With the objective of making the country a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi on Thursday launched the NDA Government's "Make in India" campaign rolling out a red carpet to attract industrialists to make India a global manufacturing hub, to help create jobs and boost economic growth.
Addressing the business leaders Prime Minister Narendra Modi said, "I was listening to the business leaders. My Ministerial colleagues also shared insight, we even saw the film. After seeing all this, hearing these people I do not need to tell you anything more to convince you to Make in India."
Mentioning that he does not want any industrialist being forced to leave India, Modi said, "The most important thing is faith, but we have run the country in such a way that we have failed to show faith in our own people. What happened in last few years? Whenever I met people for the last few years they would tell me- we want to shift out. But I do not want any industrialist being forced to leave India and I can say that we have been able to bring about a change in last few months." he added.
Adding that the FDI is also a responsibility for the people of India, he said, foreign direct investment (FDI) has a different meaning for him, and not just how the world looks at it only as an opportunity. For him, FDI means "first develop India."
Modi further stated ",Who is the Government for? It is for every Indian. It is for the poorest of the poor. Mantra of our Government is that we want to trust each and every Indian. The atmosphere of trust can change a lot of things. Our government wants to have a faith in each and every citizen. The change cannot only take place inside the parliament, it can also happen outside."
Stating that the biggest factor is faith to attract invest he said, "There should be rule of law. Like there is corporate social responsibility (CSR), there should also be corporate-government relations. We have to create opportunities of employment. If the poor get jobs the purchasing power of families will increase."
He said India needs highways and i-ways, which are information ways to create a digital India.
Narendra Modi said, "India offers democracy, demographic dividend, demand and the world is ready to come to Asia. The new era of economic growth is in Asia and we have to see how to make it India's. I want to take India higher on Ease-of-Doing-Business Index and want to enhance Public-Private Partnerships in skills development."
Referring to the successful launch of Mangalyaan, he said, "Especially after yesterday, nobody can question the talent of our people. When we talk of a 'Look East' policy, we must also talk about 'Link West'. We don't have to tell the world our address, there'll be a Vasco da Gama in every nook and corner in India"
"Industry does not come when there are too many incentive schemes. To bring industries, we have to create a development and growth oriented environment. We have to increase manufacturing and at the same time ensure that the benefits reach the youth of our nation and this is the step of a Lion."
He further added. "We want highways. We also want i-ways - information ways for a Digital India. This nation is yours. There is no need to leave the nation. We want our companies to shine as MNCs"
The "Make in India" initiative will act as a first reference point for guiding foreign investors on all aspects of regulatory and policy issues and assist them in obtaining regulatory clearances. The Centre has already allowed 100% Foreign Direct Investment (FDI) under the automatic route in construction, operation and maintenance in rail infrastructure projects and increased FDI in defence from 26 to 49 per cent.
He said the investor facilitation cell will provide assistance to the foreign investors from the time of their arrival in the country to the time of their departure, with focus on green and advanced manufacturing and helping these companies to become an important part of the global value chain.
12:04 IST Thursday, 25 September 2014
Prime Minister Narendra Modi unveils 'Make it india' logo, website and brouchers
11:40 IST Thursday, 25 September 2014
Chanda Kochhar (CEO, ICICI Bank)
CEO of ICICI Bank Chanda Kochhar said, "We are all very inspired. Prime Minister Narendra Modi's vision is going to be the next growth diver for India. India is a large market for various products. Manufacturing will enhance country's macro-economic stability besides creating jobs ."
She further said, "As a nation we need to focus on four areas - rules & regulations, infrastructure, policies and skill training. Make In India can add 90 million jobs in the next decade."
11:45 IST Thursday, 25 September 2014
Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki India
Stating India has the potential to become the biggest car manufacturer of the world, country's top car maker Maruti Suzuki today hoped factors adversely affecting competitiveness of manufacturing will be removed quickly, in line with Prime Minister Narendra Modi's call to make India a manufacturing hub.
Kenichi Ayukawa, Managing Director and CEO said, "Costs of production in India increase because of various government policies, procedures, regulations and the way some of the laws are implemented." Stating that India is not the easiest country to do business, he said, "We are fully confident that, under the Make in India programme of the Prime Minister, factors that adversely affect the competitiveness of manufacturing will now be removed quickly," he said adding India will then become one of the most competitive manufacturing countries in the world.
11:48 IST Thursday, 25 September 2014
Manufacturing has to become the next big wave for us
11:23 IST Thursday, 25 September 2014
Industrialist Mukesh Ambani speaking
Chairman and Managing Director of Reliance Industries Mukesh Ambani said, "Today we commit ourselves to Make in India, a call that was given by our Prime Minister on Independence Day. Today is a historic day for Indian industry. India is blessed with a leader whose unique leadership quality is that he dreams and he does."
He said that the success of Mangalyaan has been a huge encouragement for Indian leaders. He added, "Prime Minister Narendra Modi's interactions in Japan and China and anticipation of America visit has created a very positive environment. When the world looks at India, let nobody have a doubt that we can be competitive on global terms."
11:23 IST Thursday, 25 September 2014
Speaking at the event, Cyrus Mistry said "We are greatly encouraged that the 'Make in India' programme is bringing together the industry and the government."
10:53 IST Thursday, 25 September 2014
Union commerce minister Nirmala Sitaraman addressing dignitaries.
Speaking at the launch event, Nirmala Sitaraman said, "Make in India is not a slogan, it is a single minded commitment for us. We want to make India a global destination for manufacturing and it has a huge potential to be so."
She further added, "World class infrastructure will serve as the impetus from manufacturing. We have identified 25 such sectors in which India can be world leaders. A dedicated has been created to hand hold investors from across the world. Also a dedicated freight and industrial corridors and smart cities are under construction."
10:54 IST Thursday, 25 September 2014
Top industrialist reaches at the launch of "Make In India" campaign.
10:47 IST Thursday, 25 September 2014
Kumar Mangalam Birla at Vigyan Bhawan to attend the launch.
10:46 IST Thursday, 25 September 2014
Health Minister Dr Harshvardhan, Cardiac Surgeon Naresh Trehan & Wipro Chairman Azim Premji also present at the launch event
10:30 IST Thursday, 25 September 2014
Industrialist Mukesh Ambani reaches at Vigyan Bhawan to attend the launch of "Make In India" campaign.
10:49 IST Thursday, 25 September 2014
Make in india site www.makeinindia.com goes live
10:00 IST Thursday, 25 September 2014
Government's initiative to make business process easier.
* Process of applying for Industrial License & Industrial Entrepreneur Memorandum made online on 24×7 basis through eBiz 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.
* 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.
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