This document summarizes a presentation given by Dr. A Didar Singh, Secretary General of the Federation of Indian Chambers of Commerce & Industry (FICCI). The presentation covered several topics:
1. It provided an overview of India's economic growth since reforms began in 1991, highlighting growth rates, trade, investment, and rankings on various indicators that have improved.
2. It discussed India's manufacturing sector, noting that manufacturing as a percentage of GDP has remained stagnant while globally India lags in manufacturing competitiveness.
3. It introduced the key policy initiatives of "Make in India" and improving ease of doing business to boost manufacturing in India.
4. It reviewed some reforms in factor markets
Kegler Brown and the Ohio Development Services Agency presented "Succeeding in India: Business and Legal Insights" on Tuesday, October 14, with Dr. Manoj Kumar Mohapatra, Deputy Consul General, Consulate of India, New York, as the keynote speaker.
Topics included legal intelligence when conducting business in India, how the Ohio Development Services Agency can help Ohio businesses and a panel of local business leaders provided insight and practical advice from their experiences in India.
Kegler Brown and the Ohio Development Services Agency presented "Succeeding in India: Business and Legal Insights" on Tuesday, October 14, with Dr. Manoj Kumar Mohapatra, Deputy Consul General, Consulate of India, New York, as the keynote speaker.
Topics included legal intelligence when conducting business in India, how the Ohio Development Services Agency can help Ohio businesses and a panel of local business leaders provided insight and practical advice from their experiences in India.
FDI is a new age investment strategy which have its added and advantages, but some ill effects may also follow it. In this presentation FDI has been favored in the hope that FDI can be an effective tool to solve the problems in agricultural sector for country specially like India .
A research paper prepared by me on the Manufacturing Sector In India. It contains a SWOT analysis and possible outcomes in the future for the industry.
FDI is a new age investment strategy which have its added and advantages, but some ill effects may also follow it. In this presentation FDI has been favored in the hope that FDI can be an effective tool to solve the problems in agricultural sector for country specially like India .
A research paper prepared by me on the Manufacturing Sector In India. It contains a SWOT analysis and possible outcomes in the future for the industry.
A lucid and attractive presentation on the topic - "Ease of Doing Business in India". Discussion is done on both the basics as well as the nitty-gritty of the topic.
Social and cultural Environment - International Business - Manu Melwin Joymanumelwin
The socio-cultural fabric is an important environmental factor that should be analysed while formulating business strategies. The cost of ignoring the customs, traditions, taboos, tastes and preferences, etc., of people could be very high.
In this presentation, we will discuss about International Business Environment while focusing on the factors to globalize a business. Types of international business, growing importance to globalize, motivators to become an international company for a domestic firm will also be discussed here. Various favorable business environment and strategic decisions that influence and affect international business will be discussed along with.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
CII Business Confidence index increases markedly in Apr-Jun 2016 as business expectations improve: CII
Indian industry remained upbeat about the business environment in the first quarter of FY2016-17, as borne out by a significant pick-up in the CII Business Confidence Index (BCI) for Apr-Jun 2016. The CII-BCI increased to the level of 57.2, up from the level of 54.1 recorded in the previous quarter. The index has been steadily climbing since the last three quarters.
Over the long term, the Indian manufacturing sector has performed exceedingly well. During the last three decades, the sector has grown at a steady annual rate of 13% (nominal), surpassed by just two other countries over this time–China and South Korea. However, considering its potential and the country's promise in terms of job creation, India still has a long way to go–both the government's target of 25% contribution to economy and 100 million new jobs are still a far cry from where we are. While a lot has been said about the sector's potential, we examine a few central areas critically. We start by taking a look at the government initiatives that aim to promote manufacturing. We recognize the magnitude of progress already achieved across several areas, from infrastructure, to 'ease of doing business', to labour reforms. We conducted a poll of industry leaders to record their feedback on government performance (which is quite positive, overall). We also study the accelerating trend of technology in manufacturing– cumulatively called Industry 4.0. We observe that there are many more Indian examples now than before of “Industry 4.0", and we recognize that the advanced adoption of technology trends could be a major differentiator as we evolve into a manufacturing powerhouse. India is adopting I4.0 on its own terms and the rate of adoption is accelerating. Our survey of manufacturing leaders indicated that over 58% of respondents indicated over 50% of their processes will get automated in the next 10 years. Implications of I4.0 on job creation will be substantial and transformative. Nature of jobs will become more 'phygital'. Organizations will become flatter and skilling programs will become more analytical and 'soft' at the same time. Thus companies and governments need to radically rethink their organizations, their training programs and approach to HR to cope with the new normal. We strongly believe that the industry is at a tipping point. How Indian manufacturing reacts to technology adoption could be the difference between gaining its rightful prominence in the global manufacturing stage and getting stuck in a catchup game as early adopter economies take the lead and realize huge productivity dividends. We hope this report provides a perspective on the path forward for the Indian manufacturing sector and spurs action among various stakeholders.
EY India Attractiveness Survey 2015 – Top Reasons to Invest to Invest in India EY
Investors see India speeding up pace towards becoming world's top destinations for manufacturing. Check out this detailed infographic on what’s activating growth in India.
EY India Attractiveness Survey 2015 – Reasons to Invest in India & Key Factor...EY
With leading 32% of the investors ranking India as the most attractive market this year, India has emerged as No. 1 FDI destination in the world during the first half of 2015. Download the India Attractive Survey to know more.
Growth and Development of FDI on Indian EconomyIJMER
India has been attracting substantial of foreign direct investment since last few decades,
highly in services sector, telecommunications, software products, real estate etc. FDI are highly
promoting manufacturing sector of India’s exports & attracting more number of earnings on Foreign
exchange, Institutional Investments, MNCs and speeding up our economic growth through Technology
transfer, Employment generation and improved access to managerial expertise, global capital, product
markets and distribution network. FDI bring out the generation-wise innovation, hidden technology,
spending more on research & development to retain our strength in the globalised competitor
products. Indian economy is going to over track the developed and developing countries. Recently, due
to the recession most of the countries have not able to run their investment as well, but India has been
managed better then developed country without elevated struggling. This paper analyzes the growth
and development of FDI and it discussed the Indian economic growth through FDI. In addition it
explains and showed the various sector-wise FDI performances in India
Fdi in india:An analysis on the impact of fdi in india’s retail sectorSubhajit Ray
This presentation aims to briefly discuss the critical aspects of FDI in India, present a case study on the success of reforms in the telecommunications sector, analyze both sides of the arguments currently going on regarding FDI in retail and conclude with suggestive measures on the part of the government which can eliminate the negative effects of allowing FDI in India’s retail sector.
Similar to Presentation on #MakeInIndia for Indian School of Business, Mohali (20)
As in the real world, the digital economy has also thrown up its share of shifting buzzwords. From ‘e-Commerce’ and ‘dot.com’ at the turn of the century, the last couple of years have thrown up ‘ICT’ as the all encompassing technology and for business the newest buzz is undoubtedly ‘outsourcing’. Rarely has a single trend impacted global business and industry these last few years as much as outsourcing or ‘off-shoring’ as it is referred to in the US. Coming along with the compulsions of globalisation mandated by the WTO agreements it has helped develop new markets, improved bottom lines, expanded the range of goods and services and pulled the planet together into a tighter-knit community. This opportunity of outsourcing from the perspective of developing economies is ICT services export.
The potential of e-Commerce and e-Trade is no longer a matter of debate. Despite the initial hype and subsequent dot-com crash, it has moved into the realm of a noteworthy reality. Since e-Commerce already affects the economic relations between and within countries and since it will continue to do so more and more, e-Commerce has to be considered as a matter of key policy consideration. As such, developing countries must not only appreciate and address its potential for industrial and trade growth, but also consider it as a means of survival in this new world of Internet-based business and trade.
What are the ingredients that have made India’s ‘Silicon Valley’ as successful as a technology cluster with national and global impact? Can these be replicated? What collective role can industry, workforces, educators and government policymakers play in creating such successful clusters in their own countries?
A Rainbow Technology for a Rainbow People: E-Business Capacity Development fo...Alwyn Didar Singh
Why does the CARICOM need capacity development in E-Business?
As e-Commerce growth becomes more and more significant, the CARICOM countries will need not just to understand, but in fact to actively engage in it. Not only for realizing it’s potential of growth for their trade and industry but also as a means of survival in the new world of e-Commerce-based trade and business. Their ability to do so will depend on several factors, such as their infrastructure, both physical (the telecommunication network), as well as the financial and legal framework, including the business and trade environment conducive to e-Business. It will also depend on the availability and price of hardware (computers, routers, switches etc.) and software, as well as the human resource and education standards of the country.
As in the case of several developing countries, these essential ‘factors of eproduction’, so to speak are not necessarily in place or are in limited supply. In order to take active part in the new economy as well as be prepared for the adaptation and use of e-Business for old economy transactions especially for international trade and commerce, these countries and their enterprises need to come up to speed and become e-enabled. Section I of this report outlines the objectives, methodology and rationale for the study and also places in perspective the importance of e-Business for developing countries such as those of the Caribbean. The CARICOM member states also need to prepare for discussions on e-Commerce in the international arena, especially the WTO and FTAA. They need to understand, and assess carefully from their perspective, the pros and cons of the different proposals and issues in this connection that could emerge at these forums. They will thus need to appreciate the possible impact of this new phenomenon on their economies and work out appropriate strategies and responses to it. This section also summarizes these issues.
In order therefore to develop an e-Business capacity development strategy, this CFTC Mission, was so designed as to first carry out a diagnostic analysis to assess how e-Ready the CARICOM member states are and then make recommendations towards a possible blueprint for the future.
ICTs and Enterprises in Developing Countries: Hype or Opportunity?Alwyn Didar Singh
The role of ICTs in the development of small enterprises has been much discussed. This document brings together material from a wide variety of sources, including development agencies, governments and the private sector. In particular, it aims to present current realities, rather than to emphasize what might one day be possible. It is clear that ICTs are transforming many aspects of life for enterprises; many of the impacts will, however, take many years to fully materialize
Electronic Commerce: Issues of Policy and Strategy for IndiaAlwyn Didar Singh
Electronic commerce has been identified as one of the key areas for policy research among the WTO-related issues in the area of Services. Despite the much talked about dotcom crash, e-commerce continues to be an extremely important development and vehicle for trade. Economies and enterprises across the globe are integrating their systems with this digital reality. For international trade, the use and benefits of Information Technology (IT) are obvious and growing.
India’s success in the digital economy - Some lessons for the SouthAlwyn Didar Singh
As a symbol of globalisation and in many ways its leading feature, e-commerce also represents one of its distinguishing characteristics, i.e. where the extension of the international division of labour goes beyond international trade to geographic enclaves in different stages of the production chain6. The development of the software industry in India, and especially its initial concentration in Bangalore, represents this very unique feature of the new digital economy. It illustrates the impact of global value adding networks and supply chains as well as local development and growth – now beginning to occur at multiple levels
Regional E-Trade Report for the Caribbean CommunityAlwyn Didar Singh
a unique exercise in re-interpretation, adaptation and modification that brings together an interesting collaborative effort of two international agencies for a common cause – the e-Trade capacity building for the CARICOM
Electronic commerce some implications for firms and workers in developing cou...Alwyn Didar Singh
The potential of eCommerce is no more a matter of debate. From the world of hype and fantasy it has moved into that of digital reality. Electronic commerce looms large on the horizons of tomorrow, and it promises to transform trade and industry in ways not yet imagined or comprehended. Its impact of course is expected to go far beyond commerce to affect the lives of millions of Internet users, consumers, workers and producers.
This working paper was written in October 1999 by Dr A. Didar Singh, a senior civil servant (retd) and international trade expert as a guest consultant at the South Centre, Geneva
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
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Presentation on #MakeInIndia for Indian School of Business, Mohali
1. Federation of Indian Chambers of Commerce & Industry
Federation of Indian Chambers of Commerce & Industry
Presentation by
Dr A Didar Singh
Secretary General, FICCI
Indian School of Business, Mohali March 6, 2016
2. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
3. Federation of Indian Chambers of Commerce & Industry
2nd
Largest pool of
scientists &engineers
3rd
Largest economy
in PPP terms
(behind US and China)
USD 350 bn
FX reserves (US$2
bn in 1947)
7.2%
growth in 2014-15
7.6%
estimated growth
rate in 2015-16
650 mn
India’s labor force by
2030, fastest growth in
the world.
1.3 bn
Population in 2014. (360 mn
in 1947; 1.65 bn by 2050)
$1.8 tn
GDP in 2014 (21 times
increase since 1947)
USD 32.6 bn
FDI in 2014-15
Indian Economy: Snapshot
3
Last two decades have seen India emerge as an important economy on the global map
4. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Indian economy: 3rd largest in the world
Percentage Share in Global GNI (PPP) - 2014
Others
44.0
China
16.5%
United States
16.4%
India
6.7%
Japan
4.4
Russia
3.3
Brazil
3.0
Indonesia
2.4
South Korea
1.6
Thailand
0.9
(USD 7.3 trillion)
5. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India vs other emerging economies
Composition of GDP (% value added)
5.6
23.4
71.0
Brazil*
4.2
35.8
60
Russia*
16.1
31.4
52.5
India#
Agriculture
Industry
Services
*Data for the year 2014
#Data for the year 2014-15
9.2
42.6
48.2
China*
2.5
29.5
68.0
South Africa*
6. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
7. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India embarked on an all round economic reforms
programme in the year 1991 that continues…
8. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Trade and
Fiscal reforms
Industrial
reforms
Financial
reforms
Infrastructure
reforms
Social sector
reforms
1991 2015
Fiscal policy
reforms
•Direct Taxes:
Corporate and
income tax rates
brought down;
list of exemptions
pruned
•Indirect Taxes:
Customs rate
lowered, central
excise and state
sales tax regimes
progressively
modified towards
value added tax
(VAT)
Industrial policy
reforms
•Industrial
licensing
abolished
•Public sector
policy reformed
(reduction in
number of
industrial sectors
under Public
sector, etc.)
•MRTP Act
amended
Financial sector
reforms
•Interest rates
deregulated
•Limits on
government
borrowing from
RBI imposed
•More freedom to
banks allowed
External sector
reforms
•Import licensing
abolished; tariff
rates brought
down
•SEZs formed
•Market
determined
exchange rate
introduced, rupee
convertibility
introduced
•FDI policies
liberalized
Infrastructure and
Social sector
reforms
•PPP encouraged
•Private sector
given a larger role
to play in sectors
like telecom
• Steps taken to
leverage on
private sector’s
efficiency in
service delivery in
sectors like
education and
health
Steady reforms over last two decades
9. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India’s growth performance since 1991
Trend in India’s GDP growth (at market prices)
• Economy grew at an average rate of 5.7% during the nineties.
• Impact of reform measures became more visible during 2000s. Between 2004 and 2008 - average 8.8% growth.
• After witnessing a slowdown in growth during 2012-13 and 2013-14, the economy is now recovering.
• Projected growth of 7.6 percent for 2015-16.
9
1.1
5.5
4.8
6.7
7.6 7.6
4.1
6.2
8.5
4.0
4.9
3.9
7.9 7.9
9.3 9.3 9.8
3.9
8.5
10.3
5.5 5.6
6.6 7.2 7.6
0
2
4
6
8
10
12
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
GDPMP Growth (%)
11. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Foreign investment surged with liberalisation
5.1 6.1
2.4
6.8 6.0
13.0 14.8
8.3
41.6
46.7
73.6
-20.0
-10.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
Foreign Direct Investment Portfolio Investments Foreign Investment InflowUSD billion
• India’s attractiveness as a prime investment destination has increased manifold.
• In 1991-92, foreign direct investment flows were US$ 129 mn and portfolio investment flows US$ 4 mn.
• In 2014-15, the foreign investment inflows have seen a tremendous growth, rising to US$ 73.6 billion.
• Today, most of the Fortune 500 companies have a presence in India.
Impact on Foreign Investments
11
12. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India today: Bright spot in the global economy
12
India’s ranking across various indicators has improved
Transparency International’s
Corruption Index
WEF’s Global Competitiveness
Index
India scales up 9 ranks to 85th in 2014 from 94th in 2013
India has moved up by 16 positions to Rank 55th in 2015-
16 from 71st in 2014-15.
Financial Times’ fDi Markets India becomes number one FDI destination during the
first half of 2015 from 5th position during first half of 2014
EY’s Investment Attractiveness
Survey
India ranks first in 2015 survey as against 4th in 2014
survey
World Bank’s Doing Business India moves to rank 130 in DB2016 as against 142 in DB 2015
13. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
14. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Long term trend - Manufacturing share in GDP
Share of Manufacturing in India’s GDP
15.1
14.2
16.6
15.5
15.0
15.4
16.0
15.8
16.3
15.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
16.0
16.5
17.0
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
Manufacturing Share (’90s) – 15.3% Manufacturing Share (’00s) – 15.6%
• Share of Manufacturing in India’s GDP has remained stagnant for nearly three decades
Source: CMIE
15. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Where do we stand globally?
Source: World Bank and International Trade Statistics
* China and Hungary 2010 data, US and Japan 2011
12
13*
13
14
17
19*
21
21
22
23*
24
24
31
32*
34
0 10 20 30 40
South Africa
United States
Brazil
India
Vietnam
Japan
Singapore
Philippines
Germany
Hungary
Malaysia
Indonesia
Korea
China
Thailand
2012
Manufacturing (value added) as % of GDP Manufactured exports as % of world exports
0.3
0.4
0.6
0.7
0.7
0.8
1.2
1.4
1.6
2.5
4.0
6.2
9.6
10.4
16.8
0.0 5.0 10.0 15.0 20.0
South Africa
Philippines
Indonesia
Viet Nam
Brazil
Hungary
Malaysia
Thailand
India
Singapore
Korea, Republic of
Japan
United States
Germany
China
2012
16. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Manufacturing Competitiveness
Source: Global Manufacturing Competitiveness Index, 2013, Deloitte & Council of Competitiveness
• India is less competitive on most competitiveness drivers
Except labour cost
17. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Why Manufacturing Matters?
Manufacturing – A lost opportunity and a vital link missing in India’s growth story
The sector can immensely contribute to
GDP
Exports
Jobs
Manufacturing Growth at 12-14%
CAGR needed for overall GDP
growth of 8%
India’s Employment requirement –
Need to add one million jobs each
month (~12 million each year)
Export push – through global
competitiveness of Indian
manufacturing
Target Share of manufacturing – 25%
of National GDP by 2022
17
18. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
What is holding us from being competitive?
Manufacturing
Competitiveness
Logistics/Infra
Inputs:
Availability &
Cost
Regulatory
Environment
and access to
the national
resources
Procedures
Taxation
18
19. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
20. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
A beginning made in reforming Factor Markets…(1)
Amendments proposed in major labour laws, consultations in progress
Unified Single Web Portal for Labour Law Compliance launched
Some states like Rajasthan have amended their labour laws, which provides greater flexibility
for employers
Employment linked incentives introduced in Union Budget 2016-17 (Government to pay EPFO
contribution of 8.33% for all new employees for the first three years of their employment)
20
Labour
Union Budget 2016-17 proposes digitisation of land records through National Land Record
Modernisation Programme
Some states like Gujarat and Madhya Pradesh have set up land banks
Land
21. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
A beginning made in reforming Factor Markets…(2)
Amendment to Coal Mines (Provision) bill paves way for competition, efficiency & transparency
Ujwal Discom Assurance Yojna (UDAY) to provide relief to State power distribution firms
Free Natural gas pricing under the Marginal Fields Policy
Thrust laid on renewable energy
21
Power sector
Micro Units Development Refinance Agency (MUDRA) bank launched
Indradhanush reforms announced to revamp Public Sector Banks
Allocation of Rs. 25,000 crores towards recapitalization of Public Sector Banks
Relaxation of ECB guidelines
Insolvency and Bankruptcy Bill tabled in Parliament
Small Savings Interest Rate Framework being reviewed
Capital and Finance
22. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Ease of Doing Business – Work in Progress
Target to improve India’s rank in Doing Business (to 50)
Regulatory procedures being simplified
Digitisation underway for application of industrial licenses, filing of returns, seeking
approvals and clearances related to environment, construction permits, etc.
Launch of E-Biz Portal
Various announcements made under “Start-Up India” campaign to facilitate ease of
doing Business for Start-ups
Encouraging States to implement best practices on ease of doing business
22
23. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
24. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Make in India
24
Mega campaign of the government to boost manufacturing sector
25. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
25
26. Federation of Indian Chambers of Commerce & Industry
New Infrastructure
• Industrial Corridors
• Industrial Clusters
• Smart Cities
New Sectors — Liberalized FDI Policy
• Opening of Rail infrastructure sector
• FDI cap raised in Defence and insurance
• Simpler norms of FDI in Construction
• Opening of medical devices sector
New Processes
• Ease of Doing Business
• De-licensing & Deregulation
New Mindset
• Dedicated team for assistance and handholding
• Focused targeting of companies across sectors
Make in India vision:
Facilitate Investment
Foster Innovation
Protect IP
Build Infrastructure
Make in India: 4 pillars of development
26
27. Federation of Indian Chambers of Commerce & Industry
Opening up Foreign Direct Investment in key sectors
DEFENCE
Composite cap in
manufacturing
increased to 49%
from 26%, with full
Indian management
and control;
FDI beyond 49%
allowed on case to
case basis
RAILWAYS
100% FDI under
automatic route
permitted in
construction, operation
and maintenance in Rail
Infrastructure projects
CONSTRUCTION
100% FDI allowed
through automatic route;
Minimum floor area
reduced to 20,000 sq mt;
Minimum capital
requirement reduced to
USD 5m;
Easing of exit norms
49% FDI permitted in
Insurance
100% FDI permitted in
Medical devices
100% FDI under
automatic route in
single-brand retail
28. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Infrastructure Push
Thrust on infrastructure in two consecutive Union Budgets
Budget 2015-16
Additional Rs. 70000 crore spend in physical infrastructure
Rs 8.6 trillion (~ US$ 132 billion) in railways over 5 yrs; Rs 70,000 cr (~ US$ 11 billion) on Sagarmala
ports project
National Investment and Infrastructure Fund introduced
‘Plug and play’ approach in case of UMPPs adopted
Budget 2016-17 announcements
Total outlay for infrastructure – Rs. 2,21,246 crores (22.5 percent higher over the previous fiscal)
A Public Utility (Resolution of Disputes) Bill will be introduced during 2016-17 for resolution of
disputes in infrastructure related construction contracts, PPP and public utility contracts
Guidelines for renegotiation of PPP Concession Agreements to be issued
New credit rating system for infrastructure projects to be introduced
28
30. Federation of Indian Chambers of Commerce & Industry
Delhi Mumbai Industrial Corridor Project
31. Federation of Indian Chambers of Commerce & Industry
Delhi-Mumbai Industrial Corridor:
work on 5 smart cities in progress:
Dholera, Shendra-Bidkin, Greater
Noida , Ujjain and Gurgaon
Impetus on developing Industrial Corridors and Smart Cities
‘National Industrial Corridor Development
Authority’ being created to coordinate,
integrate, monitor and supervise
development of all Industrial Corridors.
Chennai-Bengaluru Industrial Corridor:
Master Planning for 3 new Industrial
Nodes [Ponneri (TN), Krishnapatnam
(AP), Tumkur (Karnataka)] in progress.
Amritsar-Kolkata Industrial Corridor:
DMICDC selected as Nodal Agency
for doing Feasibility Study, which is
being conducted at fast pace.
Chennai-Vizag Industrial Corridor:
Feasibility Study commissioned
by ADB.
Bengaluru –
Mumbai
Economic
Corridor
North-East Link to
Myanmar with
Industrial
Corridors
Enabling Manufacturing through Industrial Clusters
32. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
33. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Doing Business in India – Efforts toward Target of Rank 50
India ranks 130 out of 189 in 2016
142
114
120
90
62
39
29
0 50 100 150
India
Indonesia
Brazil
China
Russian Federation
Mexico
Japan
Ease of Doing Business Ranking 2015
130
116
109
84
51
38
34
0 20 40 60 80 100 120 140
India *
Brazil *
Indonesia *
China *
Russian Federation *
Mexico *
Japan *
Ease of Doing Business Ranking 2016
34. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Doing Business 2016 – India’s Rank across Parameters
India’s Rank in 10 parameters of Doing Business 2016
Centre of this Circle indicates 1st Rank (overall)
Sub-Topic
Ranking for indicator
DB2015 DB2016 Change
Starting a business 164 155 + 9
Dealing with construction
permits
184 183 +1
Getting electricity 99 70 + 29
Registering property 138 138
No
change
Getting credit 36 42 (-) 6
Protecting minority investors 8 8
No
change
Paying taxes 156 157 (-) 1
Trading across borders 133 133
No
change
Enforcing contracts 178 178
No
change
Resolving insolvency 136 136
No
change
35. Federation of Indian Chambers of Commerce & Industry
Ease of Doing Business Improvement in States
Reform Area Measures Undertaken
Single window Punjab - Unified single window for all State Regulatory and Fiscal Incentive Approvals.
Andhra Pradesh - Online single window system for filing, payment, status tracking,
online scrutiny and approval of applications.
Land Madhya Pradesh and Gujarat - published details on the available land banks in the
state.
Gujarat implementing a robust GIS system - information on land earmarked for
industrial use.
Construction
Permits
Madhya Pradesh - implemented Comprehensive Automated Building Plan Approval
System (ABPAS)
Environmental
Clearances
Gujarat - implemented an end-to-end online system for consents and authorizations
Gujarat Pollution Control Board (GPCB) uses eXtended Green Node (XGN) - an IT
solution for various pollution control board clearances.
36. Federation of Indian Chambers of Commerce & Industry
Reform Area Measures Undertaken
Labour Jharkhand’s key initiatives:
comprehensive online workflow based portal
Self-Certification for renewal and returns
Single joint inspection in 5 years for compliance with the 14 Labour Laws
Infrastructure Maharashtra offers detailed information on procedure and timelines for obtaining
various infrastructure connections.
Taxation Andhra Pradesh - implemented online system for registrations and return filing under
VAT and other State taxes.
Karnataka - online platform for registration, filing and payment under various State
taxes .
Enforcing
Contracts
High Court in Maharashtra has constituted and prescribed 7 commercial benches
exclusively for resolving commercial disputes.
Ease of Doing Business Improvements in States…(2)
37. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
India: The Big Picture
Policy reforms that turned the Indian Economy
India’s Manufacturing Sector
Key Policy Initiatives
Make in India
Governance and Ease of Doing Business
Policy Suggestions
1
2
3
4
5
6
7
38. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
While India has achieved success in implementing
first generation reforms…
…Factor Market Reforms have only just begun
A lot more action is required…
39. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Land
• Put in place a stable and balanced land policy that provides certainty
• Encourage digitisation of land records
• Encourage creation of Land Bank Corporations by all States
Capital Availability
• Promote consolidation amongst banks
• NAMCO to address NPA and stressed assets challenge
Desired Reforms in Key Areas
Labour
• Consider grandfathering existing laws for existing workforce, amended
contemporary laws for new entrants
• Consolidate multiple labour laws in two or three categories
Energy Security
•Attract foreign capital in upstream oil and gas segment
•Rationalize energy pricing mechanism
•Encourage States to introduce reforms in distribution, grid discipline
40. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Infrastructure
• Leverage ‘annuity model
•Under ‘National Investment and Infrastructure Fund’, consider earmarking certain
sectors as ‘focus sectors’ on an annual basis
• Initiate Privatization of public sector ports
Taxation
• Introduce binding statutory timelines for adjudication of matters relating to
indirect taxes.
• Proactively clarification of contentious tax related issues
Desired Reforms in Key Areas
External Trade
• Curb imports of natural resources that are available in abundance domestically
• Review of FTAs
Governance
• Ensure clarity in policy formulation, greater certainty in legislative interpretation
• Universalize best practices across all areas of approvals and clearances
• Strengthen legal and judicial infrastructure
41. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Executive Actions needed to enable Make-in-India
41
Reform Area Required Executive Actions
Labour Inspection Place a cap on the time duration of records summoned by the Inspector
Factory Licensing Factory licence once granted should remain valid for a period of 5 years.
Provisions related
to lay-offs
Appropriate guidelines should be added to the provisions of the Industrial
Disputes Act 1947, regarding the parameters and circumstances under which the
appropriate Government should grant or withhold permission with respect to lay-
offs.
42. Federation of Indian Chambers of Commerce & IndustryFederation of Indian Chambers of Commerce & Industry
Reform Area Required Executive Actions
Government procurement Need for a holistic procurement policy to leverage Government
Procurement as the instrument for encouraging domestic
manufacturing.
Tax related disputes Introducing binding statutory timelines for adjudication of matters
relating to indirect taxes to bring clarity on the tax related disputes.
Simplification of trade
procedures
Simplification of the Complex procedures and criteria for major trade
facilitating mechanisms for high-performing manufacturers and service
exports.
42
Executive Actions needed to enable Make-in-India…(2)