Mr. Y C Deveshwar, Chairman, ITC Limited, addressing at Make in India global initiative.
(Courtesy: YouTube channel of Ministry of Information and Broadcasting, Govt. of India)
The Make in India program includes major new initiatives designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure.
Doing business in India just got easier – new de-licensing and deregulation measures are reducing complexity, and significantly increasing speed and transparency.
- Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24×7 basis through eBiz portal.
- Validity of Industrial license extended to three years.
- States asked to introduce self-certification and third party certification under Boilers Act.
- Major components of Defence products’ list excluded from industrial licensing.
- Dual use items having military as well as civilian applications deregulated.
- Services of all Central Govt. Departments & Ministries will be integrated with the eBiz – a single window IT platform for services by 31 Dec. 2014.
- Process of obtaining environmental clearances made online.
- Following advisories sent to all Departments/ State Governments to simplify and rationalize regulatory environment.
- All returns should be filed on-line through a unified form.
- A check-list of required compliances should be placed on Ministry’s/Department’s web portal.
- All registers required to be maintained by the business should be replaced with a single electronic register.
- No inspection should be undertaken without the approval of the Head of the Department.
- For all non-risk, non-hazardous businesses a system of self-certification to be introduced.
India’s manufacturing infrastructure and capacity for innovation is poised for phenomenal growth: new smart cities and industrial clusters, being developed in identified industrial corridors having connectivity, new youth-focused programs and institutions dedicated to developing specialized skills.
- Impetus on developing Industrial Corridors and Smart Cities.
- A new ‘National Industrial Corridor Development Authority’ is being created to coordinate, integrate, monitor and supervise development of all Industrial Corridors.
- Work on 5 smart cities in progress as a part of the Delhi-Mumbai Industrial Corridor: Dholera, Shendra-Bidkin, Greater Noida , Ujjain and Gurgaon .
- Chennai-Bengaluru Industrial Corridor: master Planning for 3 new Industrial Nodes [Ponneri (TN), Krishnapatnam (AP), Tumkur (Karnataka)] in progress.
- The East Coast Economic Corridor (ECEC) with Chennai-Vizag Industrial Corridor as the first phase of this project: Feasibility Study commissioned by ADB.
- Amritsar-Kolkata Industrial Corridor: DMICDC selected as Nodal Agency for doing Feasibility Study, which is being conducted at fast pace.
- North-eastern part of India planned to be linked with other Industrial corridors in cooperation with government in Japan.
- New Industrial Clusters for promoting advance practices in manufacturing.
- Approval accorded to 21 Industrial projects under Modified Industrial Infrastructure Upgradation Scheme with an emphasis on:
1. Use of recycled water through zero liquid discharging systems.
2. Central Effluent Treatment plants.
- Approval accorded to 17 National Investment and Manufacturing zones.
- Nurturing Innovation – approval obtained for strengthening Intellectual Property regime in the country through:
1. Creation of 1,033 posts.
2. Further upgradation of IT facilities.
3. Compliance with global standards.
4. Application processes made online.
- An Act recognizing National Institute of Design (NID), Ahmedabad, as an institute of National Importance notified. This will enable NID to confer degrees, promote research and function as an Apex body in Design Education. Four more NIDs are being developed.
- Major impetus given to skill development through Indian Leather Development Programme:
1. Training imparted to 51,216 youth in the last 100 days.
2. It is further planned to train 1,44,000 youth annually.
3. For augmentation of training infrastructure, funds released for establishment of 4 new branches of Footwear Design & Development Institute at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat).
With the easing of investment caps and controls, India’s high- value industrial sectors – defense, 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 up to 24% under the automatic route.
- 100% FDI allowed in Defence sector for modern and state of the art technology on case to case basis.
- 100% FDI under automatic route permitted in construction, operation and maintenance in specified Rail Infrastructure projects such as:
1. Suburban corridor projects through PPP
2. High speed train projects
3. Dedicated freight lines
4. Rolling stock including train sets and locomotives/coaches manufacturing and maintenance facilities
5. Railway electrification
6. Signaling systems
7. Freight terminals
8. Passenger terminals
9. Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivities to main railway line
10. Mass Rapid Transport Systems
- Easing of norms underway for FDI in the Construction Development sector.
Most importantly, the Make in India program represents an attitudinal shift in how India relates to investors: not as a permit-issuing authority, but as a true business partner.
- Dedicated teams that will guide and assist first-time investors, from time of arrival.
- Focused targeting of companies across sectors.