major advancement in ease of business
DESCRIPTION
Make in IndiaTRANSCRIPT
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 initiativePillars of a new resurgent India
New ProcessesNew R&DNew Design New Mindset New Infrastructure New Innovation New Sectors
Ease of doing businessMake 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 listLicensing requirement removed for dual use items Time period for implementing licence extendedValidity of security clearance extendedPartial commencement of production to be treated as
commencement for all productsSimplified 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 to-
Eliminate 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 ReformsDocuments 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
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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
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 CodeLicense for Possession and Sale or Possession and Use of Explosives
eBiz- Integration of Services & Payment
Radical Reforms- Ease of doing business
No minimum capital. No common seal. No declaration ofcommencement of businessOnline & real-time registration with ESIC & EPFO, P AN & T ANCombined returns under 8 labour lawsDocuments for exports and imports reduced from 1 1 to 3.
Delicensing of defence – 56 % of defence items taken out of licensing requirementNRI 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 RegimeIndia today is one of the most open economies
of the world100% 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 figuresOver 12500 investor queries addressed through the Make in India portal21000 visitors on the e-BiZ portalSubscriber base of 5000 on the e-BiZ portal3.5 million fans on FB
558,000 followers on Twitter
Delhi – Mumbai industrial corridor
Amritsar – Kolkata industrial corridor
Chennai – Bengaluru industrialcorridor
Bengaluru – Mumbai industrial corridor
Chennai – Vizag industrial corridor
Creating new world class infrastructure
Delhi- Mumbai lndustrial Corridor
Chennai- Bengaluru Industrial Corridor
Bengaluru- Mumbai Industrial Corridor
Chennai- Vizag Industrial Corridor
National Industrial corridor development authority (NICDA) being created
Converging Industrial corridors
New Mindset - Red Tape to Red Carpet24x7 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 citiesTransforming 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 - JAMJan 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.
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.
OECDIndia is the only country among top economies to increase
its pace of growth.
Indian Economy - what the world says:
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, 2015Economic Development Innovation Award for Policy and Programme Implementation Excellence.
Skill India - key challengeDemographic Dividend – 62% of population in Working Age Group104 Million to be skill trained by 2022New 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 initiativesDigital India - Transform India into a digitally empowered society and knowledge economySwachh Bharat Abhiyaan and Clean Ganga -
Focuses on building toilets, especially for women and make India the cleanest country
India at the heart of frugal engineeringLow cost but not low tech!
Renault KWID will do much better than any other car because it hasIndian 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 20000-100000$ in US
Jaipur foot for US $45 and jaipur knee for US $20 - 50 top inventionsof the world – Time magazine
Mangalyaan – Mars orbiter mission US 73 Million – 1/10th the cost of any previous Mars mission.
India - design & innovationA large consumer marketLarge B2B market, one of the largest business to govt marketsIndia - an innovation lab for companies combining technology, design, innovation
India - a vibrant nation of startupsFastest and third largest ecosystem in the worldTechnology product, digital & manufacturing startups projected for rapid growth
10 fold increase in access to capital through VC’s, angel investment and seed fundingNation of job creators rather than job seekersIndia is in the midst of a startup boom
India - an R&D powerhouseLeading 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 innovationStrong 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
GE Composite material designElectromagnetic analyticsNondestructive evaluation technology
HoneywellNext generation magnetic sensorsImage analysis and computer visionIntelligent vehicle technologies
General MotorsSmart system modelingVehicle structure and safetyChemical reaction modeling
Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India
Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India
PhilipsHealthcare systems and technologies Energy and lighting Consumer lifestyle technologies
EADSHigh performance computingAvionicsStructures
SiemensDecentralised energy systemsEmbedded systemsS.M.A.R.T.* technologies
Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India
3MAbrasives/adhesivesCoatingsNVH materials
ABBManufacturing technologiesCommunication technologiesRobotics
Automobiles:India’s car market potential: 6+ Millions units annually by2020
Auto-components:Over 35 IPOs of Global OEMs & Tier 1 procuring from India
Aviation:9th largest civil aviation market in the world
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.
.Construction:Approx. USD 650 billion required for urbaninfrastructure over the next 20 years
Defence:Up to 49% FDI is now allowed under the government route andbeyond 49% with the approval of cabinet committee
Electrical Machinery:The industry has grown close toUSD 25 billion. It contributes 1.4% to the nation’s GDP and 10% to the manufacturing growth.
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 foodprocessing from 10% in 2010 to25% in 2025.
Leather:Total production value of US$11 bn with great potential for exportsand a huge domestic market
Media and Entertainment: The industry is expected to register a CAGR of 14.2%, reaching INR 1785.8 Billion in 2018
Mining:India has vast minerals potential with mining leasesgranted for longer durations of 20 to 30 years
Oil and Gas:Threefold increase in energydemand expected in India by 2035 to 1,516 mn tonnes of Oil Equivalent from 563 mn Tonnes of Oil Equivalent in 2012.
IT & BPM:The IT-BPM sector constitutes 8.1% of thecountry’s GDP and contributes significantly to public welfare
Ports:Special Economic Zones are being developed in close proximity to severalports – comprising coal-based power plants, steel plants and oil refineries
Railways:100% FDI under the auto route in the railway infrastructuresegment
Roads and Highways: Extensive road network of 4.86 mn kms: 2nd largest in the world
Pharmaceuticals: Expected to rank among top 3 pharmaceutical markets in terms of incremental growth by 2020.
Renewable Energy:India stands fifth in the world in the overall renewable energycapacity installation with an installed capacity of 33,792MW
Textiles:India has the second-largest manufacturing capacity globally.
Thermal Power:4 ultra mega power projects awarded and five more ultra megapower projects), under the plug and play model will be set up with total investments of ₹1 trillion
Tourism:Foreign tourist arrivals to India has risen 7.1% to 7.5million in 2014.
Wellness:The sector is growing at 20% from year to year and is projected toamount to INR 162 Billion in 2014
Space:India is a world leader in low cost space exploration andIndian space program stands out as the most cost effective in the world
For Queries, Assistance, Hand – Holding contact:
Mr. Siddhartha Anand
Investor Facilitation Cell,
Invest India
Email: [email protected]
+91-11-23487533
+91-11-8750221701