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MAKE IN INDIA

Presenter:Shahzad Musawwir

Farid

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Job Creation and Economic Development and to give the Indian

economy global recognition

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India is one of the world's fastest-growing economies.

The tenth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).

 

INDIA

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Where Are We?

India has been recording sustained trade deficits since 1980 mainly due to the high growth of imports, particularly of crude oil, gold and silver.

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India is heavily dependent on crude oil imports, with petroleum crude accounting for about 34 percent of the total imports.

The country also imports: gold and silver, machinery , electronic goods and pearls, precious and semi- precious stones .

India’s main import partners are China , United Arab Emirates , Saudi Arabia, Switzerland and the United States .

IMPORTS 

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A. EXPORTS (Receipts)  Exports during October, 2014 were valued at US $ 12,146

Million (Rs. 74505.99 Crore).  B. IMPORTS (Payments) Imports during October, 2014 were valued at US $ 5,942

Million (Rs. 36449.42 Crore).  C. TRADE BALANCE The trade balance in Services (i.e. net exports of Services)

for October, 2014 was estimated at US $6204 Million.

IMPORTS & EXPORTS

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ON INDEPENDENCE DAY  Invited global companies to pick India to locate factories, promising to replace red tape with red-carpet welcomes. • To make India break into the top 50 in the World Bank’s ease of business index ranking from the current 134th position.

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Zero defect, zero effect 

"Our manufacturing should have zero defect so that our products should not be rejected in the global market. Besides, we should also keep in mind that manufacturing should not have any negative impact on our environment."

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Make in India is an international marketing campaigning slogan coined by the Prime Minister of India, on September 25, 2014 to attract businesses from around the world to invest and manufacture in India.

ON 25TH SEPTEMBER

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Major objective • The major objective behind this initiative is to focus upon the heavy industries and public enterprises while generating employment in India.

• To facilitate – Investment – Foster innovation – Enhance skills development – Protect intellectual property – To built best-in-class manufacturing infrastructure

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The highlights and purpose of Come, Make in India are-

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 The campaign, 'Make in India' is aimed at making India a manufacturing hub and economic transformation in India while eliminating the unnecessary laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable.

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Following sectors have been included by the Government in this campaign.

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 #1 Guide Foreign Investors • #2 Assistance to Foreign Investors • #3 Prompt Response • #4 Provide Relevant Information • #5 Proactive Approach

5 things ‘Make In India’ will do

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List of challenges

• India’s chronic infrastructure and inefficient transport networks makes it tough for manufacturing companies to achieve just-in-time production.

• A large chunk of manufacturers in India even believe that globalization is a myth for them and they consider global opportunities as threat for their domestic business.

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• Currently, it takes 12 procedures and 27 days to start business, 35 procedures and 168 days to get construction permits and 1420 days to enforce contracts in India.

 Facts

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This is not the first time India is focusing on its manufacturing sector.

In 2006, the UPA government put out a

national strategy for manufacturing. It even dubbed 2006-15 as the “decade of manufacturing in India.”

Decade of manufacturing in India 

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Mukesh Ambani said in order to succeed in this campaign, it was important to be open to capital and expertise from all over the globe, and implementation of GST will make India one market and strengthen overall Make in India programme.

Ambani 

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GST The Goods and

Services Tax (GST) is a Value Added Tax (VAT) to be implemented in India, the decision on which is pending.

It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.

Indirect tax:

customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax

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Coinciding with Prime Minister Narendra Modi’s ‘Make in India’ pitch, the Chinese government has launched a ‘Made in China’ campaign with a host of tax concessions in an effort to retain its manufacturing prowess. • China will encourage high-tech imports, research and development (R&D) to upgrade ‘Made in China’, a decision by the Chinese central government said.

Made in China’ campaign launched with ‘Make in India’

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THANK YOU !!!