makeinindia-by rohan marthak

A L L R I G H T S R E S E R V E D @ C O P Y R I G H T

Rohan Marthak


Campaign launched

by

Prime Minister of India

SHRI NARENDRA MODI

MAKE IN INDIA


• Make India a manufacturing hub

• Generating employment

OBJECTIVE

• Eliminating the unnecessary laws and regulations

• Time-bound project clearances through a single online portal

HIGHLIGHTS


• Automobiles• Automobile

Components• Aviation• Biotechnology• Chemical• Construction• Defence

Manufacturing• Electrical

Machinery• Food Processing

• Electronic Systems

• 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• Wellness

SECTORS


(1) Starting a business (Rank 179) • Reduce time taken for registration from 27 days to 1 day • Integrate DIN, name availability and payment of registration fees and stamp duty. • Remove provisions related to company seal, minimum paid-up capital • Single registration for all labour reforms • Introduce unique company ID(2) Dealing with construction permits (Rank 182) • 35 procedures takes around 168 days • Remove overlapping, contracting laws, consolidate and streamline building laws at national and state level & make it one stop process.(3) Getting electricity (Rank 111) • 67 days and 7 procedures to get electricity connection – reduce it to 1 procedure and approval within a week • Issue required pollution control certificates in a day.

EIGHT MAJOR REFORMS


(4) Registering property (Rank 92) • 5 process requires around 30 days • Take process online with online payment facility (5) Paying Taxes (Rank 158) • Annually, 33 tax payments and approx 243 hours spent in filing taxes • Reduce number of taxes, simplify tax processes and allow online payment • Simplification of VAT refund and advance ruling of tax for state level taxes on the lines of Income tax Act(6) Enforcing Contract (Rank 186) • The trial and judgement –3 years; enforcing a judgement -305 days • Specialized fast track commercial courts with time bound decision with a proposed limit of 60 days • Provisions for not more than one adjournment for each party and make it enforceable

EIGHT MAJOR REFORMS


(7) Trading across borders (Rank 132) • For export –9 documents, takes 16 days & cost $1,170 • For Import –11 documents, takes 29 days & cost $1,250 • Reduce to 3 documents -bill of trading, commercial invoice and custom declaration • Allowing electronic submission & only risk-based inspections

(8) Resolving insolvency (Rank 121) • 4 laws -Company's Act, Sick Industrial Companies Act, SARFAESI Act and RDB Act • Introduce -Single bankruptcy law

EIGHT MAJOR REFORMS


AUTOMOBILES


• 2.15 million vehicles produced by 2013-2014 Reason to invest

• 7% of the country’s GDP by volume• By 2016, India is expected to be the fourth largest

automotive market by volume in the world. Growth Driver

• Two-wheelers and four-wheelers are projected to expand at a CAGR of 9% between 2015-20.

Sector Policy• Automatic approval for foreign equity investment up to

100% with no minimum investment criteria.

AUTOMOBILE


Reason to invest • 4th largest steel producer in the world• 2nd largest steel producer by 2016(Targeted)

Growth driver • Geographically, it is 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.

• Establishment of automotive training institutes and auto design Centre's, special auto parks and virtual SEZs for auto components.

AUTOMOBILE 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• New Exploration Licensing 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.

OIL & GAS


TEXTILE INDUSTRY


Contribution to GDP – 4% & employs over 40 million peopleReason to invest

• Second largest manufacturing capacity globally.• Availability of abundant raw material and comparative advantage of – skilled manpower and low cost of production

Sector policy• Specified goods imported for use in the manufacture of textile garments for export are fully exempt from (BCD) and (CVD) • Additional Depreciation under Income tax Act, 1961 Depreciation @ 15% of cost of new P&M to companies investing more than INR 1 billion in plant & machinery acquired and installed between 01.04.2013 to 31.03.2015.

TEXTILE INDUSTRY


IT & BPM


USD 125 Billion – expected 2015 revenues.Reason to invest

• The IT-BPM sector constitutes 8.1% of GDP and contributes significantly to public welfare.

Growth driver • The sector includes 600 Offshore Development Centers (ODCs) of• 78 countries.

Sector policy • National Policy on Information Technology aims to increase

revenues of IT 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.

IT & BPM


TOURISM & HOSPITALITY


Reason to invest• Contribution to GDP- 6.8% & third largest sector foreign exchange earner.

Growth driver• Initiatives like - Incredible India! and AthitiDevoBhava• Visa on Arrival facility -influences tourists’ travel plans to any country.• One of the fastest growing economy and boosting corporate sector.

Sector policy• Exemption on sale/lease of land, concessional interest on loan.• Under section 35A - 100% deduction in respect of the whole or any expenditure of a capital nature excluding land, goodwill and financial instruments incurred during the year.

TOURISM & HOSPITALITY


The project 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 to be developed in the plan of the DMIC project

LIVE PROJECTS


In the first phase, seven cities are being developed. Uttar PradeshHaryanaRajasthanMadhya 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.

FIRST PHASE


SECTORS FOCUSED

General Manufacturing

Electronics

Automobile

Metals and metallurgical products

Pharmaceuticals and Biotech


SECTORS FOCUSED

Food Processing

Agro Heavy Engineering

Information Technology

Services sector


CORRIDOR’S PENTAGON


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 7 to 9 years.

DMIC IMPACT IN INDIA


NEW INITIATIVES

• Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24×7 basis through e-Biz portal.

• Validity of Industrial license extended to three years.• Services of all Central Govt. Departments & Ministries will be

integrated with the e-Biz – a single window platform for services by March 2015.

• Process of obtaining environmental clearances made online.• All returns should be filed online through a pre-specified

form.• Liberalizing of FDI policy for various sectors to attract

investments.• Various Tax deductions for operating in the manufacturing &

services sectors.


THANK YOU

makeinindia-by rohan marthak

Economy & Finance