Downloaded 18 times
More Related Content
Make In India
- 1. Divyanshi Dangayach Roll No– 106 Economics Project
- 2. Make In India •International marketing campaigning. • Coined By Prime Minister of India, Narendra Modi. • It was formally launched on September 25, 2014. Objective- • Make India a Manufacturing Hub • Generating Employment Highlights- Eliminating the unnecessary laws and regulations Time-bound project clearances through a single online portal
- 3. Sectors- • Automobiles • AutomobileComponents • Aviation • Biotechnology • Chemical • Construction • Defence Manufacturing • Electrical Machinery • Electronic Systems • Food Processing • IT and BPM • Leather • Media and Entertainment • Mining • Oil and Gas • Pharmaceuticals • Ports • Railways • Renewable Energy • Roads and Highways • Space • Textile Garments • Thermal Power • Tourism and Hospitality
- 4. • Wellness SPACE- India’s spaceprogramme stands out as one of the most cost-effective in the world. Reason to Invest India’s space program has launched 40 satellites for 19 countries. With ISRO undertaking the development of technologies & interplanetary exploratory mission, there is a scope in contribution to realization of operational mission and new areas. Growth Drivers • The Indian Space Research Organization • Space Commerce FDI Policy • FDI up to 74% is allowed in satellites- establishment and operation, subject to the sectoral guidelines of the Department of Space/ISRO, under the government route. Sector Policy • Satellite Communication Policy THERMAL POWER- Reason to Invest Government is targeting a capacity of 88.5 GW during 2012-17 & 86.4GW during 2017-22. Growth Drivers • Expansion in industrial activity to boost demand for electricity. • A growing population is likely to boost demand for energy. • Increasing market penetration and per-capita usage will provide further impetus to the energy industry. • Large capacity additions (174.9 GW) are targeted upto 2022. FDI Policy • 100% FDI is allowed under the automatic route in the power sector, subject to all the applicable regulations and laws. Sector Policy • Electricity Act 2003 • National Tariff Policy 2006
- 5. WELLNESS- 2nd largest exporterof Ayurvedic and alternative medicine in the world. Reason to Invest • Indian system of medicine & homoeopathy are widely recognised for their holistic approach to health & capability for meeting health challenges. • The sector is growing at 20% from year to year. Growth Drivers • Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy • Central Sector Scheme for promotion of International Cooperation FDI Policy • 100% FDI is permitted in the AYUSH sector. Sector Policy • The National Rural Health Mission • National Policy on Indian Systems of Medicine & Homoeopathy – 2002. MEDIA AND ENTERTAINMENT- 3rd largest TV market in the world. 800 TV channels. Reason to Invest • India has a large broadcasting & distribution sector, comprising 800 TV channels, 6000 multi-system operator, 7 DTH operator. • Total market size of Indian entertainment industry growing by 11.8% over 2012. Growth Drivers • Television and AGV FDI Policy • Broadcasting Carriage Services • Broadcasting Content Services Sector Policy • The Cable Television Networks (Regulation) Amendment Act
- 6. AUTOMOBILE- • 2.15 millionvehicles produced by 2013-2014 Reason to invest • 7% of the country’s GDP by volume • By 2015, India is expected to be the fourth largest automotive market by volume in the world. Growth Driver • Two-wheelers and three-wheelers are projected to expand at a CAGR of 9% between 2013-20. Sector Policy • Automatic approval for foreign equity investment up to 100% with no minimum investment criteria. AUTOMOBILE COMPONENTS- Reason to invest • 4th largest steel producer in the world • 2nd largest steel producer by 2015 Growth driver • Geographically closer to key automotive markets like the ASEAN, Japan, Korea & Europe Sector policy • Increased investments in R&D operations and laboratories, conduct activities such as analysis, simulation and engineering animations. • Automatic approval for 100% foreign equity investment in auto components manufacturing facilities. • Establishment of automotive training institutes and auto design Centre's, special auto parks and virtual SEZs for auto components. OIL & GAS- Reason to invest • 4th largest consumer of crude oil and petroleum products in the world. • 2nd largest refiner in Asia. Growth driver
- 7. • New ExplorationLicensing Policy and the Coal Bed Methane Policy have been put in place to encourage investments • Oil imports constitute over 80% of India’s total domestic oil consumptions of May, 2014. Sector policy • The government has decided to set up strategic storage of 5.03 MMT of crude oil at 3 locations – Visakhapatnam, Mangalore and Padur. • The Policy on Shale Gas & Oil, 2013 allows companies to apply for shale gas and oil rights in their petroleum exploration licenses and petroleum mining leases. IT & BPM- USD 118 Billion –expected 2014 revenues. Reason to invest • The IT-BPM sector constitutes 8.1% of the country’s GDP and contributes significantly to public welfare. Growth driver • The sector includes 600 offshore development centres (ODCs) of 78 countries. Sector policy • National Policy on Information Technology 2012 aims to increase revenues of IT and BPM industry to USD 300 Billion by 2020 and expand exports to USD 200 Billion by 2020. • Allocation of INR 5 Billion for launching a pan-India programme – Digital India and a national rural internet and technology mission for services in villages and schools, training in IT skills and E-Kranti for government service delivery and governance scheme.
- 8. Live Projects Theproject is featured in KPMG’s ‘100 Most Innovative Global Projects. Delhi-Mumbai Industrial Corridor (DMIC) and it utilize the 1,483 km-long, high-capacity western Dedicated Railway Freight Corridor (DFC) as the backbone. Twenty four manufacturing cities are envisaged in the perspective plan of the DMIC project. First Phase In the first phase, seven cities are being developed. Uttar Pradesh Haryana Rajasthan Madhya Pradesh Gujarat Two in Maharashtra. The Phase I is initially is to be completed by 2019. DMIC states (Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat & Maharashtra) contribute 43% to the country’s GDP. Drivers of the Project 49 26 19 4.1 1 Delhi-Mumbai IndustrialCorridor DevelopmentCorporation DIPP -49% JBIC - 26% HUDCO-19 % IIFCL- 4.1% LIC -1 %
- 9. Sectors focused- Other fourcorridors- Bengaluru-Mumbai Economic Corridor (BMEC) Amritsar – Kolkata Industrial Development Corridor (AKIC) Chennai-Bengaluru Industrial Corridor (CBIC) Chennai Vizag Industrial Corridor as the first phase of the project (CVIC) as a East Coast Economic Corridor (ECEC) Food Processing Metals and metallurgical products General manufacturing Automobile Pharmaceuticals and Biotech Information Technology Heavy Engineering Electronics Service Sectors Agro
- 10. DMIC Impact inIndia- The DMIC project seeks to create a strong economic base . New DMIC Cities will help to meet pressures of urbanization. The project aspires to double employment potential, triple industrial output and quadruple exports in the next seven to nine years. Opportunities across the value chain- Public Private Partnership Contractors/Consultants Equipment suppliers Financing POLICIES- The Indian Government has brought about various changes in its standing policies to encourage the MAKE IN INDIA program.These changes are in form of New Initiatives, increased FDI, improved IPR apparatus and a robust infrastructure for Manufacturing. 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.
- 11. 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. INTELLECTUAL PROPERTY FACTS- SIMPLIFIED PROCEDURE FOR FILING OF NATIONAL PHASE APPLICATIONS : • E-filing facilities : • For filing an application for patent or any document in the Patent Office, comprehensive e-filing service is available at the official website with a facility for making e-payment and there is no need to personally visit the office. • Incentive for online filing: • Indian Patent office offers 10% reduction in fees for online filing of all forms and documents relating to patents, at all stages of processing of an application right from the stage of filing to grant of patent and post-grant processes. • Concession for small entities : • Applicants belonging to the category of micro, small and medium enterprises (SMEs) are required to pay only 50% of the fee payable by other legal entities namely companies etc. The objective is to encourage the MSMEs to protect their knowledge assets. This facility can be availed equally by foreign applicants. NATIONAL MANUFACTURING- • NATIONAL INVESTMENT & MANUFACTURING ZONES (NIMZ) • SIMPLIFICATION OF REGULATORY ENVIRONMENTS • THE ACQUISITION OF TECHNOLOGY & DEVELOPMENT
- 12. Bibliography – www.google.co.in http://www.makeinindia.com www.wikipedia.com http://economictimes.indiatimes.com Acknowledgement– I wouldliketothankmyEconomicsteacherfor givingussuchan interestingprojecttoworkonand helpingustobecome more aware about our surroundingsregarding the economicbackgroundandprogressof the country.