approach will be deployed to
track visitors for their geographical location, interest and real time user
behaviour. Subsequent visits will be customised for the visitor based on the
information collected. Visitors registered on the website or raising queries
will be followed up with relevant information and newsletter. Investor
facilitation cell will provide assistance to the foreign investors from the
time of their arrival in the country to the time of their departure. The initiative
will also target top companies across sectors in identified countries.
The
‘Make in India’ initiative also aims at identifying select domestic companies having
leadership in innovation and new technology for turning them into global
champions. The focus will be on promoting green and advanced manufacturing and
helping these companies to become an important part of the global value chain.
The
Government has identified 25 key sectors in which our country has the potential
of becoming a world leader. The Prime Minister will be releasing separate
brochures for these sectors along with a general brochure. The brochures
covering sectors like automobiles, chemicals, IT, pharmaceuticals, textiles,
ports, aviation, leather, tourism and hospitality, wellness, railways among
others will provide details of growth drivers, investment opportunities, sector
specific FDI and other policies and related agencies.
Since the new Government took over, a
series of initiatives have been taken to revitalise the industrial sector in
general and manufacturing sector in particular. To mention a few:
ü
The process of applying for Industrial License
and Industrial Entrepreneur Memorandum has been made online on the e-Biz
website 24*7;
ü
A vast number of Defence items have been
de-licensed;
ü
The validity of Industrial license has been
extended to three years;
ü
With a view to providing flexibility in working
hours and increased intake of apprentices for on the job training, the
Government has decided 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:
·
on-line filing of all returns in a unified form;
·
no inspection without the approval of the Head
of the Department, etc.
Recently
the Foreign Direct Investment policy has been liberalized. 100% FDI under
automatic route has been permitted in construction, operation and maintenance
in specified Rail Infrastructure projects; FDI in Defence liberalized from 26%
to 49%. In cases of modernization of state-of-art proposals, FDI can go up to
100%; the norms for FDI in the Construction Development sector are being eased.
The
government is committed to improving the physical infrastructure. Development
of dedicated freight corridors and investment in improving our
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 developmental works.
For
the manufacturing sector to take advantage of the improved physical
infrastructure, the need for having a strong human capital is recognized. Government’s
effort would be to equip the working age population with the right kinds of
skill so that the manufacturing sector finds them employable. One of the first
decisions that the new Government has taken is to set up a separate Department
of Skill Development and Entrepreneurship.
Various
prominent National and International industry leaders are likely to attend the
programme to launch the campaign along with Ministers, senior officials,
Ambassadors and opinion leaders.
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