Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Make in India

Talks about Make in India program through export promotion and import substitution

Related Books

Free with a 30 day trial from Scribd

See all
  • Login to see the comments

Make in India

  1. 1. Make in India Presented by Ameya Patil 11/4/2016Copyright: Ameya Anil Patil
  2. 2. Conceptual framework of ‘Make in India’ Impact of Make in India Need and importance of Make in India Suggestions 11/4/2016Copyright: Ameya Anil Patil
  3. 3. Conceptual framework  India  Primary sector->Service sector  As opposed to Three sector economic theory A major new national program designed to transform India into a global manufacturing hub called as ‘Make in India’ 11/4/2016Copyright: Ameya Anil Patil
  4. 4. The Campaign  Honourable Prime Minister ,Narendra Modi hinted towards the initiative in his Independence Day speech of 15 August 2014,which was launched on 25 September 2014  twenty four manufacturing cities or hubs will be created which will be an epitome of development, sustainability and connectivity. 11/4/2016Copyright: Ameya Anil Patil
  5. 5. Why Make in India  Job creation  Skill enhancement  Make India a developed economy  Increase in GDP growth  Tax revenues for the Government  High quality standards  Minimise the impact on the environment  Attract capital and technological investment in India  Make India self-dependent 11/4/2016Copyright: Ameya Anil Patil
  6. 6. What can we make in India  25 sectors of the economy have been identified  These sectors include automobiles, chemicals, IT, pharmaceuticals, textiles, ports, aviation, leather, tourism and hospitality, wellness, railways, design manufacturing, renewable energy, mining, bio- technology, and electronics 11/4/2016Copyright: Ameya Anil Patil
  7. 7. What can we make in India Contd.  Import Substitution  Export Promotion 11/4/2016Copyright: Ameya Anil Patil
  8. 8. Impact of Make in India ---Foreign Investments  Chinese handset maker Vivo to open manufacturing plant in Noida in 3-4 months'  Talgo keen to enter India's manufacturing space; to bring train from Spain for demo runs at own cost  'Warburg Pincus set to invest INR 1,800 Cr in Piramal Realty  Sony Corp inks pact to manufacture Bravia line of TVs at Foxconn’s plant near Chennai  'Lava to invest INR 2,615 Cr over 7 yrs to set up 2 manufacturing units in India 11/4/2016Copyright: Ameya Anil Patil
  9. 9. Impact of Make in India Contd.  Domestic Investments-- Hardly any progress  Economic Indicators - GDP 11/4/2016Copyright: Ameya Anil Patil
  10. 10. How to Make in India  Addressing challenges: 1.Challenges on domestic front 2. Challenges with respect to International trade 11/4/2016Copyright: Ameya Anil Patil
  11. 11. How to Make in India-Challenges  Infrastructural challenges  Regulatory challenges  Operational challenges 11/4/2016Copyright: Ameya Anil Patil
  12. 12. How to Make in India -Solutions  Exports as a priority sector  Exploit huge coastline  Procedure for tax refunds should be simplified  Procedure for tax refunds should be simplified  Simplified licensing rules  Single-window clearance system  Expedition for GST(Gooods and Service tax) framework and DTC(Direct tax code) 11/4/2016Copyright: Ameya Anil Patil
  13. 13. How to Make in India –Modular Approach  Develop individual regions in India and thereby exploit each centre’s comparative advantage  ‘Make in Maharashtra’,’Make in Punjab’  ’Solapuri Chahdar’,’Oranges from Nagpur’ ‘Kolhapuri Chappal’  Centres of excellence  Advantages of specialization and economies of scale 11/4/2016Copyright: Ameya Anil Patil
  14. 14. How to Make in India –Facilitators  Flexibilty in working hours  Relaxation of labour laws  Process of application of Industrial licenses to be simplified through e-Biz portal  The portal www.makeinindia.com will help companies to seek policy clarifications within 72 hours.  Validity of industrial licenses has been extended to 3 years from earlier 1 year. 11/4/2016Copyright: Ameya Anil Patil
  15. 15. Conclusion  Ambitious campaign  Lot of benefits if implemented successfully Developing countryDeveloped country  Identification of proper sectors-Import substitution and export promotion  Address infrastructure,regulatory and operational challenges  Modular approach 11/4/2016Copyright: Ameya Anil Patil
  16. 16. Thankyou 11/4/2016Copyright: Ameya Anil Patil

×