make in india - challenges ahead
TRANSCRIPT
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