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MAKE IN INDIA – TURNING VISION INTO REALITY An initiative designed to facilitate investment, foster innovation, protect intellectual property, and build.

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Presentation on theme: "MAKE IN INDIA – TURNING VISION INTO REALITY An initiative designed to facilitate investment, foster innovation, protect intellectual property, and build."— Presentation transcript:

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2 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

3 MAKE IN INDIA- ACHIEVEMENTS PAST 1 YEAR 48% India's Position in the Rating of The World's Fastest Growing Economies – IMF report, April 2015 1 India's Rank Amongst The World's Topmost Investment Destinations, From 110 Countries polled – Baseline profitability Index, 2015 1 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 Increase In Year-on-year Growth In Foreign Direct Investment Inflows Recorded For The Period October 2014 To April 2015 – PIB, India, 2015 3 1 The Number Of Government Services That Can Be Availed Of By An Investor At A Single Window Online Portal 20

4 MAKE IN INDIA – KEY IMPACT – GROWTH IN FDI Top 5 destinations — H1 2015 CountryCapex ($bn)* India31 China28 US27 UK16 Mexico14 Source: fDi Markets. 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 India is in pole position to pass both China and the US in the FDI league tables this year

5 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

6 Make in India initiative

7 Ease of doing business  Make India the easiest and simplest place to do business Eliminate paperwork, processes, procedures, rules & acts  Use technology to leapfrog Converge & integrate departments

8 eBiz- Integration of Services & Payment  Issue of Industrial License  Filing of Industrial Entrepreneurs Memorandum  Employer Registration with ESIC  MCA- Name Availability  MCA-Issue of Director Identification Number  MCA-Certificate Of Incorporation  MCA-Certificate for Commencement of Business  Reporting of Advance Foreign Remittance to RBI  Reporting of FC-GPR  Issue of Permanent Account Number

9  Allotment of Tax Deduction and Collection Account Number  Employer Registration with EPFO  Importer Exporter Code  License for Possession and Sale or Possession and Use of Explosives eBiz- Integration of Services & Payment

10 Radical Reforms- Ease of doing business  No minimum capital. No common seal. No declaration of  commencement of business  Online & real-time registration with ESIC & EPFO, P AN & T AN  Combined returns under 8 labour laws  Documents for exports and imports reduced from 1 1 to 3.  Delicensing of defense items – 56 % of defense items taken out of licensing requirement  NRI investments be treated as Indian investments

11 Making India part of the global supply chain Liberalized FDI Regime:  Railways - 100%  Construction - 100%  Medical Devices - 100%  Defence - 49%  Insurance and pension funds - 49%

12 Liberalized Foreign Direct Investment Regime India today is one of the most open economies of the world  100% FDI permitted in Telecom Sector  100% FDI permitted in Asset Reconstruction Companies  100% FDI in single-brand retail

13 Make in India - impact on FDI (Oct - Jul)

14 FDI inflows in India – top sectors (2014-15)

15  Delhi – Mumbai industrial corridor  Amritsar – Kolkata industrial corridor  Chennai – Bengaluru industrialcorridor  Bengaluru – Mumbai industrial corridor  Chennai – Vizag industrial corridor Creating new world class infrastructure

16 National Industrial corridor development authority (NICDA) being created Converging Industrial corridors

17 New Mindset - Red Tape to Red Carpet  24x7 online service to investors across the world  Response query mechanism  Proactive intervention with all state governments  Follow-up with all Government of India departments  Japan+ and Korea+ special desks

18 100 smart cities  Transforming lives, transforming India  Urban India will contribute 75% of GDP by 2030  700 million Indians to get in the process of urbanisation  Creating an innovative, sustainable India  Urbanisation - a unique opportunity

19 Using technology to leapfrog - JAM  Jan dhan – 160 million new bank accounts of households  Aadhar – 1 billion aadhar enrolments, Unique identity movement  Mobile – 900 million cell phone users (370 mn in rural areas)  India using mobile technology, unique identity & bank accounts

20 Skill India - key challenge  Demographic Dividend – 62% of population in Working Age Group  104 Million to be skill trained by 2022  New dynamic Skill Development & Entrepreneurship Policy  National Occupation Standards laid down by Sector Skill Councils  NSDC provides funding to build scalable, for-profit vocational training institutions (nsdcindia.org)

21 New initiatives  Digital India - Transform India into a digitally empowered society and knowledge economy  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

22 India at the heart of frugal engineering Low cost but not low tech!  Renault KWID will do much better than any other car because it has Indian Genes – Carlos Ghosn, chairman & ceo Renault  General electric’s Mac 400 electro cardio graph (ECG) Machine {1500$ instead of 10000$ for its predecessor. Cost of ECG just 1$}  Heart surgery costs between 2000$ & 5000& as compared to 20000-100000$ in US  Jaipur foot for US $45 and jaipur knee for US $20 - 50 top inventions of the world – Time magazine  Mangalyaan – Mars orbiter mission US 73 Million – 1/10 th the cost of any previous Mars mission.

23 India - design & innovation  A large consumer market  Large B2B market; One of the largest business to govt markets  India - an innovation lab for companies combining technology, design, innovation

24 India - a vibrant nation of startups  Fastest and third largest ecosystem in the world  Technology product, digital & manufacturing startups projected for rapid growth  10 fold increase in access to capital through VC’s, angel investment and seat funding  Nation of job creators rather than job seekers  India is in the midst of a startup boom

25 India - an R&D powerhouse  Leading offshore destination for engineering and R&D services  Talent, technology & emerging market imperative during R&D growth.  Resurgence in the number of R&D centers, almost 10,000 companies employing 5,00,000 Indians.

26 Fostering innovation  Strong TRIPS compliant policy framework  Ease of Access: world-class IT enabled patent offices  Internationally acclaimed systems for International Searching and Preliminary Examination of patent applications.  Madrid system for international registration of trademarks

27  GE Composite material design Electromagnetic analytics Nondestructive evaluation technology  Honeywell Next generation magnetic sensors Image analysis and computer vision Intelligent vehicle technologies  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

28 Source: Zinov Research & Analysis Snapshot of core research by MNC R&D centers in India  Philips Healthcare systems and technologies Energy and lighting Consumer lifestyle technologies  EADS High performance computing Avionics Structures  Siemens Decentralised energy systems Embedded systems S.M.A.R.T.* technologies

29 Source: Zinov Research & Analysis Snapshot of core research by MNC R&D centers in India  3M Abrasives/adhesives Coatings NVH materials  ABB Manufacturing technologies Communication technologies Robotics

30 Automobiles: India’s car market potential: 6+ Millions units annually by 2020 Auto-components: Over 35 IPOs of Global OEMs & Tier 1 procuring from India Aviation: 9 th largest civil aviation market in the world 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.

31 . Construction: Approx. USD 650 billion required for urban infrastructure over the next 20 years Defence: Up to 49% FDI is now allowed under the government route and beyond 49% with the approval of cabinet committee 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. 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.

32 Leather: Total production value of US$11 bn with great potential for exports and a huge domestic market Media and Entertainment: The industry is expected to register a CAGR of 14.2%, reaching INR 1785.8 Billion in 2018 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. IT & BPM: The IT-BPM sector constitutes 8.1% of the country’s GDP and contributes significantly to public welfare

33 Ports: Special Economic Zones are being developed in close proximity to several ports – comprising coal-based power plants, steel plants and oil refineries Railways: 100% FDI under the auto route in the railway infrastructure segment Roads and Highways: Extensive road network of 4.86 mn kms: 2nd largest in the world Pharmaceuticals: Expected to rank among top 3 pharmaceutical markets in terms of incremental growth by 2020. Renewable Energy: India stands fifth in the world in the overall renewable energy capacity installation with an installed capacity of 33,792MW

34 Textiles: India has the second-largest manufacturing capacity globally. 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 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 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

35 For Queries, Assistance, Hand – Holding contact:  Mr. Siddhartha Anand Investor Facilitation Cell, Invest India Email: Siddhartha.anand@investindia.org.inSiddhartha.anand@investindia.org.in +91-11-23487533 +91-11-8750221701

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