MAKE IN INDIA

Presented by : Vishak GSection : BSubject : Economics

TITLE LAYOUTS U B T I T L E

MAKE IN INDIA

Make in India is an initiative of the government of India to encourage multinational, as well as domestic , companies to manufacture their products in India. It was launched by honourable prime minister Shri. Narendra Modi at Vigyan Bhavan convention centre in New Delhi on 25th September 2014.

MAKE IN INDIA CAMPAIGN OBJECTIVE

• Ultimate objective is to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and set up factories and expand their facilities in India • Using India’s highly talented and skilled manpower to create

world class zero defect products.• The purpose of Make in India Campaign-1.Job Creation2.Economic Development3.Global Recognition

HOW THIS WOULD BE ACHIEVED ?

• Skill development programs would be launched especially for people from rural and poor ones from urban cities.• 25 key sectors have been short listed such as telecommunications, power,

automobile, tourism, pharmaceuticals and others.• Individuals aged 15-35 years would get high quality training in the

following key areas such as welding, masonries, painting, nursing to help elder people.• Skill certifications would be given to make training process, a standard.

Currently manufacturing in India suffers due to low productivity rigid laws and poor infrastructure resulting in low quality products getting manufactured.• Over 1000 training centres would be opened across India in the next 2

years.

HIGHLIGHTS• Eliminating the unnecessary laws and regulations• Time-bound project clearances through a single online portal

Benefits from Make in India Campaign

• This will help in creating job market for over 10 million people in India• Manufacturing done here would boost India’s GDP, trade and economic grow

Let’s Move On to Major

25 Sectors

Why Make in India?• The first and most important condition in order to make in

India is to have a low inflation regime where policies are predictable and consistent.• High inflation reduces two ingredients of a successful make in

India campaign1. Capital accumulation &2. The rate of change in productivity.• Beyond inflation, make in India investors will look for policy

stability with respect to trade, duties i.e both import and export and taxation. 

Contribution by the sectors to Economy

28%

16%

56%

AgricultureManufacturingService

INVESTOR COUNTRIES IN INDIA

NEW INITIATIVES• 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.• 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.• 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.

FOREIGN DIRECT INVESTMENT• 100% FDI allowed in the telecom sector.• 100% FDI in single-brand retail.• FDI in commodity exchanges, stock exchanges & depositories, power

exchanges, petroleum refining by PSUs, courier services under the government route has now been brought under the automatic route.

• Removal of restriction in tea plantation sector.• FDI limit raised to 74% in credit information & 100% in asset

reconstruction companies.• FDI limit of 26% in defence sector raised to 49% under Government

approval route. Foreign Portfolio Investment up to 24% permitted under automatic route. FDI beyond 49% is also allowed on a case to case basis with the approval of Cabinet Committee on Security.

• Construction, operation and maintenance of specified activities of Railway sector opened to 100% foreign direct investment under automatic route.

TOP CORPORATE COMPANIES ATTENDED MAKE IN INDIA CAMPAIGN:• Tata Group• Reliance Industries• Biocon• Samsung• Honda• Airbus• Wipro• Vodafone 

THANK YOU