PowerPoint Presentation

BUILDING A KNOWLEDGE SOCIETY AND ENABLING MAKE IN INDIA THROUGH INDUSTRY ACADEMIA PLATFORM

Aknowledge societyis that which generates, shares and makes available to all members of thesociety knowledgethat may be used to improve the human condition.A knowledge society promotes human rights and offers equal, inclusive, and universal access to all knowledge creation. The UNESCO World Report establishes four principles that are essential for development of an equitable knowledge society:-Cultural diversity.Equal access toeducation.Universal accessto information (in thepublic domain).Freedom of expression.

WHAT IS A KNOWLEDGE SOCIETY?

The Prime Minister of India has initiated the Make in India program and it is the collaboration between industry andacademiawhich will catalyze national efforts to make this program a success. The success of this campaign shall rest on several pillars:-These included Ease of Doing Business under which India aims toachieve a rank of 50 in the World Bank Doing Business Indicators.The emphasis of the Department of Industrial Policy and Promotion (DIPP) is on improvement, simplification and rationalization of existing rules and introduction of IT to make governance more effective and efficient.The efforts to build infrastructure and industrial corridors with world-class facilities and connectivity.

ENABLING MAKE IN INDIA

India is on the threshold of major reforms and is poised to become the third-largest economy of the world by 2030. In the words of our Honble Prime Minister, India offers the 3 'Ds' for business to thrive democracy, demography and demand.Demographics Advantage:The country is expected to rank amongst the worlds top three growth economies and amongst the top three manufacturing destinations by 2020.Favorable demographic dividends for the next 2-3 decades. Sustained availability of quality workforce.Strong consumerism in the domestic market.Strong technical and engineering capabilities backed by top-notch scientific and technical institutes.The cost of manpower is relatively low as compared to other countries.

MANUFACTURING SECTOR IN INDIA

SECTORSMake in India focuses on the following twenty-five sectors of the economy:-AutomobilesAutomobile ComponentsAviationBiotechnologyChemicalsConstructionDefence manufacturingElectrical MachineryElectronic systemsFood ProcessingInformation Technology and Business process managementLeatherMedia and EntertainmentMiningOil and GasPharmaceuticalsPorts and ShippingRailwaysRenewable EnergyRoads and HighwaysSpace and astronomyTextiles and GarmentsThermal PowerTourism and HospitalityWellness

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The initiative is built on four pillars which are as follows:New Processes:The government is introducing several reforms to create possibilities for getting Foreign Direct Investment (FDI) and foster business partnerships. Some initiatives have already been undertaken to alleviate the business environment from outdated policies and regulations. This reform is also aligned with parameters of World Bank's 'Ease of Doing Business' index to improve India's ranking on it.New Infrastructure: Infrastructure is integral to the growth of any industry. The government intends to develop industrial corridors and build smart cities with state-of-the-art technology and high-speed communication. Innovation and research activities are supported by a fast-paced registration system and improved infrastructure for Intellectual Property Rights (IPR) registrations. Along with the development of infrastructure, the training for the skilled workforce for the sectors is also being addressed.New Sectors: 'Make in India has identified 25 sectors to promote with the detailed information being shared through an interactive web-portal. The Government has allowed 100% FDI in Railway and removed restrictions in Construction. It has also recently increased the cap of FDI to 100% in Defense and Pharmaceutical.New Mindset: Government in India has always been seen as a regulator and not a facilitator. This initiative intends to change this by bringing a paradigm shift in the way Government interacts with various industries. It will focus on acting as a partner in the economic development of the country alongside the corporate sector.

REASON AND VISION FOR THE INITIATIVE

THANK YOU

Rishi KUMAR GUPTASHABHNAM DOGRA