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MAKE IN INDIA POLICIES

INTRODUCTION

One of the major initiative of the New Government of India, led by Mr. Narendra Modi is the new " Make in India "
Program, The objective is to make India a Manufacturing hub for the work and to attract the major Industries
across the globe to setup their manufacturing facilities in India.
The Make in India program includes major new initiatives designed to facilitate investment, foster innovation,
protect intellectual property, and build best-in-class manufacturing infrastructure.

Most importantly, the Make in India program represents an attitudinal shift in how India relates to investors;
not as a permit-issuing authority, but as a true business partner.
  • Dedicated teams that will guide and assist first-time investors, from time of arrival.
  • Focused targeting of companies across sectors

NEW PROCESS & INITIATIVE


Doing business in India just got easier; the government introduces new de-licensing and deregulation measures would result in reducing complexity, and significantly increasing speed and transparency.


  • Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24 x 7 basis through E-Biz 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 Defence 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 E-Biz 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.

EASE IN FOREIGN INVESTMENT POLICY FOR KEY SECTORS


With the easing of investment caps and controls, India's high- value industrial sectors; defense, construction and railways are now open to global participation.


  • Policy in Defense sector liberalized and FDI cap raised from 26% to 49%.

  • Portfolio investment in Defense sector permitted up to 24% under the automatic route.

  • 100% FDI allowed in Defense sector for modern and state of the art technology on case to case basis.

  • 100% FDI under automatic route permitted in construction, operation and maintenance in specified Rail Infrastructure projects such as:

    • Suburban corridor projects through PPP

    • High speed train projects

    • Dedicated freight lines

    • Rolling stock including train sets and locomotives/coaches manufacturing and maintenance facilities Railway electrification

    • Signaling systems

    • Freight terminals

    • Passenger terminals

    • Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivity to main railway line

    • Mass Rapid Transport Systems

    • Easing of norms underway for FDI in the Construction Development.
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