Transcript India-Japan opportunities

Making of manufacturing driven economy
New Government, new directions for
a vibrant economy
3
Our mandate is to put India on a world map as a
Manufacturing hub
Promoting growth of manufacturing industry & facilitating investment
Framing Foreign Direct Investment (FDI) Policy, facilitating foreign investment &
bilateral/multilateral engagements for industry and investment
Administering intellectual property regime consistent with international commitments
Facilitating development of industries through up-gradation of industrial infrastructure
Responsibility as Administrative Ministry for specific industries allocated to the Department, viz
cement, paper, boiler, leather, rubber, light engineering, salt and consumer industries
4
Three pillars for bringing out
manufacturing have been defined
transformation
in
Improving Business Environment
• Ease of Doing Business
• De-licensing & Deregulation
Enabling Manufacturing
•
•
•
•
•
Industrial Corridors
Industrial Clusters
Smart Cities
Nurturing Innovation
Skill Development
Opening up Foreign Direct Investment in key sectors
• Opening of critical sectors like Defense, construction and Railways for
FDI
5
Improving Business Environment
Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online
on 24X7 basis through eBiz portal
Validity of Industrial license extended to three years
States asked to introduce self-certification and 3rd Party certification under Boilers Act
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 E-Biz - a single
window IT platform for services- by 31 Dec. 2014
6
Improving Business Environment
Advisory sent
to all
Departments/
State
Governments
to simplify and
rationalize
regulatory
environment:
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;
All registers required to be maintained by the business should be
replaced with a single electronic register;
No inspection should be undertaken without the approval of the
Head of the Department; and
For all non-risk, non-hazardous businesses a system of selfcertification should be introduced
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Enabling manufacturing
Impetus on developing Industrial Corridors and Smart Cities
Delhi-Mumbai Industrial Corridor:
work on 5 smart cities in progress:
Dholera, Shendra-Bidkin, Greater
Noida , Ujjain and Gurgaon
Bengaluru –
Mumbai
Economic
Corridor
Chennai-Bengaluru Industrial
Corridor: Master Planning for 3 new
Industrial Nodes [Ponneri (TN),
Krishnapatnam (AP), Tumkur
(Karnataka)] in progress.
A new ‘National Industrial Corridor Development
Authority’ being created to coordinate, integrate,
monitor and supervise development of all
Industrial Corridors.
Chennai-Vizag Industrial Corridor:
Feasibility Study commissioned by
ADB.
North-East
Corridor Linked
to Myanmar &
other Industrial
Corridors
Amritsar-Kolkata Industrial Corridor:
DMICDC selected as Nodal Agency for
doing Feasibility Study, which is being
conducted at fast pace.
100 days of the New Government •
8
Enabling manufacturing
New Industrial Clusters for promoting advance practices in
manufacturing
Approval accorded to 21 Industrial
projects under Modified Industrial
Infrastructure Upgradation Scheme
With an
emphasis on
Use of recycled water
through zero liquid
discharging systems
Central Effluent Treatment
plants
Under NMP, one additional National Investment and Manufacturing Zone (NIMZ) at
Kalinganagar, Jajpur district in Odisha given in-principle approval, bringing the
number to 17
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Enabling manufacturing
Nurturing Innovation
Approval obtained for strengthening Intellectual Property regime in the country
through:
Creation of 1033 posts
Further upgradation of IT facilities
Act recognizing National Institute of Design (NID), Ahmedabad, as an institute of
National Importance notified on 8th August 2014. This will enable it to confer
degrees, promote research and function as an Apex body in Design Education.
4 NIDs being developed
100 days of the New Government •
10
Enabling manufacturing
Skilling the youth
Impetus given to
skill development
through Indian
Leather
Development
Programme
Training
imparted
to 51,216
youth
For augmentation of
training infrastructure,
funds released for
establishment of 2 new
branches of Footwear
Design & Development
Institute at Banur
(Punjab) and
Ankleshwar (Gujarat)
11
Opening up Foreign Direct Investment in key sectors
Policy in Defence
sector liberalised
and FDI cap raised
from 26% to 49%.
100% FDI under
automatic route
permitted in
construction, operation
and maintenance in
specified Rail
Infrastructure projects
Easing of norms
underway for FDI in the
Construction
Development sector
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Our collective efforts have started showing results
India on a growth path
GDP Growth
• GDP growth rate improved to 5.7%
in the first quarter (April-June) of
2014 compared to 4.7% in first
quarter of 2013
• Industry GDP growth rate spiked at
4.2% in the first quarter of 2014
compared to -0.4% in the first
quarter of 2013.
• Industry GDP growth rate also
spiked to 3.5% in Q1 of 2014
compared to -1.2% in the
corresponding Q1 of 2013
Source: DIPP
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India on a growth path
FDI Inflows
• M-o-M FDI inflows increased from USD
1.4 bn in June 2013 to USD 1.9 bn in June
2014 recording an increase of 33%.
33%
FDI Inflows
• Foreign Direct Investment inflows have
increased 75% in the months of June-July
2014 (combined) over the same time
period in the preceding year.
Source: DIPP
75%
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India on a growth path
Industrial Growth
• The performance of industrial sector as
measured by growth of Index of
Industrial Production (IIP), has improved
in June 2014 as compared to June 2013
Industrial Growth
• Performance of Capital goods, which is an
indicator of revival of positive investment
sentiment has shown considerable
improvement in June 2014 as compared
to June 2013.
Source: DIPP
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India on a growth path
Trade – Manufacturing (Exports Selected Major Commodities)
•
Most of the manufactured products have
witnessed a positive growth in exports in July
2014 as compared to July 2013
Source: DIPP
16
Improving sentiments
Manufacturing Purchasing Managers Index (HSBC)
•
HSBC PMI which gives an overview of
business conditions in manufacturing sector
was a 17-month high in July 2014 at 53.0
Business Confidence Index (NCAER)
•
Business Confidence Index rose by 13% in June over April 2014, overshadowing 3.8% increase
in April over January, 2014.
Source: DIPP
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India is one of the fastest developing economies in the world and ranks
among the most sought after investment destinations
•
3rd
•
The 9th Global Capital Confidence Barometer,
October 2013, has reported India among one of
the top five investment destination among
emerging and developed markets2
•
•
•
•
largest economy in terms of purchasing
power1
India accounts for 5.5% of global FDI in terms of
value and 6.3% in terms of projects2
India is the fourth most attractive location for FDI
for 2014-2016 as per UNCTAD Report 2014
India ranks 2nd Most Promising Country for
Overseas Business Operations in the Medium
Term4;
India has been rated as Top
Destination for the Long Term5
Investment
Top 10 prospective host
economies for 2014-16
1 China
2 USA
3 Indonesia
4 India
5 Brazil
6 Germany
7 UK
8 Thailand
9 Vietnam
10 Russian Federation
0
10
20
30
40
50
Source: UNCTAD, World Investment Report 2014
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Increase in foreign investments and industrial growth during the MayJuly period shows the restored confidence in the economy and the new
government
• FDI inflows have increased 80% in the months of
May-June 2014 (combined) over the same time
period in the preceding year
• M-o-M FDI equity inflows have increased 33% in
June 2014 compared to June 2013
• Overall Index of Industrial Production (IIP) has
grown by 3.4% in June 2014 as compared to 1.8%
in June 2013
• Growth rate of Capital goods in IIP has shot up
from -6.6% in June 2013 to +23% in June 2014
• Purchasing Managers Index (PMI) as on 1st
August 2014 was at 17-month high
• Manufactured exports have recorded 6.6%
growth in July 2014 as compared to July 2013
M-o-M FDI Equity Inflows (in USD
million)
2500
33%
2000
1927
1444
1500
1000
500
0
June 2013
June 2014
Monthly growth of Manufacturing
and overall IIP (%)
3.4
4
3
1.8
2
1
0
-1
-2
-3
Manufacturing
-1.7
IIP
-1.8
Jun-13
Jun-14
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Source: DIPP
Strategic opportunities
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The new Government has prepared a five pillar strategy to drive India’s
growth, which offer multiple avenues of collaboration and investments
Infrastructure
development
Manufacturing growth,
Employment creation
and promoting
entrepreneurship
Skill development
Energy sufficiency
Business environment
improvement
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Government is focused on improving both the industrial infrastructure as
well as the urban infrastructure of the country and has announced several
high impact projects in the sector
Industrial infrastructure
1. Industrial corridors
• Delhi Mumbai Industrial Corridor
(DMIC)
• Chennai Bengaluru Industrial
Corridor (CBIC)
• Vizag Chennai Industrial Corridor
(VCIC) as first phase of East Coast
Economic Corridor (ECEC)
• Bengaluru Mumbai Economic
Corridor (BMEC)
• Amritsar – Kolkata Industrial
Corridor (AKIC)
2. Transport connectivity to North East
India
Urban infrastructure
1. Smart Cities
2. Affordable housing
3. Swachha Bharat project
4. Digital India
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The upcoming industrial corridors provide potential opportunities for
investments across different infrastructure sub-sectors
•
To promote manufacturing in
India, five new Industrial
Corridors are being planned.
•
Each Industrial Corridor will
have at least 6 – 8 key nodes
developed on Smart City
principles measuring more
than 200 sq. Km
•
DMICDC
is
the
apex
authority that is planning
these corridors.
East Coast
Industrial Corridor
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DMIC is being developed as a flagship project of partnership &
collaboration with Government of Japan and offers several opportunities
for investors
Nodes
Ahmedabad Dholera Investment Region
920
Manesar-Bawal Investment Region, Haryana
402
Khushkhera-Bhiwadi-Neemrana Investment Region,
Rajasthan
165
Pithampur-Dhar-Mhow Investment Region, M. P.
372
Dadri-Noida-Ghaziabad Investment Region, U.P.
200
Dighi Port Industrial Area, Maharashtra
253
Shendra Bidkin Industrial Park, Maharashtra
84
Key early bird projects
Vikram Udyogpuri, near Ujjain, Madhya Pradesh
GoI is developing DMIC as a
global manufacturing and
investment destination utilizing
the 1,483 km-long, high-capacity
western Dedicated Railway
Freight Corridor (DFC) as the
backbone.
Area (sq km)
Integrated Industrial Township at Greater Noida, UP
Budgetary
Support by GoI
(Rs mn.)
595
6,172
Water Supply Project, Madhya Pradesh
704
Construction of New Rail Line between Bhimnath
and Dholera SIR, Gujarat
243
Logistic Data Bank
372
Model Solar Power Project, Neemrana, Rajasthan
353
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CBIC is the second corridor project under Japanese Government
partnership; aimed at improving the industrial infrastructure and
increasing investments across multiple sectors in the region
Key nodes identified
State
Bidadi Township Area, Ramanagara
KAR
Vasanthnarasapura area in Tumkur
KAR
Mulbagal in Kolkar
KAR
Ponneri Industrial Area
TN
Hosur Industrial Area
TN
Hindupur Industrial Area
AP
Chittoor NIMZ
AP
Krishnapatnam Industrial Area
AP
The corridor between Chennai – Bengaluru –
Chitradurga (around 560 km) would have an Influence
Area spread across the states of Karnataka, Andhra
Pradesh and Tamil Nadu.
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The Vizag Chennai Industrial Corridor is a part of the East Coast Economic
Corridor, aligned to the Golden Quadrilateral and is envisaged to play a
key role in India’s Look East Policy
1.Visakhapatnam
Key attributes of the corridor
2. East Godavari
1
3.West Godavari
2
4. Krishna
4
5. Guntur
3
• Influence area of the corridor is over 110,000
sq. km which is 3.5% of India’s area
5
6
6. Prakasam
Successor state of AP*
8. Kadapa
• The Corridor contributes to 5% of national GDP
8
7
Tamil Nadu
7.Nellor
e
NH 5 alignment
• Industrialization will be supplemented by
natural resources available in the region
(natural gas, minerals, agriculture products).
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9.Chittoor
10
11 11.Chennai
10.Tiruvallur
The corridor between Vizag - Chennai (around
800 km) would have an Influence Area spread
across the states of Andhra Pradesh and Tamil
Nadu.
• The major ports are well connected and in close
proximity to many of the East Asian economies
(~80% of AP’s coastline)
In view of the commitment made by the central government under the Andhra Pradesh Reorganisation Act,
2014, in the first phase of the study the ADB will focus on the Vizag-Chennai Section so that a final view on
the Vizag-Chennai Industrial Corridor may be taken within the timeline prescribed in the Act and further
action taken accordingly.
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GoI has announced 100 Smart City projects across 21 states with a view to provide a
fillip to the urban infrastructure in the country GoI has announced 100 Smart City
projects across 21 states with a view to provide a fillip to the urban infrastructure in
the
country
• The Government has allocated Rs. 70.60 billion in the General Budget to develop the 100 Smart
Cities in the country.
• To encourage development of smart cities, with respect to FDI in the construction development
sector, the condition for built up area reduced from 50,000 sq. m to 20,000 sq. m and minimum
capitalisation norms reduced from USD 10 million to USD 5 million, with three years lock-in.
12
GoI is also focused around other urban infrastructure aspects of Affordable
housing and Sanitation, and has set definitive goals in these areas
•
The Government has announced to set up a Mission
on Low Cost Affordable Housing anchored in
the National Housing Bank (NHB).
•
A sum of Rs. 4,000 crore for NHB is provided with
a view to increase the flow of cheaper credit for
affordable housing
•
Projects which commit at least 30% of total project
cost for low cost affordable housing to be exempted
from the built-up and capitalization conditions
Source: GoI General Budget, 2014-15
The Government intends to cover every
household by total sanitation by the year 2019,
the 150th year of the Birth anniversary of
Mahatma Gandhi through Swatchh Bharat
Abhiyan.
Source: GoI General Budget, 2014-15
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Government is committed to promote manufacturing and employment. The
NMP lays the foundation for larger contribution of manufacturing sector
in GDP
Objectives of National Manufacturing Policy (NMP):
•
To promote investments in the manufacturing sector and make the India a hub for both domestic and international
markets
•
To increase the sectoral share of manufacturing in GDP to 25% by 2022 (from about 15% presently)
•
To double the current employment level in the manufacturing sector
•
To enhance global competitiveness of India’s manufacturing sector
NMP proposes setting up of National Investment and Manufacturing Zones (NIMZs), which would be much larger
than SEZs in area (can be viewed as a cluster of smaller industrial areas . SEZs, EoUs etc.)
Sectors of Strategic
Importance
Sectors of Basic Inputs
Sectors for Depth and
Value Addition
Sectors for Employment
Generation
Defence Equipment
Steel
Automotive
Textlies
Aerospace
Mineral Exploration and
Development
Drugs & Pharma
Food Processing
Ship-building & Repair
Fertilizer
Chemical
Leather & Leather Goods
Capital Goods &
Engineering
Electronics
Petrochemicals
Cement
Paper
Gems and Jewellery
Source: NMP 2011
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India has the potential to offer myriad of opportunities for foreign
investors across a wide gamut of manufacturing sectors (1)
Auto
Auto components
Defence
Overview
 Likely to become 3rd largest auto
market in the world by 2016,
accounting for more than 5% of
the global vehicle sales
 India’s is 2nd largest two wheeler
manufacturer, largest motor
cycle manufacturer and 5th
largest
commercial
vehicle
manufacturer
 Expected size by 2016 is USD
145 billion.
 Worth USD 39.7 billion in
FY2012–13
 India’s exports of auto
components increased at a
CAGR of 17% during 200813; Exports have risen to
USD 9.7 billion in 2012-13
 3rd largest armed forces in the
world.
 Largest importer of conventional
defence equipment
 70% of defence requirements are
met through imports
 Defence budget in 2014-15 is
USD 38 billion, expected to reach
USD 50 billion by 2018
Investment
opportunities
 Passenger Vehicles
 Two Wheelers
 Three Wheelers
 Commercial Vehicles
 low cost electric vehicles
 Engine & Engine Parts
 Transmission & Steering
Parts
 Suspension & Breaking Parts
 Electrical parts
 Manufacturing
of
defence
equipment
 Maintenance, repair and overhaul
segment
 Engineering services outsourcing
FDI policy
100% FDI is allowed under the
automatic route
100% FDI is allowed under the
automatic route
Up to 49% under the government
route and beyond 49% through
CCS (in case of transfer of
technology)
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Opportunities
Electrical Equipments
ESDM
Pharmaceutical
Overview
 Estimated output by 2022
approx. USD 100 billion
 The market expanded at a
CAGR of 10.5 per cent over
(FY07–12).
 Worth USD 68.31 billion in
2012; anticipated to be USD
94.2 billion by 2015; CAGR of
9.88% between 2011 and 2015
• Accounts for about 2.4 % of the
global pharma industry in value
terms and 10% in volume terms
• Expected to grow at 12.1% during
2012–20
• Expected to reach USD250 billion
by 2020 from the current USD65
billion
Investment
opportunities
 Generation Machinery: Boilers,
Turbines, Generators
 Transmission Machinery
 Consumer electronics
 Strategic electronics
 Medical electronics
 Avionics
 Fabless manufacturing
 Automotive electronics
 Electronic
Manufacturing
Services
 EMCs
• Active pharmaceutical ingredients
(APIs)
• Contract research and
manufacturing services (CRAMS)
• Formulations
FDI policy
100% FDI is allowed under the
automatic route subject to all the
applicable regulations and laws.
100% FDI through automatic
route for ESDM except for
defence electronics
• 100% FDI is allowed under the
automatic route for Greenfield
projects.
• For brownfield project investment
up to 100% is under the
government route.
31
Opportunities
Construction
Food Processing
Leather
Overview
 Second largest employer and
contributor to economic activity,
after agriculture sector.
 Accounts for 2nd highest FDI
inflow after the services sector
 Worth USD 78.5 billion in FY13;
expected to grow to USD 140
billion in FY17.
 Industry size is Rs 845 billion
in 2012-13, growing at 8.4%
for the last five years ending
2012-13
 Value addition of sector as
share of GDP manufacturing
was 9.8% in 2012-13
 Industry size approx. USD 11
billion (exports - USD 6 billion
and domestic market - USD 5
billion)
 Exports projected to grow at
24% pa in next five years.
Domestic market expected to
double in next five years.
Investment
opportunities
 Residential, retail, commercial
and hospitality sectors
 Technologies and solutions for
sustainable cities, low cost and
affordable
housing,
Green
building solutions, environment
friendly building materials
 Training and skill development
of construction sector workers
 Smart cities
 Urban water supply; urban
sewerage & sewage treatment
 Fruits and Vegetables
 Fermentation products
 Beverages
 Dairy
 Food additives, nutraceuticals
 Confectionary and bakery
 Meat & poultry
 Fish and sea foods processing
 Grain Processing
 Food packaging
 Food processing equipment
 Consumer food
 Tanning and finishing of leather
products
 Manufacturing
of
leather
garments
 Manufacturing
of
leather
footwear and footwear parts
 Manufacturing of leather goods,
such as harness and saddlery.
FDI Policy
100% FDI is allowed under the
automatic route subject to
conditions.
100% FDI through automatic
route for most of the food
products
except for items
reserved for MSME.
100% FDI is allowed under the
automatic route subject to all
the applicable regulations and
laws.
32
Opportunities
Chemicals
Petrochemicals
Oil & Gas
Textile
Overview
 Size of the industry (201213) is around USD 144
billion
 India
accounts
for
approximately 16% of the
world
production
of
dyestuff
and
dye
intermediated
 The polymer demand is
expected to grow by 8-10%
with a healthy growth in
clothing, automobiles, etc.
 4th largest consumer of crude
oil and petroleum products in
the world (2013)
 Oil imports constitute 80% of
India’s total domestic oil
consumption (May 2014).
 At the end of 2013, India had
215.066 MMTPA of refining
capacity, making it the
second-largest
refiner of
crude oil in Asia.
• 2nd largest textile
manufacturing capacity
globally
• Sector contributes 14% to
industrial production and 4%
to GDP and 13% of country’s
export earnings
• Domestic textile and apparel
industry is estimated to reach
USD 100 bn by 2017 from
USD67 bn in 2014.
• Exports are expected to
increase to USD 65 bn by 2017
from USD 40 bn in 2014
Investment
opportunities
 Petrochemicals
 Specialty chemicals
 Agrochemicals
 Colorants
 Technical training
 Underground
coal
gassification
 E&P services and equipments
 City gas distribution
 Refinery
 Technology partnerships in
upstream sector
• Entire value chain of Synthetics
• Values added and speciality
fabrics
• Technical Textiles
• Garment
• Retail Brands
FDI policy
100% FDI is allowed under
the automatic route subject
to
all
the
applicable
regulations and laws.
FDI is subject to the existing
sectoral policy and regulatory
framework and varies across
the value chain
• 100% FDI is allowed under the
automatic route in textile
sector
33
Energy Sufficiency through Thermal Power and Renewable Power is high
on Government’s agenda
World’s leading electricity
producers in 2012 (TWh)
Fifth largest
producer and
consumer
globally
• With a production of 1,006 TWh, India is the fifth
largest producer and consumer of electricity in the
world
Power
generation and
installed
capacity has
grown rapidly
over the years
• Over FY07–13, electricity production expanded at a
CAGR of 5.5%
• Installed capacity increased steadily over the years,
posting a CAGR of 10.9 per cent in FY09–13
5000
4000
3000
2000
1000
0
Sources of Power with
shares in total installed
capacity
12%
Strong policy
support to
further
incentivize
power sector
• Policies such as Electricity Act, 2003, National Tariff
Policy, 2006, Ultra Mega Power Projects (UMPPs),
R-APDRP and fuel supply agreement are aiding
growth of the sector
2%
18%
68%
Thermal
Hydro
Renewable
Nuclear
The energy sector is one of the most developed and organised sectors in India
34
Source: Ministry of Power; Council of Power Utilities; Bureau of Energy
Efficiency; India Brand Equity Foundation
The energy sector is full of varied opportunities in the thermal and
renewable energy sector
Growing demand
Attractive opportunities
• Expansion in industrial activity to
boost demand for electricity
• Growing population and increasing
penetration and per-capita usage to
provide further impetus
• Power consumption is estimated to
increase from 821.2 TWh in 2013 to
an estimated 1433.2 TWh in 2022
• Large capacity additions (189GW)
targeted in the 12th and 13th FiveYear Plans
• Ambitious projects and increasing
investments across the value chain
• Diversification into renewable
sources increasing growth avenues
Advantage
India
Higher Investments
• FDI inflows touched USD7.8 billion
between April 2000-March 2013
• Major investments earmarked by
public as well as private sector
companies across the value chain
Policy Support
•
•
•
Elimination of Licensing for
various segments; removal of entry
barriers
Cost reduction and rationalization
of tariffs; development of UMPP
Fuel supply agreement of power
producers with Coal India
35
Source: Ministry of Power; Ministry of New and Renewable Energy;
India Brand Equity Foundation
The new Government has proactively taken multiple steps to bring about
process improvements….
Process improvement initiatives
•
•
•
•
•
•
•
•
•
Process of applying for IL/IEM made completely online and 24X7
ESIC/EPFO registration made on-line and real time, need for submission of hard copies
removed
States advised to introduce self certification and third party inspection for the Boilers Act
All security clearances will be given by MHA within 3 months.
Need for affidavit from entrepreneur obviated with issue of ‘Security Manual for Licensed
Defence Industry’
Requirement of License on a number of Defence List products removed
Validity of Industrial License extended from 2 years to 3 years.
Questionnaires on ‘Enforcing Contract’ and ‘Resolving Insolvency’ filled by Government of
first time.
Advisory sent to Ministries/State Governments:
• All returns to be made online
• Check list of all compliances to be put on web-site
• All registers to be replaced with one single electronic register
• No inspection without approval from Head of the Department
• Self-certification for non-hazardous/non-risk businesses
36
….and labour & sector related initiatives to improve the overall “Ease of
doing business” in India
Labour related initiatives
•
•
•
•
•
•
Unified Single Web Portal for Labour Law Compliance
Initiated amendment of Factories Act, 1948 to allow for:
• Night shift for women
• Increased hours of overtime
• Compounding of Offences
Rationalization of Returns and Register requirements
Initiated amendment of Apprentices Act, 1961 to increase the percentage of workforce as apprentice and
restrict inspections
Single labour law for MSME to be introduced in December, 2014
Evidence based inspections through Central Analysis and Intelligence Unit
Sector specific initiatives
•
Defence sector
•
•
Raised FDI limit in the Defence sector to 49%
Railways sector
•
Allowed 100% FDI in railway infrastructure sector, in areas such as high-speed train systems, sub-urban
corridors and dedicated freight line projects implemented in PPP mode
37
eBiz Mission will transform e-governance beyond online transactions to
delivering services to investors and businesses
•
Offers a Single Window for businesses and investors
and transparency in processing of requests
•
Entrepreneurs to submit one integrated application for
multiple licenses
•
Single consolidated payment for the various licenses
required by entrepreneurs
•
Reduction in the number of procedures and
correspondingly the cost and time taken for obtaining
approvals
•
24 X 7Facility for Information and Services for
businesses
•
Eventually it will offer coverage of Entire Business Life
Cycle
Source: DIPP
38
Road Ahead
Hon’ble Prime Minister, in his Speech from
ramparts of Red Fort on Independence Day on
August 15, 2014 has defined future course of action:
“….. I want to appeal all the people world
over….
...Come, Make In India. Sell
anywhere but manufacture here…...”
“We should manufacture goods in such a
way that they carry zero defect, that our exported
goods are never returned to us. We should
manufacture goods with zero effect that they should
not have a negative impact on the environment.”
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Thank you
I invite you to
“Make in India”
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