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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
Making manufacturing competitive: policy and beyond, 28th August, Le Meridian, Bangalore, India

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Tweaking Policy initiatives to boost manufacturing competitiveness

  1. 1. 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
  2. 2. 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
  3. 3. 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

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