Transcript Steps for Ease of Doing Business

The Challenge
Grow at 10% for 3 decades
Ease of doing business
Making India a part of the global supply chain
Young India – skilling the nation and creating opportunities
Making India an hub for R&D
Making India a centre for large scale manufacturing
Urbanisation – a unique opportunity
Make in India initiative
Pillars of a new resurgent India
New Processes
New R&D
New Design
New Mindset
New Infrastructure
New Innovation
New Sectors
Ease of doing business
Make India the easiest and simplest place to do business
Eliminate paperwork, processes, procedures, rules & acts
Use technology to leapfrog
Converge & integrate departments
Steps for Ease of Doing Business
Convert from manual to online
Eliminate touch points with applicants
Prepare checklists, adhere to them
Prepare timelines, punish delays
Steps for Ease of Doing Business
Share information across platforms
Eliminate unnecessary steps and requirements
Merge processes wherever possible
Promote self-compliance, self-certification
Initiatives taken by Government for
Defence Sector
Large number of products taken off from licensing list
Licensing requirement removed for dual use items
Time period for implementing licence extended
Validity of security clearance extended
Partial commencement of production to be treated as
commencement for all products
Simplified forms, online application through eBiz
Initiatives taken on Labour reform
Unified portal (Shram Suvidha) for registration of
Units for LIN, reporting of inspections , submission
of returns and Grievance redressal launched
Employer registration with ESIC and EPFO made
online
Payments for ESIC and EPFO made online with 56
accredited banks
Combined return for 8 labour laws
Initiatives taken for Companies
Amendment in the Companies Act, 2013
introduced toEliminate requirement of minimum paid-up capital
Eliminate requirement of common seal
Elimination of declaration of Commencement of
Business
Initiatives taken for Companies
Incorporation of company made a single step
process by merging options for name availability
and allotment of DIN
Single process for incorporation of company,
allotment of PAN & TAN and registration with ESIC
& EPFO
Other Reforms
Documents required for import and export
reduced to three from 10 and 7 respectively
Online single window for clearance of
imported goods initiated:
• Message exchange with FSSAI & Plant
Quarantine
Customs Clearance Facilitation Committee at
ports to ensure expeditious clearance of goods
11
Initiatives taken by States
Maharashtra
Simplification of process for new electric
connection: reducing 4 processes and 46 days
Integration of VAT and Professional Tax
registration process: Single ID for both taxes
Online registration of shops & establishments
Commercial divisions created in High Court
Initiatives taken by States
NCT of Delhi
Real-time allotment of TIN for VAT registration
Online application for construction permits for
residential and industrial buildings: Elimination
of multiple interaction for applicants
Online registration of shops & establishments
Commercial divisions created in High Court
eBiz- Integration of Services & Payment
Issue of Industrial License
Filing of Industrial Entrepreneurs Memorandum
Employer Registration with ESIC
MCA Name Availability
Issue of Director Identification Number (MCA)
MCA-Certificate Of Incorporation
MCA-Certificate for Commencement of Business
eBiz- Integration of Services & Payment
Reporting of Advance Foreign Remittance to RBI
Reporting of FC-GPR
Issue of Permanent Account Number
Allotment of Tax Deduction and Collection Account Number
Employer Registration with EPFO
Importer Exporter Code
License for Possession and Sale or Possession and Use of
Explosives
Radical Reforms- Ease of doing business
No minimum capital. No common seal. No declaration of
commencement of business
Online & real-time registration with ESIC & EPFO, PAN & TAN
Combined returns under 8 labour laws
Documents for exports and imports reduced from 11 to 3.
Delicensing of defence – 56 % of defence items taken out of
licensing requirement
NRI investments be treated as Indian investments
Making India part of the global supply chain
Liberalized FDI Regime:
Railways - 100%
Construction - 100%
Medical Devices - 100%
Defence - 49%
Insurance and pension funds - 49%
Liberalized Foreign Direct Investment Regime
India today is one of the most open economies of the world
100% FDI permitted in Telecom Sector
100% FDI permitted in Asset Reconstruction Companies
100% FDI in single-brand retail
100% FDI in Pharmaceuticals sector
Make in India - impact on FDI (Oct - Apr)
FDI inflows in India – top sectors (2014-15)
Engagement figures
Over 12500 investor queries addressed through the Make in India
portal
21000 visitors on the e-BiZ portal
Subscriber base of 5000 on the e-BiZ portal
3.5 million fans on FB
558,000 followers on Twitter
Creating new world class infrastructure
Delhi – Mumbai industrial corridor
Amritsar – Kolkata industrial corridor
Chennai – Bengaluru industrialcorridor
Bengaluru – Mumbai industrial corridor
Chennai – Vizag industrial corridor
Delhi- Mumbai lndustrial Corridor
Chennai- Bengaluru Industrial Corridor
Bengaluru- Mumbai IndustrialCorridor
Chennai- Vizag IndustrialCorridor
Converging Industrial corridors
National Industrial corridor development authority (NICDA) being created
New Mindset - Red Tape to Red Carpet
24x7 online service to investors across the world
Response query mechanism
Proactive intervention with all state governments
Follow-up with all Government of India departments
Japan+ and Korea+ special desks
100 smart cities
Transforming lives, transforming India
Urban India will contribute 75% of GDP by 2030
700 million Indians to get in the process of urbanisation
Creating an innovative, sustainable India
Urbanisation - a unique opportunity
Using technology to leapfrog - JAM
Jan dhan – 160 million new household accounts
Aadhar – 1 billion aadhar enrolments, Unique identity movement
Mobile – 900 million cell phone users (370 mn in rural areas)
India using mobile technology, unique identity & bank accounts.
Indian Economy - what the world says:
Baseline Profitability Index, 2015 (Reported in Foreign
Policy Journal)
India ranked 1st among 110 countries in 2015 as compared to
6th in 2014.
World Bank Group: Global Economic Prospects, January, 2015
India to be world's fastest growing big economy by 2017.
OECD
India is the only country among top economies to increase its
pace of growth.
Indian Economy - what the world says:
UNCTAD News, World Investment Report, 2015
India climbs 6 places from 15th to 9th to join the league of
world's top 10 countries by FDI inflows.
Frost and Sullivan, USA Award for Make in India, 2015
Economic Development Innovation Award for Policy and
Programme Implementation Excellence.
Skill India - key challenge
Demographic Dividend – 62% of population in Working Age
Group
104 Million to be skill trained by 2022
New dynamic Skill Development & Entrepreneurship Policy
National Occupation Standards laid down by Sector Skill Councils
NSDC is building scalable, for-profit vocational training
institutions across India
New initiatives
Digital India - Transform India into a digitally empowered society
and knowledge economy
Swachh Bharat Abhiyaan and Clean Ganga Focuses on building toilets, especially for women and
make India the cleanest country
India at the heart of frugal engineering
Low cost but not low tech!
Renault KWID will do much better than any other car because it has
Indian Genes – Carlos Ghosn, chairman & ceo Renault
General electric’s Mac 400 electro cardio graph (ECG) Machine
{1500$ instead of 10000$ for its predecessor. Cost of ECG just 1$}
Heart surgery costs between 2000$ & 5000& as compared to 20000100000$ in US
Jaipur foot for US $45 and jaipur knee for US $20 - 50 top inventions
of the world – Time magazine
Mangalyaan – Mars orbiter mission US 73 Million – 1/10th the cost of
any previous Mars mission.
India - design & innovation
A large consumer market
Large B2B market, one of the largest business to govt markets
India - an innovation lab for companies combining technology,
design, innovation
India - a vibrant nation of startups
Fastest and third largest ecosystem in the world
Technology product, digital & manufacturing startups projected
for rapid growth
10 fold increase in access to capital through VC’s, angel
investment and seed funding
Nation of job creators rather than job seekers
India is in the midst of a startup boom
India - an R&D powerhouse
Leading offshore destination for engineering and R&D services
Talent, technology & emerging market imperative during R&D
growth.
Resurgence in the number of R&D centers, almost 10,000
companies employing 5,00,000 Indians.
Fostering innovation
Strong TRIPS compliant policy framework
Ease of Access: world-class IT enabled patent offices
Internationally acclaimed systems for International Searching
and Preliminary Examination of patent applications.
Madrid system for international registration of trademarks
Snapshot of core research by MNC R&D centers in India
GE
Composite material design
Electromagnetic analytics
Nondestructive evaluation technology
Honeywell
Next generation magnetic sensors
Image analysis and computer vision
Intelligent vehicle technologies
General Motors
Smart system modeling
Vehicle structure and safety
Chemical reaction modeling
Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India
Philips
Healthcare systems and technologies
Energy and lighting
Consumer lifestyle technologies
EADS
High performance computing
Avionics
Structures
Siemens
Decentralised energy systems
Embedded systems
S.M.A.R.T.* technologies
Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India
3M
Abrasives/adhesives
Coatings
NVH materials
ABB
Manufacturing technologies
Communication technologies
Robotics
Source: Zinov Research & Analysis
Automobiles:
India’s car market potential: 6+
Millions units annually by
2020
Aviation:
9th largest civil aviation market
in the world
Auto-components:
Over 35 IPOs of Global OEMs &
Tier 1 procuring from India
Biotechnology:
Amongst top 12 biotech
destinations in the world; 3rd
in the Asia-Pacific region.
Chemicals:
3rd largest in Asia & 6th largest by
output in the world.
. onstruction:
C
Approx. USD 650 billion
required for urban
infrastructure over the next 20
years
Electrical Machinery:
The industry has grown close to
USD 25 billion. It contributes 1.4%
to the nation’s GDP and 10% to the
manufacturing growth.
Defence:
Up to 49% FDI is now allowed
under the government route and
beyond 49% with the approval of
cabinet committee
Electronic Systems
Expected demand to reach
USD 400 Billion by 2020,
aided by government
schemes
Food Processing:
National Food Processing Policy
aims to increase the level of food
processing from 10% in 2010 to
25% in 2025.
IT & BPM:
The IT-BPM sector
constitutes 8.1% of the
country’s GDP and
contributes significantly to
public welfare
Media and Entertainment:
The industry is expected to
register a CAGR of 14.2%,
reaching INR 1785.8 Billion in
2018
Leather:
Total production value of US$11
bn with great potential for exports
and a huge domestic market
Mining:
India has vast minerals
potential with mining leases
granted for longer durations
of 20 to 30 years
Oil and Gas:
Threefold increase in energy
demand expected in India by 2035 to
1,516 mn tonnes of Oil Equivalent from
563 mn Tonnes of Oil Equivalent in
2012.
Pharmaceuticals:
Expected to rank among top
3 pharmaceutical markets in
terms of incremental growth
by 2020.
Railways:
100% FDI under the auto route
in the railway infrastructure
segment
Ports:
Special Economic Zones are being
developed in close proximity to several
ports – comprising coal-based power
plants, steel plants and oil refineries
Roads and Highways:
Extensive road network of 4.86
mn kms: 2nd largest in the world
Renewable Energy:
India stands fifth in the world in
the overall renewable energy
capacity installation with an
installed capacity of 33,792MW
Space:
India is a world leader in low
cost space exploration and
Indian space program stands
out as the most cost effective
in the world
Thermal Power:
4 ultra mega power projects
awarded and five more ultra mega
power projects), under the plug
and play model will be set up with
total investments of ₹1 trillion
Textiles:
India has the second-largest
manufacturing capacity globally.
Tourism:
Foreign tourist arrivals to
India has risen 7.1% to 7.5
million in 2014.
Wellness:
The sector is growing at 20% from
year to year and is projected to
amount to INR 162 Billion in 2014
For Queries, Assistance, Hand – Holding contact:
Mr. Siddhartha Anand
Investor Facilitation Cell,
Invest India
Email: [email protected]
+91-11-23487533
+91-11-8750221701