Make in india start up 210316
•
3 likes•342 views
The document discusses opportunities for chartered accountants related to various government campaigns and programs focused on small and medium enterprises and startups in India. It notes campaigns such as Make in India, Digital India, and Startup India that aim to boost entrepreneurship and manufacturing. It suggests that CAs can play important roles by providing business consultancy, process improvements, compliance services, and training to help small businesses and startups succeed under these initiatives. The document emphasizes that leveraging these programs represents both opportunities for CAs to take on new remunerative services and for further developing the Indian economy.
Recommended
More Related Content
Viewers also liked
Viewers also liked (19)
Similar to Make in india start up 210316
Similar to Make in india start up 210316 (20)
More from Sandeep Garg
More from Sandeep Garg (10)
Recently uploaded
Recently uploaded (16)
Make in india start up 210316
- 1. SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants •• Knowledge Knowledge about the about the CampaignsCampaigns •• Useful Business Practices for SMEsUseful Business Practices for SMEs •• Opportunities available Opportunities available for us as for us as CAsCAs SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 2. •• MakeMake‐‐inin‐‐India, StartIndia, Start‐‐ups, …….ups, ……. –– Concepts Concepts (Awareness , Progress so far, The Need of the (Awareness , Progress so far, The Need of the Programs?)Programs?) •• Broad SegmentsBroad Segments –– SMESME –– StartStart‐‐upsups •• Role & Opportunities for CAsRole & Opportunities for CAs –– ThreatsThreats –– OpportunitiesOpportunities •• PrePre‐‐requisites requisites for Programs for Programs successsuccess –– Threats before SMEsThreats before SMEs –– Useful Business Practices for Better ProfitsUseful Business Practices for Better Profits SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 4. CACA
- 6. EXPERT KNOWLEDGEEXPERT KNOWLEDGE • ACCOUNTING • BUSINESS PROCESSES • ASSURANCE • COMPLIANCES • FINANCE
- 13. Govt. CampaignsGovt. Campaigns Campaign Launch Date Target Make‐in‐ India (MII) 25.09.2014 SME Zero Defect Zero Effect (ZED) 15.08.2014 SME Lean Mfg. Competitiveness Scheme (LMCS) Year 2009 SME E‐Biz Portal 19.02.2015 SME / Start‐up Digital India 01.07.2015 Start‐up “Skill India” Logo 16.07.2015 SME / Start‐up Start‐up India 16.01.2016 Start‐up SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants Huge Data AvailabilityHuge Data Availability Campaign Link Make‐in‐ India (MII) www.makeinindia.com Zero Defect Zero Effect (ZED) www.zed.org.in Lean Mfg. Competitiveness Scheme (LMCS) DCMSME / MSME / QCI / NPC E‐Biz Portal www.ebiz.gov.in Digital India www.digitalindia.gov.in Skill India www.skilldevelopment.gov.in Start‐up India ‐ SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 15. What is MII?What is MII? • Launch Date: 25.09.2014 • An initiative of the GOI to encourage multi‐ national, as well as domestic, companies to manufacture their products in India • Campaign was designed by Wieden + Kennedy (Associated with popular campaigns of Nike “Just do it”, Coca‐cola, Honda, P&G, ESPN, Microsoft, etc.) What is MII?What is MII? AIMS • Top destination globally for FDI, surpassing China as well as the US • To focus on job creation and skill enhancement in 25 sectors of the economy • Production at high quality standards and minimising the impact on the environment • Job creation • India ‐ Self‐reliant country & Global Recognition
- 16. 25 Sectors25 Sectors Automobiles Food Processing Renewable Energy Automobile Components IT and BPM Roads & Highways Aviation Leather Space Biotechnology Media and Entertainment Textiles & Garments Chemicals Mining Thermal Power Construction Oil & Gas Tourism and Hospitality Defence Mfg Pharmaceuticals Wellness Electrical Machinery Ports and Shipping Electronic Systems Railways 100% FDI is permitted in all the above sectors, except for space (74%), defence (49%) and news media (26%) www.makeinindia.comwww.makeinindia.com
- 17. • Participation – 2500 – International Companies – 8000 – Domestic Companies – 68 Countries – Foreign Government Delegations – 72 Countries – Business Teams – 17 – Indian States • Asper Mr. Amitabh Kant (DIPP Secretary) – Investment commitments – INR 15.2 Lakh Cr. (US$ 220 billion) – Investment inquiries ‐‐ INR 1.5 Lakh Cr. (US $22 billion). – Maharashtra Investment Commitments – INR 8 Lakh Cr. (US$120 billion) MakeMake‐‐in in India WeekIndia Week‐‐ 13 13 –– 20.02.16 20.02.16 –– MumbaiMumbai Work so FarWork so Far
- 18. Part of MakePart of Make‐‐in Indiain India • Ease of Doing Business • ZED (Zero Defect Zero Effect) • Skill India • Ebiz Portal • Lean Mfg. Competitiveness Scheme (LMCS)
- 19. Recalculated as 134 Ease of Doing BusinessEase of Doing Business Ranking upgradation Topics DB 2016 Rank DB 2015 Rank Change in Rank Overall Ranking 130 134 +4 Starting a Business 155 164 +9 Dealing with Construction Permits 183 184 +1 Getting Electricity 70 99 +29 Registering Property 138 138 No change Getting Credit 42 36 ‐6 Protecting Minority Investors 8 8 No change Paying Taxes 157 156 ‐1 Trading Across Borders 133 133 No change Enforcing Contracts 178 178 No change Resolving Insolvency 136 136 No change Source: www.doingbusiness.org SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants Target: Top 50
- 20. Principles of Ease of Doing Business • Convert from manual to online • Eliminate touch points with applicants • Prepare checklists, adhere to them • Prepare timelines, punish delays • Share information across platforms • Eliminate unnecessary steps and requirements • Promote self‐compliance, self‐certification
- 21. 16 Punjab 36.73% State – wise Ranking Source: Assessment of State Implementation of Business Reforms, September 2015 published by DIPP DIPP InitiativesDIPP Initiatives • Constitution of 11 members ‐ Expert Committee under DIPP (06.04.2015) – Business Reform Action Plan for States/UTs Implementation Guide for States (Dec, 2015) – Recommendation to States (340 Final Points) – Largely State Subjects
- 25. Implementations so farImplementations so far • Industrial Licence (IL) + Industrial Entrepreneur Memorandum (IEM) Online Ebiz (24X7) + Simplified Application Forms • Industrial Licence: Validity period: 2 yrs 3 yrs • Security clearances on IL applications by MHA within 12 weeks • 29 Services Linked on Ebiz portal • Limiting documents for Export & Import 3 • ……. Implementations so farImplementations so far Companies Act, 2013 • Integrated process of incorporation of a company (INC‐29) • Companies (Amendment) Act, 2015 • Notifications‐ 05.06.2015 (Exemptions to Pvt. Ltd. Cos.; Govt. Cos.)
- 26. Implementations so farImplementations so far Income‐tax • Budget, 2016 • Appeal and Cross‐Objections before ITAT & HC – revision in limit (Dec, 15) • Online Application before CIT (Not. 11/2016 dt. 01.03.16) • E‐Assessments (Reduction of interface) • Mandatory passing of 154 Notice (Instruction 2/2016 dt. 15.02.16) • Timeline for verification of Sec. 245 demand and issue of refunds (30 D 15 D) (Office Memorandum‐07.03.2016) • Taxability of surplus on sale of shares and securities ‐ Capital Gains or Business Income – (Circular 6/2016‐ 29.02.16) • Requirement of CA Certificate (Not.93/2015 dt.16.12.15) • Sec. 80JJAA Implementations so farImplementations so far Income‐tax – Sec 80 JJAA • 30% of additional wages paid to new regular workmen in a factory for 3 years • Budget 2016 – Min. days of Employment: 300 Days 240 days – 10% increase in number of employees deleted – First year of business: NA 30 % on all Salary – ……. vs.
- 27. Implementations so farImplementations so far Customs & Excise (Budget, 2016) • Changes in customs and excise duty rates on certain inputs, raw materials, intermediaries and components and certain other goods in sectors – Information technology hardware, – capital goods, – defence production, – textiles, – mineral fuels & mineral oils, – chemicals & petrochemicals, – paper, – paperboard & newsprint, – Maintenance repair and overhauling [MRO] of aircrafts and ship repair Country’s Brand StatusCountry’s Brand Status
- 30. ZEDZED• MSMEs contribute nearly 8% to the country's GDP, 45% to manufacturing output and 40% to exports. • India has close to 35 million MSMEs with 95% employing less than 10 people. The rest 5% employs 10 to 100 people. • Model to rate and handhold 1 million SMEs over the next 3 ‐ 5years to deliver top quality products using clean technology •• VisionVision To enable the advancement of Indian industry to a position of eminence in the global marketplace and leverage India’s emergence as the world’s supplier through the ‘Made in India’ mark. SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 31. ZED ZED ‐‐ MissionMission To develop and implement a ‘ZED’ culture in India based on the principles of: • Zero Defect (focus on customer) – Zero non‐conformance/non‐compliance – Zero waste • Zero Effect (focus on society) – Zero air pollution/liquid discharge (ZLD)/solid waste – Zero wastage of natural resources www.zed.org.in/mission.php SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants ZED ZED ‐‐ BenefitsBenefits • Credible recognition of the industry for international customers seeking investment in India • Streamlined operations and lower costs • Superior quality, reduced rejection and higher revenues • Increased environmental & social benefits • Additional employment generation • Other benefits as announced by the Government from time to time SAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants
- 33. Features Features ‐‐ LMCSLMCS Competitiveness Scheme (LMCS) More InformationMore Information Competitiveness Scheme (LMCS)
- 35. Skill IndiaSkill India • “Skill India Logo” launched by PM on 16.07.2015 • Aim to train over 40 Cr. people in India in different skills by 2022 • Initiatives include – National Skill Development Mission – National Policy for Skill Development and Entrepreneurship 2015, – Pradhan Mantri Kaushal Vikas Yojana (PMKVY) scheme; and – Skill Loan scheme SSSAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Features • Standards • Direct Fund Transfer • Demand‐drive targets • Target aligned to national flagship programmes and regions • Supply side perspective in target fixation • Recognition of prior learning (RPL) • Variable amount of monetary reward www.skilldevelopment.gov.in/pmkvy.html www.pmkvyofficial.org SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 36. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) Features • Robust regime for registration of training providers • Focussed awareness building and mobilisation activities • Improved curricula, better pedagogy and trained instructors • Enhanced monitoring • Mentorship support • Evaluation • Grievance redressal www.skilldevelopment.gov.in/pmkvy.html Process ManualProcess Manual SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants Research reports from KPMG SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 37. SSSAR & ASSOCIATES, Chartered AccountantsSAR & ASSOCIATES, Chartered Accountants SKILL INDIA Benefits As on 15 February 2016 • the Indian Leather Development Programme – Trained ‐51,216 youth in the past 100 days (Plan‐ 1,44,000 annually) • Four new branches of Footwear Design & Development Institute — at Hyderabad, Patna, Banur (Punjab) and Ankleshwar (Gujarat) — are being set up to improve training infrastructure – The industry undergoing acute skill shortage and most of the people trained are being absorbed by the industry Source: en.wikipedia.org/wiki/Skill_India SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 38. SKILL INDIA Benefits UDAAN • Special Industry Initiative for J&K to provide skills training and enhance the employability of unemployed youth of J&K • As on 10.07.2015 Source: www.skilldevelopment.gov.in/udaan.html Milestones Figures Youth who have joined Udaan training programs till date 10,555 Placement Offers Made 4,984 Cumulative Corporates successfully partnered with Udaan 74 Cumulative commitment for 5 years 94,300 Udaanselection drives conducted till date 585 SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants Scheme of Entrepreneurship Development Features • Educate and equip potential and early stage entrepreneurs across India • Connect entrepreneursto peers, mentors, incubators • Support entrepreneurs through Entrepreneurship Hubs (E‐Hubs) • Catalyse a culture shift to encourage entrepreneurship • Encourage entrepreneurship among underrepresented groups • Promote Entrepreneurship amongst Women • Foster social entrepreneurship and grassroots innovations Source: www.skilldevelopment.gov.in SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants
- 39. SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants StartStart‐‐upup • Launched 16.01.2016 • Encourage entrepreneurship. • India across the world as a start‐up hub. • 5 lakh schools to target 10 lakh children for innovation programme • MUDRA Loan (Shishu; Kishore; Tarun) (www.murda.org.in)
- 40. SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants DIPP Notification – 17.02.206 • Not a Start‐up? – entity formed by splitting up or reconstruction of a business already in existence – Turnover > Rs.25 Cr. OR after 5 years • For recognition as Start‐up – to obtain a certificate of an eligible business from the Inter‐Ministerial Board of Certification consisting of: • Joint Secretary, Department of Industrial Policy and Promotion, • Representative of Department of Science and Technology, and • Representative of Department of Biotechnology SSAR & ASSOCIATES, Chartered AccountantsSSAR & ASSOCIATES, Chartered Accountants DIPP Notification – 17.02.206
- 48. Others
- 50. PassPass‐‐outs vs. Placementsouts vs. Placements • No Job for 20‐33% out of the 1.5 million engineering graduates passing out every year run (http://dazeinfo.com) • 65 per cent passed students are jobless ‐ Campus Preparedness Survey 2015 (Source: http://liveonindia.com) • 34% employable (Survey of 1,00,000 candidates across India) – India Skills Report ‐ 3rd CII National Conference on Skill Development INDIA INDIA (Before General Election, 2014)(Before General Election, 2014)
- 51. Global ShareGlobal Share Brand IndiaBrand India • Rich Heritage • Strong Cultural Diversity • Huge Customer Base • Youth Population
- 52. Indians AbroadIndians Abroad • 15% of startups in Silicon Valley being founded by Indians (2014 study by Professor Vivek Wadhwa) • Sundar Pichai, CEO, Google • Satya Nadella, CEO, Microsoft • Vinod Khosla, Co‐founder, Sun Microsystems • Rashmi Sinha, Co‐founder, SlideShare • Shantanu Narayen, CEO, Adobe • Indra Nooyi, CEO, Pepsico • Srikanth ‘Sri’ Srinivasan, Judge for the US Court of Appeals for the District of Columbia Circuit (17.02.2016)
- 53. • The Most Innovative and Economical Method to accomplish the desired task by unusual / unimaginative means & ways • Juggad + Quality Processes need to be promoted though Start‐ups and spread Globally CHALLENGES BEFORE SMEsCHALLENGES BEFORE SMEs
- 59. Department / Functions Invisible Elements Live Wires Extended Team Organisation Structure Production Vacuum / Demand Leadership Computer‐ isation Customers Marketing Store Branding New Market MIS Suppliers Purchase Compliance Strategy Product Pricing Communication Accounts Treasury CSR Risk Mgt. Budgets Finance Quality Quality (Value) Fixed Asst. Mgt. Investment Training KPIs/ Dashboards Product Strategy Personnel Public Relations Document‐ ation Crisis Mgt. R&D Audit Personal Life Asset & Data Security Administration Packaging & Labeling Logistics PR
- 62. SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster • No Organisation can work without Team unless Fully Automated • Machines don’t create Life BUT People DO in an Organisation • Primary Difference between Winning & Losing Team is LEVEL OF MOTIVATION “Chak De” creates WONDERS UNEXPECTED gets created • REPLICATION OF PERFECTION is the need of hour • Expansion can HAPPEN with IN‐HOUSE BATTERY OF LEADERS • Team needs to be NURTURED SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster • Hire People with Quality Attitude • Constantly Identify Leaders for managing Depts / Responsibilities • Alignment of Personal & Departmental Goals with Organisation Goals by Constant Reinforcement • Culture of Internal Competition (Regular Appraisals, Appreciation, Recognition, Rewards …..) • Regular Training & Cross Skill ‐Training • Capture Feedback & Complaints (Implement or Resolve) • Define “Job Description” bring Clarity of Job Profile
- 68. SSAR & ASSOCIATES, Chartered accountantsSSAR & ASSOCIATES, Chartered accountantsGrow More …. Grow FasterGrow More …. Grow Faster • No Customer = No Profit = No‐Business • Average business doesn’t hear from 96% of unhappy customers • For every 1 complaint received, there are 24 people with unvoiced problems, 6 of which are serious • >= 90% who are dissatisfied with the service they receive will not buy again or come back • Of those who complain, 50% ‐ 70% will do business again if complaint is resolved. 95% will return if resolved quickly. • Average customer with a complaint tells 9 to 10 people, 13% tell more than 20 people. • Those who have complained and had resolution tell 5 people Keep ears on the Ground and Listen
- 72. FLOWFLOW
- 76. How Frequently SME checksHow Frequently SME checks •• Balance Sheet Balance Sheet (Where funds got stuck?)(Where funds got stuck?) •• P&L P&L (Whether Profit or Loss ?)(Whether Profit or Loss ?) •• ReceivablesReceivables Monthly / Quarterly / HalfMonthly / Quarterly / Half‐‐yearly / yearly / Yearly ???Yearly ???
- 78. • To Analyse Each Expense‐Head and Identify its Cost Drivers. • Enquire whether they can be Optimised to Improve the End‐Benefits (Cost‐ Benefit Analysis)
- 79. • Define Routines (Daily / Weekly /……..) • Ensure that they are carried out and become Habbits. • Actions ONLY create Reality.
- 80. DEFINEDEFINE
- 82. • TOOLS ARE MANY ……. • LOT OF IMPROVEMENT THEORIES (Lean, Six Sigma, TOC, ISO ….) • THE FOCUS IS ON BUSINESS IMPROVEMENT: – Cost Optimisation alongwith – Revenue Maximisation & SUCCEED
- 84. उित्तष्ठतउित्तष्ठत:: जामतजामत:: ूाप्यूाप्य:: वरािन्नबोधतवरािन्नबोधत:: AriseArise! Awake! Approach the great and ! Awake! Approach the great and learn.learn.