Make In India Campaign launched
Prime
Minister Narendra Modi launched “Make in India” initiative on
25th September 2014 from Vigyan Bhawan in New Delhi. The launch was at both national level, state level and in Missions abroad. The ‘Make in
India’ initiative has its origin in the Prime Minister’s Independence Day speech
where he gave a clarion call to ‘Make in India’ and ‘Zero Defect; Zero Effect’
policy. State Governments, Business Chambers, Indian Missions aboard are playing
an active role in the launch of the initiative.
The
‘Make in India’ initiative also aims at identifying select domestic companies
having leadership in innovation and new technology for turning them into global
champions. The focus will be on promoting green and advanced manufacturing and
helping these companies to become an important part of the global value chain.
ü The
process of applying for Industrial License and Industrial Entrepreneur
Memorandum has been made online on the e-Biz website 24*7;
ü A
vast number of Defence items have been de-licensed;
ü The
validity of Industrial license has been extended to three years;
ü With
a view to providing flexibility in working hours and increased intake of
apprentices for on the job training, the Government has decided to amend a
number of labour laws;
ü An
advisory has been sent to all Departments/ State Governments to simplify and
rationalize regulatory environment which includes:
· on-line
filing of all returns in a unified form;
· no
inspection without the approval of the Head of the Department, etc.
Recently the Foreign Direct Investment policy has been liberalized. 100% FDI
under automatic route has been permitted in construction, operation and
maintenance in specified Rail Infrastructure projects; FDI in Defence
liberalized from 26% to 49%. In cases of modernization of state-of-art
proposals, FDI can go up to 100%; the norms for FDI in the Construction
Development sector are being eased.
The government is committed to improving the physical infrastructure.
Development of dedicated
freight corridors and investment in improving our ports and airports are
underway. These corridors would house Industrial agglomerations along with smart
cities. The private sector would be playing a significant role in these
developmental works.
For the manufacturing sector to take advantage of the improved physical
infrastructure, the need for having a strong human capital is recognized.
Government’s effort would be to equip the working age population with the right
kinds of skill so that the manufacturing sector finds them employable. One of
the first decisions that the new Government has taken is to set up a separate
Department of Skill Development and Entrepreneurship.
Various
prominent National and International industry leaders are likely to attend the
programme to launch the campaign along with Ministers, senior officials,
Ambassadors and opinion leaders.
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