Free Essay

Ficci Make in India Report

In: Social Issues

Submitted By sgmk011188
Words 1228
Pages 5
MAKE IN INDIA REPORT
Place: Chandigarh PHD
Date: 25th September 2014.
INTRODUCTION
PrimeMinister Narendra Modi launched the 'Make in India' campaign on Thursday, ahead of his maiden visit to the US, rolling out the red carpet to investors to catapult India, on the global manufacturing stage. The focus will be on 25 sectors and the respective ministries - heavy industries, telecom, power and others.
All this to develop India or as the prime minister says, to 'First develop India'. The event apart from attracting the Indian corporate bigwigs saw participation from representatives from companies from countries such as US, Japan, Korea, Sweden, Poland, Australia, China, Italy, Germany and France.
The Prime Minister acknowledged that India has not been the friendliest nation to do business in, assured investors that the country is headed for a change.
He made a compelling pitch for India, mentioning that only India offers the 3Ds: Democracy, Demography and Demand. He emphasized digital technology as being an integral part of the change and advocated a 'Look East' and 'Link West' policy in the country. Narendra Modi highlighted some very specific initiatives that will help drive this change. He also mentioned some very specific KPIs to measure the effectiveness of the campaign. A few of these are detailed below:
1. An increase in manufacturing sector growth to 12-14% per annum over the medium term.
2. An increase in the share of manufacturing in the country’s Gross Domestic Product from the present 16% to 25% by 2022.
3. Additional 100 million jobs by 2022 in manufacturing sector.
4. Skill development among rural migrants and the urban poor for inclusive growth.
5. An increase in domestic value addition and technological depth in manufacturing.
6. Making the Indian manufacturing sector more competitive and visible on the global stage

PANEL DISCUSSION
The live telecast of the session was followed by a panel discussion. The esteemed panel present for the discussion was:
1. Mr. K.K.Sharma
2. Mr. Rajinder Gupta
3. Ms. Monika Choudhary
4. Mr. Y.S.Malik
5. Ashok Khanna
5. Mr.Yogesh
6. Mr. Dilip Sharma
7. Mr. Ravinder Singh (Punjab)
8. Mr. Rajinder Chauhan (H.P.)
The discussion started with Mr.K.K.Sharma summarizing the speakers’ and the Prime Minister’s “Make in India” initiative program launched in New Delhi. He later emphasized state level challenges faced and ways to resolve them so as to be an integral part of this initiative and make it successful. He focused on striving towards making things simple for existing and potential entrepreneurs. Mr. Sharma asserted that the Chandigarh and Punjab in general has huge potential in terms of industries and world class educational institutes in the vicinity. He mentioned about the potential opportunity to create an Electronics Industry Manufacturing Zone in the Phase 3 area so as to attract manufacturing in the state. He also urged entrepreneurs to leverage the immense opportunities in the real estate (land) available in Chandigarh and expressed full support from the government in clearing the requisite formalities for the same. He also assured about the supply of regular power and water. Mr. Sharma asserted about the environmental protection act. He later on mentioned a recent initiative of doing away with affidavits. He assured to pick up the best practices from other states for improving the clearance system for new projects.
Mr. Y.S.Malik, in his address, asserted that a lot of work needed to be done to bridge the gap between what is declared by the senior level authorities and what actually percolates to the ground level. He mentioned an example of the affidavit abolition and said that it was a non- value adding activity that needs to be minimized. He mentioned the importance of the Digital India campaign as a part of Make In India initiative. He mentioned about the need of interlinking and coordination of all concerned departments. He said that 3 factors, viz., land, finance and power are all becoming expensive and greater subsidizes on these means losing out on the competitive edge globally. He said that sourcing raw material has been a great issue in the clusters in Himachal Pradesh, especially the timely payment to MSME’s. He said about improving the supplier-procurer relationship and mentioned about an initiative of appointing 6-7 retired session judges as arbitrators. He asserted that there are 2 important inputs required for making the Make In India initiative successful- Technology and Skilled manpower. He said that this would be a learning process for all of us.
Mr.Rajender Gupta applauded governments Make in India initiative and expressed confidence about the success of this initiative. He mentioned about 2 issues: 1. Rules, regulations and procedures which deal with setting up industries need to be revisited and 2. A need of a single window with Chief Minister as the chairperson for all clearance work. He also expressed a desire for all clearances being facilitated within 90 days. He then spoke about other initiatives that have come up in Himachal such as skill development center which caters to the development of not only regular individuals but also unemployed and disabled. He spoke about the specific challenges faced by Himachal such as being extreme north. However, he mentioned about the opportunities that exist in the periphery of the state. He mentioned about the schemes for 1st generation entrepreneurs for easy financing at low rate of interest and urged them to come to Himachal Pradesh.
Ms.Monika Choudhary of the FICCI mentioned about the challenges faced by women entrepreneurs as they enter into this domain. She however asserted that women remain equally passionate about the field. She also mentioned about the need of leveraging the potential of Digital India campaign.
Mr.Ashok Khanna later on conducted an open house Q&A session wherein the panel answered specific queries of the audience. Discussion and debates on various topics like finance for entrepreneurs, land prices and constraints took place. Problems with the existing system and affidavits were also mentioned as a part of the open house.
The session ended with Mr.Khanna proposing the vote of thanks on behalf of everyone. He summarized the session mentioning 7 key highlights from the Make In India Program at New Delhi: 1. Presence of major industrialists across India as speakers 2. Labor laws revision 3. The second meaning of FDI, meaning First Develop India 4. Skill development 5. Cost effectiveness of the Mars mission 6. Digital India campaign 7. Ease of doing business
RECOMMENDATIONS
Make in India makes a strong proposal of improving the performance of Indian manufacturing sector by leaps and bound. But as we understand in order to gain the maximum out of this initiative we need to focus on certain areas. So some key recommendations are:
1. A pragmatic bureaucracy empowered to take action with minimum interference
2. Strict laws and stronger implementation through single window grievance hear out cells
3. Removal of hindrance tax system and introduce a single GST model
4. Revision of export subsidies and duties to promote trade
5 Address the need for technology by promoting strong global collaboration through eased norms of FDI and M&A
6. Corruption needs to be dealt at the basic grass root level and stricter punishments need to be devised to address this issue.
7. Geo Political ties with developed nations need to be improved to encourage investment

Similar Documents

Premium Essay

E&Y Neutraceuticals Report

...E&Y Nutraceuticals Critical supplement for building a healthy India Contents Foreword................................................................................................... 04 Introduction............................................................................................. 06 Executive summary................................................................................ 07 An insight into the nutraceuticals market of India Section I: Nutritional status of the population of india....................................10 Section II: Nutraceuticals market: global and India.........................................24 Section III: Way forward............................................................................... 48 Annexure.................................................................................................. 66 Acknowledgements................................................................................ 76 Glossary....................................................................................................77 About FICCI..............................................................................................80 Foreword Ajit Singh Chairman- FICCI Task Force on Nutraceuticals Chairman- ACG Worldwide (formerly Associated Capsules Group) President- Health Foods and Dietary Supplements Association (HADSA) Dear reader, Nutraceuticals as they are called in industry parlance cover a basket of products from...

Words: 20237 - Pages: 81

Premium Essay

Ficci Report

...March 14, 2012 Wednesday FICCI Frames, a three day global meet that covers the entire Media and Entertainment industry like Films, Broadcast (TV & Radio), Digital Entertainment, Animation, Gaming, Visual Effects, etc. Thousands of Delegates across the world were expected to attend this event from Media and Entertainment. This is the platform for the media & entertainment professionals to network and develop themselves in the industry. Frames originally, started in the year 2000 and had evolved as a great forum to discuss emerging media and India’s role in this. Apart from networking, it delivers thought provoking speeches and inspiring comments from various media experts. Frames 2012 has started from 14th March, 2012 with the inauguration ceremony hosted by the famous Bollywood Director & Producer Karan Johar. Also the ceremony was followed by the Lighting of the Lamp, Keynotes and Inaugural notes by the Bollywood actor Sonam Kapoor; Hon’ble Chief Minister of Maharashtra, Prithviraj Chavan; Chairman of MPAA, Senator Chris Dodd; CEO of Star India & Chairman of FICCI Broadcast Forum, Uday Shankar. The launch of the FICCI-KPMG Report and FICCI Amarchand Lawbook was also the part of the inaugural ceremony. The discussions on the Day 1 was all about the Digitization, India- Japan Partnerships in Animation, Marketing and Distribution of Films, Upcoming challenges for the Print Medium, Business Connection in Online World, Financing the Media and Entertainment......

Words: 591 - Pages: 3

Free Essay

India and China Report

...Introduction : Rise of India and China India and China are the two most populated countries in the world, each with a little over 1 billion people. Both countries have long and ancient history. Both are unique in having an unbroken stream of ancient culture and civilization for centuries before the dawn of the Christian era. Populations of both countries consist of very highly educated and technically skilled work force. In both countries, there is very large middle class, progressively becoming very hungry for vast quantities of consumer goods. However until the 1980s, their economies were among the poorest in the world. India has been the largest democracy since 1947 but heart-rending sights of extreme poverty can be seen even in the flourishing business capitals. There are no subways, very few highways which results in nightmarish tangle of traffic all the time. China has been under the communist rule since the revolution led by Mao Tse Tung in 1966 and still continues to be under the centralized communist rule. Both the countries operated under centralized planning and kept their economies closed to global markets. However, in the past two decades, the world is witnessing a strange miracle taking place in both the countries. In the early 1980s, first China and later, India, started opening their economies to foreign direct investment and began participating more and more in global trade. The world had never witnessed this rare phenomenon of two relatively poor......

Words: 16775 - Pages: 68

Premium Essay

My Report on Education in India

...Inside India’s Education I am glad to say that I am one of those lucky few kids in India who had the privilege of attending a private school. My parents could afford to send me to a good school, and I am eternally grateful to them. But, I did not understand how lucky I was until 2006, when I volunteered to teach English to a group of kids studying or rather enrolled in a government school where subjects are taught in regional language. It was when I met these kids aged between 6-12, and I got firsthand information about their class structure, teachers, syllabus, etc. Recently, I read “Needs Improvement’: Despite Progress, India’s primary education system has ways to go” published in The Lauder Global Business Insight Report 2013 by Knowledge@Wharton. In the rest of this paper, I would like to compare my first-hand experience and reflect on this article. Majority of the population in India lives in rural areas with access mostly to government led primary schools. Rural India is the backbone of India and the future of India lies in the hands of the children of India. Currently the problems I see with government-led schools in India are: * The teaching medium in most of the schools is the regional language of the state in which the school is located [5] * The very large ratio of students to teachers hence lack of individual attention [6] * A large number of untrained teachers [7] * A general lack of disinterest in learning due to the attitude of people...

Words: 1444 - Pages: 6

Premium Essay

Sony Music India

...Sony Music (India) February 2012. Vivek Paul, Director of Digital Media Initiatives at Sony sat with Shridhar Subramaniam, President, India and Middle East, Sony Music Entertainment, in his Santa Cruz, Mumbai office and mulled over the remarkable changes that the music industry in India had witnessed over the past few years. With the rapid growth in Internet penetration and usage, technology was driving music production, access and consumption. Sales from digital platforms had surpassed sales from traditional physical formats, such as CDs and tapes. With the distribution of digital music in India largely skewed towards the telecom business, music was increasingly being accessed via mobile devices, including smartphones and tablets. Artists were reaching out to consumers directly through many innovative platforms, and live performances were gaining more traction. Independent (“indie”) artist business models were rising in popularity and creating further fragmentation in the market. Overall, the role of the recording company seemed to be diminishing. While some of the leading companies in the music industry were testing the waters in the digital space, new players, including technology companies, were quickly entering the market with various new platforms and services. Distribution, in the form of music streaming services and e-commerce sites, was changing the way music was being bought and consumed. As Head of Digital Media, Paul reflected on the role of Sony Music India, a......

Words: 10156 - Pages: 41

Free Essay

India Media and Entertainment Sector Report

...QUARTERLY PERFORMANCE ANALYSIS OF COMPANIES (July - September 2010) INDIAN MEDIA & ENTERTAINMENT INDUSTRY October 2010 Cygnus Business Consulting & Research Pvt. Ltd. Plot No: 8-3-948/949, 1st Floor, Solitaire Plaza, Behind Image Hospital, Ameerpet, Hyderabad - 500 073. Tel: +91-40-23430202-05, Fax: +91-40-23430201, E-mail: info@cygnusindia.com Website: www.cygnusindia.com Disclaimer: All information contained in this report has been obtained from sources believed to be accurate by Cygnus Business Consulting & Research Pvt. Ltd. (Cygnus). While reasonable care has been taken in its preparation, Cygnus makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. The information contained herein may be changed without notice. All information should be considered solely as statements of opinion and Cygnus will not be liable for any loss incurred by users from any use of the publication or contents 1 QPAC-Indian Media & Entertainment Industry- July - September 2010 CONTENTS EXECUTIVE SUMMARY.........................................................................................................3 INDUSTRY ANALYSIS ............................................................................................................4 OUTLOOK FOR THE SECTOR ...........................................................................................11 INTER-FIRM COMPARISON........................................

Words: 8644 - Pages: 35

Free Essay

Report on Under-Five Child Health in India

...India has the world's highest percentage (21%) of under-five deaths, estimated at 1726000 in 2009 owing to its large population1. The country has managed to reduce the under-five mortality rate from 118 per 1000 live births in 1990 to 63 per 1000 live births in 2010. This average annual rate of decline at 3.1% is considered insufficient to achieve the Millennium Development Goal 4 of reducing under-five mortality to 39 per 1000 live births by 20152. These figures however do not reveal the huge inequities in mortality rates across the country, within States and between them, as well as between children in urban and rural areas3. In India, states such as Assam, Arunachal Pradesh, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan and Uttar Pradesh have higher under-five mortality than the rest of India. On account of the unacceptably high fertility and mortality indicators, these states which constitute 48% of India population, have been designated as the ‘High Focus States’ by the Government of India. This report aims to discuss the three major causes of under-five mortality in these high focus states and suggest interventions to combat the same. Diarrhea is one of the leading causes of under-five mortality among the high focus states accounting for about 15-17% of deaths among children under five4. Maternal factors, nutrient deficiency and environmental hygiene are some of the distal determinants of this leading cause. Some of the proximal determinants are......

Words: 957 - Pages: 4

Premium Essay

Ficci

...FICCI Economic Outlook Survey July 2011 FICCI, Federation House, 1, Tansen Marg, New Delhi FICCI Economic Outlook Survey – July 2011 About the Survey The seventh round of FICCI’s Economic Outlook Survey was conducted during the period 7th July and 19th July, 2011. As part of the survey, a structured questionnaire was drawn up and sent to economists and financial analysts with a view to gauge their perception and views on topical economic issues as well as to seek their outlook for key macro-economic variables. A total of 13 economists and financial analysts participated in the present survey. These economists and financial analysts largely come from the banking and financial sector. The sample also includes economists and financial analysts from industry and research institutions. The survey participants were asked to provide their forecast for key macro economic variables for the year 2011-12 as well as for Quarter 1 (Apr-June) and Quarter 2 (July-Sep) of 2011-12. In addition to these, views were sought on two topical issues – whether RBI should be prepared to deal with the possibility of another global slowdown and the expected stance of RBI in the forthcoming monetary policy review on July 26th, 2011. The feedback received from the survey participants was aggregated and analyzed. The results obtained are presented in the following pages. The findings of the survey represent the views of respondents and do not reflect the views of FICCI. 2|P a g e FICCI......

Words: 3069 - Pages: 13

Free Essay

Make in India

...MAKE IN INDIA – PROSPECTS OF ELECTRONIC SECTOR Presented By: Sandeep.P.S, Akhila Reddy FEBRUARY 26, 2015 SIVA SIVANI INSTITUTE OF MANAGEMENT KOMPALLY, HYDERABAD PAPER PRESENTATION MAKE IN INDIA – PROSPECTS OF ELECTRONIC SECTOR Students-PGDM D. Akhila Reddy (ph:8008603183, mail: akhila.23tps@ssim.ac.in) Sandeep P.S(ph:09037323232, mail: Sandeep.23tps@ssim.ac.in) Siva Sivani Institute of Management, Secunderabad. ABSTRACT “Make in India” is an international marketing strategy, conceptualized by the Prime Minister of India, Narendra Modi on 25th September 2014 to attract Foreign direct investments from businesses around the world. Ultimately this process will strengthen the India's manufacturing sector. The campaign's purpose is to enhance job creation, boost the national economy and convert India to a selfreliant country and to give the global recognition to Indian economy. The purpose of Make in India is to convert the Indian economy as the manufacturing hub and to transform the Indian economy. India is inviting the investors from the rest of the world by eliminating laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable. India is well known for software industry but lagging in hardware industry, therefore India is importing most of the electronic goods like Mobiles, Laptops, Flat panel LED, LCD TVs from foreign countries like Japan, China USA,UK, Singapore etc. as they have the......

Words: 1884 - Pages: 8

Premium Essay

Make in India

...I C T Essay writing M a k e I n INDIA M a k e I n INDIA Competition Done By- M. Karthik Balaji Class- IX- B Roll No- 11 School- St. John’s Public School Done By- M. Karthik Balaji Class- IX- B Roll No- 11 School- St. John’s Public School Make in India * M. Karthik Balaji I t has very nearly been 66 years since we, as one nation, took the reins of our destiny in our own hands. And while that still places us as a relatively young democracy (the US, for example, signed the declaration of independence in 1776), the fact that the first generation born after that fateful midnight has now started retiring is a noteworthy milestone. As a people who use the same word for tomorrow as for yesterday, keeping track of the passage of time and the changes it brings along is not something we are very adept at. The vastness and the diversity of this nation make this task no easier. With a colourful and noisy population, India is perhaps the perfect example of what anthropologist Edward Hall described as a “high-context” society. Such societies are marked by an environment of familiarity and universally-shared polite fiction, where a lot goes unsaid, or is said in just a few words. As a result, much is left to be implicitly understood from context. This inevitably makes the modern historian’s job even tougher, especially given the vagueness and the flowery sense of political correctness of any recorded letter or conveyed opinion. The welcome emphasis in our foreign investment policy......

Words: 1331 - Pages: 6

Premium Essay

Make in India

...Confederation of Indian Industry CII 13th Manufacturing Summit 2014 Make In India: Turning Vision Into Reality The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-forprofit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep in­ ight into s the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable compet­tive advantage, build more i capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries. For more information, please visit bcg.com. The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes. CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India‘s development process. Founded in 1895, India‘s premier business association has over 7200 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 100,000 enterprises from around 242 national and regional...

Words: 6234 - Pages: 25

Premium Essay

Mtv India

...MTV India – 78-665-02 Travis Lafferty – 104310841 Muhammad Majid - 104329571 Syed Husain - 103707301 MD Maruf Chowdhury - 104300198 Mushfiqur Rahman - 104336715 The University of Windsor MTV, originally Music Television, is an entertainment and music based television channel owned by Viacom. In each region MTV is in it aims to target the youth, specifically teenagers, via specifically created shows to appeal to the specific region they are in. MTV currently broadcasts in more than 170 countries and in 32 languages. There are 136 distinct MTV channels and 230 different web sites. This allows MTV to target each region specifically and develop different programming for each region, as what the youth enjoys varies greatly by region. MTV first launched in 1981 as a basic cable channel dedicated to music in the United States of America. The original target market was young adults, specifically those aged 15-34 as this would allow them to target at least one quarter of Americans. The channel was hosted by VJs, or video jockeys. MTV began to expand outside of the US market by entering the European market in 1987. They then began to expand even further around the world, specifically the Asia Pacific region, focusing on India and Pakistan. MTV India was launched in 1996. Launch of MTV India MTV India had a first mover’s advantage in India as it arrived before any of its competition. However, they first made the mistake of simply coming to India as MTV, with no changes to...

Words: 3384 - Pages: 14

Free Essay

Make in India

...MAKE IN INDIA The Industrial revolution which started in 18th century which converted mainly Agrarian , rural societies of America and Europe and industrialized and urbanized them. Manufacturing at large scale , complex and efficient manner made those nation’s economy prosper . There is a chain of transformation throughout the world which is from Agrarian economy to Manufacturing based economy to Services based economy . But in case of India’s our GDP composition sector wise , Services(56.9 %),Manufacturing (25.8 %) and agriculture(17.4 %) . So we actually skipped manufacturing and directly went to services based economy which is untenable in the long run. So the present NDA government is giving all the right signals by the slogan “Make In India” , they actually want to boost the manufacturing sector growth and higher contribution to overall GDP. The most important attributes which help in development of manufacturing sector : * Infrastructure : Manufacturing sector is totally dependent on the level of infrastructure support their in the country . Limitation : 1) But presently the level of infrastructure is poor , shortcoming while transporting raw materials and finished products to their respective destination , power shortage for running the plants . 2) The banks in India are not big enough compared to the banks of developed economies or other emergent economies to fund large infrastructure projects Steps......

Words: 1166 - Pages: 5

Premium Essay

Make in India

...Make in India: Reverie or Reality Abstract: Make in India is the BJP-led NDA government's flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The intention is to revive manufacturing businesses and emphasizing key sectors in India and to address the growing concerns that most entrepreneurs are moving out of the country due to its low rank in ease of doing business ratings. Current scenario: The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. The four pillars are:  * ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.  * Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication. * FDI has been opened up for new sectors like Defense production, Insurance, Medical Devices, and Construction and Railway infrastructure in a big way. * In order to partner with industry in economic development of the country Government shall act as a facilitator and not a regulator. Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government......

Words: 970 - Pages: 4

Free Essay

Project Report on Myk Laticrete India Pvt.Ltd. Kolkata

...PROJECT REPPORT ON MYK LATICRETE INDIA PVT.LTD. KOLKATA [pic] A Project Report submitted in partial fulfilment of the requirements For the award of the degree of MASTER OF BUSINESS ADMINSTRATION Collaboration program with PRIST University BY SAGAR KUMAR Reg. No- CM 2091860074 Under the guidance of Prof. Jayshree Kotwal [pic] PRIST UNIVERSITY Vallam, Thanjavur 2010 STUDENT’S DECLARATION I declare that the project titled “MARKETING RESEARCH” is an original project done by me and no part of the project is taken from any other project or materials published or otherwise or submitted earlier to any other college or university. SAGAR KUMAR ACKNOWLEDGEMENTS I extend my special gratitude to our beloved director Shri. ANANDARAM, Our Dean and Co-coordinator Prof. H. Muralidharan for inspiring me to take up this project. I wish to acknowledge my sincere gratitude and indebtedness to my project guide Prof. of M.S. RAMAIAH MANAGEMENT INSTITUTE, Bangalore for his valuable guidance and constructive suggestions in the preparation of project report. I extend my gratitude to MYK LATICRETE INDIA PVT. LTD. and the TSM (Territory Sales Manager) MR. DIBYENDU DAS, and all my colleagues, friends for their encouragement, support, guidance and assistance for undergoing......

Words: 4941 - Pages: 20