Know more about “Make In India”
Self-Dependence is a catalyst to development of economy. When the government vows to nurture the home born talent and gives space to the latent potential then as an economy the nations becomes all set to reach new levels. The difficult living conditions in which an average Indian grows is a gift in disguise and it results in balanced development of both creative and logical side of brain along with providing immense physical and emotional strength. Innovative business models are born every now and then and the state needs to nurture them and ensure proper nourishment, protection and coverage for them. Make In India, the brainchild of our PM Shri Narendra Modi Ji is just the right step for the same.
There is a need to foster innovation and protect intellectual property. The program aims that at national level skill development is enhanced and best in class infrastructure is built to ensure leadership in manufacturing and services. Moreover, the design of program facilitates investment. The program is extensive and is set to boost all major sectors; automobiles, automobile components, aviation, biotechnology, chemicals, construction, defense manufacturing, electrical machinery, electronic systems, food processing, IT and BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports, railways, renewable energy, roads and highway, space, textiles and garments, thermal power, tourism and hospitality and wellness.
The project is featured in KPMG’s ‘100 Most Innovative Global Projects’ as one of the world’s most innovative and inspiring infrastructure projects. The Government of India is developing the Delhi-Mumbai Industrial Corridor (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. The objective is to increase the share of manufacturing in the GDP of the country and to create smart sustainable cities where manufacturing will be the key economic driver. DMIC states (Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat & Maharashtra) contribute 43% to the country’s GDP; more than half of India’s industrial production & exports; account for over 40% of workers & number of factories across India.
Doing business in India just got easier – new de-licensing and deregulation measures are reducing complexity, and significantly increasing speed and transparency.
· Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24×7 basis through eBiz portal.
· Validity of Industrial license extended to three years.
· States asked to introduce self-certification and third party certification under Boilers Act.
· Major components of Defense 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 EBiz – a single window IT platform for services by 31 Dec. 2014.
· Process of obtaining environmental clearances made online.
· Following advisories 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.
· For all non-risk, non-hazardous businesses a system of self-certification to be introduced.
In short, the program aims at a major transition in the attitude of government. From being a regulator and a permit issuing authority, the government is now looked upon as a friend, philosopher, guide and partner to new business ventures. Dedicated teams would be assisting first time investors from the very time of their entry. Steps are being taken to provide conducive environment and protection to intellectual property. IP protection would be ensuring protection and nourishment to patents, designs, trademarks, geographical indications, copyrights, plant variety protection and semiconductor integrated circuits layout designs. In addition facilities like e-filing of application, incentive for e-filing and concession for small entities shall be duly provided.
The roaring lion which moves ahead is the mascot for the program and it symbolizes that we have everything within us we just need to structure it and get it nourished for the economic strength and national well-being. In the words of our PM, “This nation is yours. There is no need to leave the nation. We want our companies to shine as multinational companies”. Let us strive to make in India, for India for the worlds, it’s the right time.