MAKE IN INDIA TURNING VISION INTO REALITY An
- Slides: 36
MAKE IN INDIA – TURNING VISION INTO REALITY An initiative designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure Aimed at creating 100 million jobs over the next decade and bringing manufacturing up to 25% of Indian GDP
MAKE IN INDIA- ACHIEVEMENTS PAST 1 YEAR 48% 1 1 1 3 20 The Increase In Year-on-year Growth In Foreign Direct Investment Inflows Recorded For The Period October 2014 To April 2015 – PIB, India, 2015 India's Position in the Rating of The World's Fastest Growing Economies – IMF report, April 2015 India's Rank Amongst The World's Topmost Investment Destinations, From 110 Countries polled – Baseline profitability Index, 2015 India's Position Amongst 100 Countries On The Growth, Innovation And Leadership Index – Frost & Sullivan, 2015 India's Position Amongst World’s Best Prospective Investment Destinations – UNCTAD report, 2015 The Number Of Government Services That Can Be Availed Of By An Investor At A Single Window Online Portal
MAKE IN INDIA – KEY IMPACT – GROWTH IN FDI As per the FDI Markets, a Financial Times, London data service -India has surpassed China and the US to take the pole position in attracting largest FDI in the first half of 2015 Top 5 destinations — H 1 2015 Country Capex ($bn)* India 31 China 28 US 27 UK 16 Mexico 14 Source: f. Di Markets. India is in pole position to pass both China and the US in the FDI league tables this year
MAKE IN INDIA – KEY IMPACT – IMPROVING COMPETITIVENESS India has jumped 16 places in the World Economic Forum’s Global Competitiveness Report 2015 -16 - a result of the positive way in which the current government is viewed by investors. The rankings show India ranked 55 out of 140 countries - an improvement over last year’s 71 out of 144
Make in India initiative
Ease of doing business v. Make India the easiest and simplest place to do business Eliminate paperwork, processes, procedures, rules & acts v. Use technology to leapfrog Converge & integrate departments
e. Biz- Integration of Services & Payment v. Issue of Industrial License v. Filing of Industrial Entrepreneurs Memorandum v. Employer Registration with ESIC v. MCA- Name Availability v. MCA-Issue of Director Identification Number v. MCA-Certificate Of Incorporation v. MCA-Certificate for Commencement of Business v. Reporting of Advance Foreign Remittance to RBI v. Reporting of FC-GPR v. Issue of Permanent Account Number
e. Biz- Integration of Services & Payment v. Allotment of Tax Deduction and Collection Account Number v. Employer Registration with EPFO v. Importer Exporter Code v. License for Possession and Sale or Possession and Use of Explosives
Radical Reforms- Ease of doing business v. No minimum capital. No common seal. No declaration of vcommencement of business v. Online & real-time registration with ESIC & EPFO, P AN & T AN v. Combined returns under 8 labour laws v. Documents for exports and imports reduced from 1 1 to 3. v. Delicensing of defense items – 56 % of defense items taken out of licensing requirement v. NRI investments be treated as Indian investments
Making India part of the global supply chain Liberalized FDI Regime: v. Railways - 100% v. Construction - 100% v. Medical Devices - 100% v. Defence - 49% v. Insurance and pension funds - 49%
Liberalized Foreign Direct Investment Regime India today is one of the most open economies of the world v 100% FDI permitted in Telecom Sector v 100% FDI permitted in Asset Reconstruction Companies v 100% FDI in single-brand retail
Make in India - impact on FDI (Oct - Jul)
FDI inflows in India – top sectors (2014 -15)
Creating new world class infrastructure v. Delhi – Mumbai industrial corridor v. Amritsar – Kolkata industrial corridor v. Chennai – Bengaluru industrialcorridor v. Bengaluru – Mumbai industrial corridor v. Chennai – Vizag industrial corridor
Converging Industrial corridors National Industrial corridor development authority (NICDA) being created
New Mindset - Red Tape to Red Carpet v 24 x 7 online service to investors across the world v. Response query mechanism v. Proactive intervention with all state governments v. Follow-up with all Government of India departments v. Japan+ and Korea+ special desks
100 smart cities v. Transforming lives, transforming India v. Urban India will contribute 75% of GDP by 2030 v 700 million Indians to get in the process of urbanisation v. Creating an innovative, sustainable India v. Urbanisation - a unique opportunity
Using technology to leapfrog - JAM v. Jan dhan – 160 million new bank accounts of households v. Aadhar – 1 billion aadhar enrolments, Unique identity movement v. Mobile – 900 million cell phone users (370 mn in rural areas) v. India using mobile technology, unique identity & bank accounts
Skill India - key challenge v. Demographic Dividend – 62% of population in Working Age Group v 104 Million to be skill trained by 2022 v. New dynamic Skill Development & Entrepreneurship Policy v. National Occupation Standards laid down by Sector Skill Councils v. NSDC provides funding to build scalable, for-profit vocational training institutions (nsdcindia. org)
New initiatives v. Digital India - Transform India into a digitally empowered society and knowledge economy v. Swachh Bharat Abhiyaan and Clean Ganga Focuses on building toilets, especially for women and make India the cleanest country Clean Ganga aims to clean and rejuvenate the river Ganges
India at the heart of frugal engineering Low cost but not low tech! v. Renault KWID will do much better than any other car because it has Indian Genes – Carlos Ghosn, chairman & ceo Renault v. General electric’s Mac 400 electro cardio graph (ECG) Machine {1500$ instead of 10000$ for its predecessor. Cost of ECG just 1$} v. Heart surgery costs between 2000$ & 5000& as compared to 20000 -100000$ in US v. Jaipur foot for US $45 and jaipur knee for US $20 - 50 top inventions of the world – Time magazine v. Mangalyaan – Mars orbiter mission US 73 Million – 1/10 th the cost of any previous Mars mission.
India - design & innovation v. A large consumer market v. Large B 2 B market; One of the largest business to govt markets v. India - an innovation lab for companies combining technology, design, innovation
India - a vibrant nation of startups v. Fastest and third largest ecosystem in the world v. Technology product, digital & manufacturing startups projected for rapid growth v 10 fold increase in access to capital through VC’s, angel investment and seat funding v. Nation of job creators rather than job seekers v. India is in the midst of a startup boom
India - an R&D powerhouse v. Leading offshore destination for engineering and R&D services v. Talent, technology & emerging market imperative during R&D growth. v. Resurgence in the number of R&D centers, almost 10, 000 companies employing 5, 000 Indians.
Fostering innovation v. Strong TRIPS compliant policy framework v. Ease of Access: world-class IT enabled patent offices v. Internationally acclaimed systems for International Searching and Preliminary Examination of patent applications. v. Madrid system for international registration of trademarks
Snapshot of core research by MNC R&D centers in India v GE Composite material design Electromagnetic analytics Nondestructive evaluation technology v. Honeywell Next generation magnetic sensors Image analysis and computer vision Intelligent vehicle technologies v. General Motors Smart system modeling Vehicle structure and safety Chemical reaction modeling Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India v Philips Healthcare systems and technologies Energy and lighting Consumer lifestyle technologies v. EADS High performance computing Avionics Structures v. Siemens Decentralised energy systems Embedded systems S. M. A. R. T. * technologies Source: Zinov Research & Analysis
Snapshot of core research by MNC R&D centers in India v 3 M Abrasives/adhesives Coatings NVH materials v. ABB Manufacturing technologies Communication technologies Robotics Source: Zinov Research & Analysis
Automobiles: India’s car market potential: 6+ Millions units annually by 2020 Aviation: 9 th largest civil aviation market in the world Auto-components: Over 35 IPOs of Global OEMs & Tier 1 procuring from India Biotechnology: Amongst top 12 biotech destinations in the world; 3 rd in the Asia-Pacific region. Chemicals: 3 rd largest in Asia & 6 th largest by output in the world.
. Construction: Approx. USD 650 billion required for urban infrastructure over the next 20 years Electrical Machinery: The industry has grown close to USD 25 billion. It contributes 1. 4% to the nation’s GDP and 10% to the manufacturing growth. Defence: Up to 49% FDI is now allowed under the government route and beyond 49% with the approval of cabinet committee Electronic Systems Expected demand to reach USD 400 Billion by 2020, aided by government schemes Food Processing: National Food Processing Policy aims to increase the level of food processing from 10% in 2010 to 25% in 2025.
IT & BPM: The IT-BPM sector constitutes 8. 1% of the country’s GDP and contributes significantly to public welfare Media and Entertainment: The industry is expected to register a CAGR of 14. 2%, reaching INR 1785. 8 Billion in 2018 Leather: Total production value of US$11 bn with great potential for exports and a huge domestic market Mining: India has vast minerals potential with mining leases granted for longer durations of 20 to 30 years Oil and Gas: Threefold increase in energy demand expected in India by 2035 to 1, 516 mn tonnes of Oil Equivalent from 563 mn Tonnes of Oil Equivalent in 2012.
Pharmaceuticals: Expected to rank among top 3 pharmaceutical markets in terms of incremental growth by 2020. Railways: 100% FDI under the auto route in the railway infrastructure segment Ports: Special Economic Zones are being developed in close proximity to several ports – comprising coal-based power plants, steel plants and oil refineries Roads and Highways: Extensive road network of 4. 86 mn kms: 2 nd largest in the world Renewable Energy: India stands fifth in the world in the overall renewable energy capacity installation with an installed capacity of 33, 792 MW
Space: India is a world leader in low cost space exploration and Indian space program stands out as the most cost effective in the world Thermal Power: 4 ultra mega power projects awarded and five more ultra mega power projects), under the plug and play model will be set up with total investments of ₹ 1 trillion Textiles: India has the second-largest manufacturing capacity globally. Tourism: Foreign tourist arrivals to India has risen 7. 1% to 7. 5 million in 2014. Wellness: The sector is growing at 20% from year to year and is projected to amount to INR 162 Billion in 2014
For Queries, Assistance, Hand – Holding contact: v. Mr. Siddhartha Anand Investor Facilitation Cell, Invest India Email: Siddhartha. anand@investindia. org. in +91 -11 -23487533 +91 -11 -8750221701
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