MAKE IN INDIA Make In India INTRODUCTION India

MAKE IN INDIA

Make In India INTRODUCTION India has already marked its presence as one of the fastest growing economies of the world. It has been ranked among the top 3 attractive destinations for inbound investments. The regulatory environment in terms of foreign investment has been consistently eased to make it investor-friendly. Shankarlal Jain & Associates Chartered Accountants

Make In India RECENT POLICY MEASURES FOREIGN DIRECT INVESTMENT 100% FDI allowed in the telecom sector. 100% FDI in single-brand retail. FDI in commodity exchanges, stock exchanges & depositories, power exchanges, petroleum refining by PSUs, courier services under the government route has now been brought under the automatic route. Removal of restriction in tea plantation sector. FDI limit raised to 74% in credit information & 100% in asset reconstruction companies. FDI limit of 26% in defence sector raised to 49% under Government approval route. Foreign Portfolio Investment up to 24% permitted under automatic route. FDI beyond 49% is also allowed on a case to case basis with the approval of Cabinet Committee on Security. Construction, operation and maintenance of specified activities of Railway sector opened to 100% foreign direct investment under automatic route. For details on FDI Policy http: //www. sljainindia. com/AGN-WC 2012 -India-part 2. pptx Shankarlal Jain & Associates Chartered Accountants

Make In India TAX EXEMPTIONS ELIGIBLE BUSINESS v An enterprise producing eligible articles or business of Hotels, Adventure sports, Medical Services and certain other eligible activities in North Eastern States v Development Special Economic Zone (SEZ) v SEZ unit engaged in manufacturing of product or eligible services v Undertaking engaged in processing bio-degradable waste for generating power or producing bio-fertilizers etc. v Income of Venture Capital co. & Capital fund and business trust from investment v Income of infrastructure debt fund v An enterprise carrying on the business of developing or operating and maintaining or developing, operating and maintaining infrastructure facility. v An undertaking which begins to generate or generate and distribute power or start transmission or distribution by laying a network or substantial renovation of such network before 31 st March, 2017. Shankarlal Jain & Associates Chartered Accounts

Make In India TAX EXEMPTIONS ELIGIBLE BUSINESS v v v v v An undertaking providing telecommunication services In case of eligible housing project including redevelopment of slum area Setting up and operating cold chain facility Setting up & operating warehousing facility for storage of agricultural produce An undertaking is engaged in laying and operating a cross country natural gas or crude or oil pipelines network for distribution chain facility. Setting up 2 star or upper category of hotels Operating and maintaining a hospital in rural area. - The hospital has at least 100 beds for patients An undertaking is engaged in developing housing projects in scheme of Slum development approved by Central Government Building and operating housing project under scheme for affordable housing framed by Government. Production of fertilizers Shankarlal Jain & Associates Chartered Accountants

Make In India TAX EXEMPTIONS ELIGIBLE BUSINESS v Setting up and operating inland container depot or a container freight station v An undertaking is engaged in bee – keeping and production of honey v Setting up and operating warehousing facility for storage of sugar v Laying and operating a slurry pipeline for the transportation of iron ore v Setting up and operating a semi-conductor wafer fabrication manufacturing unit v Research & Development Expenditure Expenses incurred on approved in-house Research & Development by an industrial undertaking : 200 % on capital Expenditure. For details on Tax Exemptions Eligible Business http: //www. sljainindia. com/Present. Tax. pdf Shankarlal Jain & Associates Chartered Accountants