CHALLENGES & WAY AHEAD

PRESENTATION BY – APOORV M. LONDHE

MAKE IN INDIA

INFRASTRUCTURE

HUMAN CAPITAL

STABLE ECONOMY

LACK OF BASIC INFRASTRUCTURE

LAND

ELECTRICITY

WATER

PERMISSION

INDUSTRIAL AREAS – 67 by State Government & 19 from Central Government

NON INDUSTRIAL AREAS – 67 by State Government & 22 from Central Government

CORRUPTION -

TIME CONSUMING PROCESS – LACK OF ACCOUNTABILITY

INCREASE IN DEBT / FINANCIAL LOSS

1. Vary in Taxes form State to State – Eg. Maharashtra 12.5 % while Gujarat 7%

2. Leads to One Sided Development

3. Hectic Tax Laws

4. Encourage industries to Rural Area

5. Stability in growth

Duty’s & Taxes - Rural & Urban Area

LACK OF SKILLED LABOUR About 90 per cent of employment opportunities require vocational skills, but 90 per cent of schools and colleges deliver only bookish knowledge

TRANSPORTATION

LACK OF TRANSPORT FACILITIES –

Roads , Railways & Airports

Internet Connectivity

Less availability of Ports

Negative Factors of Make in India

I. Create Manufacturing based Economy

II. Discourage Domestic Investment

III. Money in Incentive – Increase of Debt

IV. Export Increment But Import Stable

V. Foreign Investment – Discourage Local Investment

INDIA’S INDUSTRIAL PRODUCTION

LAND

LAWS

LABOUR

THE THREE ‘L’ – IN WHICH INDIA NEED REFORMS WILL BENEFIT MAKE IN INDIA

CHALLENGES & WAY ENVOIRONMENTAL FACTORS – Sustainable growth , Environment

friendly technology .

SOCIAL FACTOR : Co-operation of Local people , CSR

STABLE TAX REGIME : Eg. G.S.T - No VAT or additional local taxes

LABOUR ISSUES : Relations between Industrialist & Laborers – single labor organization for there voice

SINGLE WINDOW SYSTEM / EK KHIDKI YOJANA : Fast & Maximum governance

Increase Number of SEZ

Global Competitiveness

LEGAL HURDLE : bills of labor reform cannot be passed .

Resolution of Industrial Disputes : Speed Courts

Increase in Ports : - Make availability of raw material & Will help to Export.

BUT ,

Along with it WE NEED TO ALSO ENCOURAGE DOMESTIC ENTERPRENEURS

• Import Substitution Industrialization• Reduce tariff barriers for foreign investors I.S.I

• Create business friendly environment• Leave it to entrepreneurs when to invest

Ease of business

• Stable Economy – based on import & export • Transparent Economy – Help in Strengthening finance sector

Transparency & Stability of

Economy

MAKE FOR INDIA