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The roaring lion
1. The roaring lion
Make in India has found resonance with India Inc.
Its single-window clearances, minimal procedures
and less red-tapism are yielding positive results
2. Contd…
He `Make in India' programme aims at T promoting India as an important
investment destination and a global hub for manufacturing, design and innovation.
The `Make in India' initiative does not target manufacturing sector alone. It also
aims at promoting entrepreneurship in the country. The initiative is further aimed
at creating a conducive environment for investment, modern and efficient
infrastructure, opening up new sectors for foreign investment and forging a
partnership between government and industry through positive mindset.
Government of India has launched the `Make in India' Programme to promote
manufacturing in India and develop it as a hub for manufacturing, design and
innovation. Certain important steps taken to gear up manufacturing include:
creation of an investor facilitation cell, dissemination of information on twenty five
priority sectors, issuance of ordinance to make land acquisition easier for important
projects, a number of items taken off the licensing requirement from Defence
products' list, etc., and sector wise plan of action has been prepared with time lines
of one year and three years.
3. Contd…
EASE OF DOING BUSINESS
Government has undertaken a number of steps to improve Ease of
Doing Business in India. A large number of components of Defence
Products' list have been excluded from the purview of Industrial
Licensing. The application process for Industrial Licence and Industrial
Entrepreneur's Memorandum has been made easy by simplification of
forms and making the process online 24x7. The validity period of the
Industrial Licence and security clearance from Ministry of Home Affairs
has been increased. The process of registration with Employees'
Provident Fund Organization and Employees' State Insurance
Corporation has been made on line and real-time. Process of obtaining
environment and forest clearances has been made online.
4. Contd…
EMPLOYMENT AND GROWTH
Some surveys have already pegged Indian companies as the most optimistic
globally in terms of their hiring outlook for the new year, while most of the
hiring activities are expected in the e-commerce and Internet-related
sectors, as also in the manufacturing space as well as the companies wait for
the 'Make in India' projects to hit the ground. Experts said the job market
remained a mixed bag in 2015 but it was definitely better than the previous
year as many companies pumped up hiring activities on expectations that
the promises of a better investment climate and the government push to
manufacturing industry will soon start bearing fruit. Indeed, Achche Din in
job market are here.Manufacturing and engineering sector is heading to
create more jobs. Make in India's target is to create 100 million jobs and
achieve 25% of GDP from manufacturing sector by 2022.
5. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015