THINK TANK - MAKE IN INDIA

FEB 17, 2016

MAKE IN INDIA

The ' Make in India' Initiative of Govt. of India is playing a major Role in the India Growth Story .

Chartered Accountants in Industry and Profession are involved in very significant functions as Entrepreneurs, Professional Managers and Professionals to Make India improve its position substantially in "Ease of Doing Business " and by Making India as :

• 1st among the World's Fastest Growing Economies • 1st among 100 Countries on the Growth, Innovation and

Leadership Index• 7th most Valued Nation Brand in the World.• Among the top 10 FDI Investment Destinations • 1st Choice for Tech MNC's to set up R & D Centers• 1st amongst 110 Investment Destinations rolled globally

This special Event is highlighting opportunities in the India Growth Story with Start up India , Skills India , Digital india and encouraging Entrepreneurs across various Sectors from Conception stage to Growth , Stability and Value Creation in the resilient Indian Economy

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4 PILLARS OF MAKE IN

INDIA

Make in India - 4 Pillars and Sectoral Focus

• Ease of Doing Business•   FDI•   Intellectual Property• National Manufacturing - focus on 25 Sectors

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1. Automobile2. Automobile Components3. Aviation4. Biotechnology5. Chemicals6. Construction7. Defense Manufacturing8. Electrical Machinery9. Electronic systems10.Food processing11. IT & BPM12.Leather13.Media & Entertainment14.Mining15.Oil & Gas

16.Pharmaceuticals17.Ports & Shipping18.Railways19.Renewable Energy20.Roads & Railways21.Space22.Textile & Garments23.Thermal Power24.Tourism & Hospitality25.Wellness

Visit - http://www.makeinindia.com/home

ROLE OF CA AS FINANCE

PROFESSIONALS

1. Startup - Promoter 2. Mentoring3. Governance - Board / Promoter / Independent4. Compliance - Audit & Assurance, Tax, Company Affairs,

Statutory areas5. Consulting6. Fund Raising / Investment Banking\7. Due Diligence 8. Valuations9. M & A10.Kpo/ Bpo 11.Analytics12. Intermediary/ Agency/ Broker (Dalal)13. Investment Advisor14.Research Analyst - Fundamental and Technical15.Trading / Speculation ? 16.Others

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ROLE OF CAs IN MAKE IN

INDIA

Contribute to India Growth Story at Organizational Level 1. Entrepreneur - Start up or of Established Co in expansion,

consolidation, restructuring or Innovation phase.2. Professional Manager - at Board (Governance level),

Operating (CEO, CFO, CXO , Middle Management or IR management level)

3. Professional CA - (Partner , Director , Principal , Manager or Assistant level) in various functional areas.

4. Services and Outsourcing - KPO/ BPO/ skills space. 5. Education and Training (including Content Development)6. Startup - Incubation / Disruption/ Innovation

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MCA

• Investor awareness programmes all over country • Boards - Disclosures and Boards – Duties• Micro, Small and Medium Enterprises (MSME) • 8% of country's GDP• 45% of Manufacturing• Safeguards for Lenders / Depositors• Registration Charges                                • Quick & speedy formation of companies providing boost to

Startups • Corporate Social Responsibility (CSR)• Visit: http://www.mca.gov.in/

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ROAD TO SUCCESS THROUGH REFORMS

Ease of doing business• Need to move higher in top 50 to boost investment &

competitiveness• Implement GST to boost growth and competitiveness• Infrastructure push to boost growth• Land  and Real Estate  reforms to boost investment and

employment • Labour  reforms to boost employment

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INDIA GROWTH STORY

• Old Economy or New Age businesses - Major Industrial Houses Tata's, Birla's, Reliance, Mahindra's, Vedant groups and many more making significant commitments

• Foreign   Majors / Agencies  Making huge investments in Infra - Corridors, Railways, Power, Telecom, Auto, Manufacturing, Digital etc.

• 100 Smart Cities powered by Digital India                       • Amazon announces set up dedicated Make in India stores on

its India and US websites.                                    • Special Wallets for Made in India products – eg. paytm• Innovations - Robots high technology innovations for Safety

and Productivity at global standards eg TAL Manufacturing Solutions  - a Tata Motors subsidiary, ABB etc

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ROLE OF SKILLS IN

MANAGING INDIA

• India is at crossroads in its ambition to emerge as an economic superpower.              

• And never before has the need for an army of skilled manpower been felt this strongly.                                

• It is a challenge we must take head-on , not just for this generation but also for many to come in the future.

• Let them not find us wanting - Mr S. Ramodorai, Chairman, National Skills Development Corporation

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ROLE OF SKILLS IN

MANAGING INDIA

• India needs to learn a lot of new skills for making Global Brands, including miniaturization.

• However , we are some time away from that. • However this is the right time to start learning new skills for

India - Mr. Kumar Mangalam Birla at CNN Asia Business Forum on 14 Feb 2016

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SKILL INDIA

11Top 10 Sectors to account for about 80% of requirementsMandate to skill 150 million people by 2022

Visit - http://www.nsdcindia.org/

DIGITAL INDIA - VISION

Digital Infrastructure as a Utility to every Citizen• High speed internet• Digital identity – cradle to grave unique identity• Shareable private space on public cloud

Governance & Services on Demand• Seamlessly integrated across departments or jurisdictions• Services available in real time from online &mobile platform• All citizen entitlements to be available on the cloud• Making financial transactions electronic & cashless• Leveraging GIS for decision support systems & development

Digital Empowerment of Citizens• Universal Digital Literacy• Universally accessible digital resources• All documents/ certificates to be available on cloud• Availability of digital resources / services in Indian languages• Collaborative digital platforms for participative governance• Portability of all entitlements through cloud

Visit - http://www.digitalindia.gov.in/

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13 9 PILLARS OF DIGITAL INDIA

9 PILLARS OF DIGITAL INDIA

141. Broadband Highways• Rural – connecting 2.5 lakh villages by National Optical Fibre Network

by Dec 2016. • Urban – Virtual Network Operators would be leveraged for service

delivery and communication infrastructure in new urban development projects

• National information infrastructure – integrating networks like SWAN, NKN and NOFN along with cloud enabled National and State Data Centres

2. Universal Access to Mobile Connectivity • Fill the gap in connectivity• All uncovered villages will be provided mobile connectivity3. Public Internet Access Program• Common service centre (CSC) – 1 in each Gram Panchayat. End points

for delivery of government and business services• Multi Service Centre – 150,000 post offices to be converted4. E-Governance: Reforming Governance Through Technology• Form simplification, field reduction, online application, online

repository, • Integration of service platform - UIDAI, Payment Gateway, Mobile

Platform, Electronic Data Interchange (EDI)• Workflow Automation Inside Government• Public Grievance Redressal

9 PILLARS OF DIGITAL INDIA

155. E-Kranti: Electronic Delivery of Services• Education – connecting 250,000 schools by broadband, free wifi,

MOOCs• Healthcare - cover online medical consultation, online medical

records, online medicine supply, pan-India exchange for patient information

• Farmers - facilitate farmers to get real time price information, online ordering of inputs and online cash, loan and relief payment with mobile banking.

• Security - Mobile based emergency services and disaster related services

• Financial Inclusion - Mobile Banking, Micro-ATM program and CSCs/ Post Offices

• Justice - Interoperable Criminal Justice System shall be strengthened by leveraging e-Courts, e-Police, e-Jails and e-Prosecution.

• Planning - GIS based decision making for project planning, conceptualization, design and development

• Cyber Security - National Cyber Security Co-ordination Center would be set up to ensure safe and secure cyber-space within the country.

9 PILLARS OF DIGITAL INDIA

166. Information to All• Open Data platform and online hosting of information & documents

Engaging with government via MyGov.in platform• Online messaging to citizens through emails and SMSes for special

occasions

7. Electronics Manufacturing Targeting Net Zero Imports• Net Zero imports

8. IT for Jobs• Training - 1 Cr students for IT jobs over 5 years, 3 lakh service delivery

agents to run viable businesses delivering IT services and 5 lakh rural workforce in Telecom Service Providers (TSPs)

• BPOs - set up BPO in every north-eastern state to facilitate ICT

9. Early Harvest Programs• Biometric attendance• Wi-Fi in all universities• Secure Email within Government• Standardize Government Email Design• Public Wi-fi hotspots• SMS based weather information, disaster alerts• National Portal for Lost & Found children

IMPACT OF DIGITAL INDIA BY 2019

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• Broadband in 2.5 lakh villages, universal phone connectivity• Net Zero Imports by 2020• 400,000 Public Internet Access Points• Wi-fi in 2.5 lakh schools, all universities; Public wi-fihotspots for

citizens• Digital Inclusion: 1.7 Cr trained for IT, Telecom and Electronics Jobs• Job creation: Direct 1.7 Cr. and Indirect at least 8.5 Cr.• e-Governance & eServices: Across government• India to be leader in IT use in services –health, education, banking • Digitally empowered citizens –public cloud, internet access

STARTUP INDIA PLAN

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I see startups , technology and innovation as exciting and effective instruments for India's transformation --- Shri Narendra Modi

STARTUP INDIA PLAN

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• Start up Hub - single point contact for the entire Startup ecosystem and enable knowledge exchange and access to funding

• Hub and spoke model and collaborations• Assist startups through their lifecycle through feasibility, finance,

marketing, technology and management. • Organize MENTORSHIP PROGRAMS

Visit - http://dipp.nic.in/English/default.aspx

“A startup is an entity, private, partnership or limited liability partnership (LLP) firm that is headquartered in India, which was opened less than five years ago and have an annual turnover less than Rs25 crore”

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STARTUP INDIA PLAN

21 1. Self certification• to reduce the regulatory liabilities • apply to laws including payment of gratuity, labour contract,

provident fund management, water and air pollution acts.2. Start-up India hub • as a single contact point to help the entrepreneurs to exchange

knowledge and access financial aid.3. Register through app• online portal / mobile application - to facilitate ease in registration4. Patent protection• patent examination at lower costs • promote awareness and adoption of the Intellectual Property Rights

(IPRs) by the start-up foundations.5. Rs 10,000 crore fund• Initial corpus of Rs 2,500 crore and total corpus of Rs 10,000 crore

over four years, to support upcoming start-up enterprises. • Life Insurance Corporation of India will play a major role in developing

this corpus. 6. National Credit Guarantee Trust Company• conceptualized with a budget of Rs 500 crore per year for the next

four years to support the flow of funds to start-ups

STARTUP INDIA PLAN

22 7. No Capital Gains Tax• At present, investments by venture capital funds are exempt from the

Capital Gains Tax. The same policy is being implemented on primary-level investments in start-ups.

8. No Income Tax for three years9. Tax exemption for investments of higher value10. Building entrepreneurs• Annual incubator grand challenge to develop world class incubators.11. Atal Innovation Mission• to boost innovation and encourage talented youths.12. Setting up incubators• A private-public partnership model is being considered for 35 new

incubators and 31 innovation centres at national institutes.13. Research parks• plans to set up 7 new research parks, including 6 in IIT campus & 1 in

the IISc, with an investment of Rs 100 crore each14. Entrepreneurship in biotechnology• to establish 5 new biotech clusters, 50 new bio incubators, 150

technology transfer offices and 20 bio-connect offices15. Legal support• A panel of facilitators will provide legal support and assistance in

submitting patent applications and other official documents

STARTUP INDIA PLAN

2316. Rebate• 80% rebate of the total value on filing patent applications.17. Innovation focused programmes for students• Innovation core programs for students in 5 lakh schools18. Faster exit• If a start-up fails, the government will also assist the entrepreneurs to

find suitable solutions for their problems. If they fail again, the government will provide an easy way out.

19. Easy rules• Norms of public procurement and rules of trading have been

simplified for the start-ups.

Visit - http://dipp.nic.in/English/default.aspx

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THANK YOU