Tweaking Policy initiatives to boost manufacturing competitiveness
 

Tweaking Policy initiatives to boost manufacturing competitiveness

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presentation emphasizing what policy tweaks are required to make manufacturing competitive, presented at 3rd Annual Karnataka manufacturing summit ...

presentation emphasizing what policy tweaks are required to make manufacturing competitive, presented at 3rd Annual Karnataka manufacturing summit
Making manufacturing competitive: policy and beyond, 28th August, Le Meridian, Bangalore, India

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Tweaking Policy initiatives to boost manufacturing competitiveness Tweaking Policy initiatives to boost manufacturing competitiveness Presentation Transcript

  • 3RD ANNUAL KARNATAKA MANUFACTURING SUMMIT MAKING MANUFACTURING COMPETITIVE: POLICY AND BEYOND TWEAKING POLICY INITIATIVES TO BOOST MANUFACTURING COMPETITIVENESS © Browne & Mohan, 2014 Dr TR Madan Mohan Managing Partner
  • Policy tweaks Procurement policies, shift away from tender to need based, whole-of-life instead of L1 Creating a mechanism for offset in defence and public procurement Defence offset deemed as exports, MOD and DGFT can coordinate to implement the scheme From MSME perspective, CGSTME grants must be increased to 2 crores Tax deferrals for companies in advanced manufacturing Special incentives for socially backward entrepreneurs Skills development, women participation and Cohort programs Taxes on used machinery and remanufactured machinery Lean manufacturing, productivity improvement and quality improvement credits © Browne & Mohan, 2014
  • Policy tweaks Accelerated scale-up program for machine tools industry Anchor industries policies need to go beyond two industries, must look at technological competitiveness of entrant Anchor unit policy for defence/Aerospace should look go beyond scale and identify Innovation potential (<100 Cr..100 employees limit must be explored). Incentives for setting up units in Auto sector NSDC & State coordinated initiatives to develop skills for auto, machine tool & machinery sector. Agro food sector © Browne & Mohan, 2014