Make in India: Government takes initiatives to simplify doing business in India

Modi
Image source: digitalindiainsight.com

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By  NewsGram Staff Writer

The Central government has announced a national manufacturing policy to enhance the share of manufacturing in GDP to 25% paving the way for 100 million jobs in the coming years.  Nirmala Sitharaman informed that the Government has taken a number of important steps to gear up the manufacturing sector.

An investor facilitation cell has been created to make the investment process easy and accessible for  investors. Make in India’s web-portal will be used for the dissemination of information on twenty five sectors along with details of FDI policy, National Manufacturing Policy, Intellectual Property Rights, Delhi-Mumbai Industrial Corridor and other National Industrial Corridors.

Fourteen  services cutting across Department of Industrial Policy and Promotion, Employee’s State Insurance Corporation (ESIC), Employees’ Provident Fund Organisation (EPFO), Central Board of Direct Taxes (CBDT), Reserve bank of India and Department of Corporate Affairs have been integrated with the eBiz portal to improve ease of doing business in India.  For trading across borders the requirement of forms has been brought down to three. The process of registration with Employees’ Provident Fund Organisation and Employees’ State Insurance Corporation has been made on line and real-time.

A unified portal for registration of units for LIN, reporting of inspection, submission of returns and grievance redressal has been launched by the Ministry of Labour & Employment.  The Department of Industrial Policy & Promotion has advised Ministries and State Governments to simplify and rationalize the regulatory environment through business process reengineering and use of information technology.

A large number of components of Defence Products’ list have been excluded from the purview of Industrial Licensing. Dual use items, having military as well as civilian applications (unless classifieds as defence items) have been excluded from requirement of Industrial Licence from Defence angle.

The application process for Industrial Licence and Industrial Entrepreneur’s Memorandum has been made easy by simplifying the form and making the processes online 24×7. The validity period of Industrial Licence and security clearance from Ministry of Home Affairs has been increased. The process of registration with Employees’ Provident Fund Organisation and Employees’ State Insurance Corporation has been made on line and real-time.

The process of obtaining environment and forest clearances has been made online. Partial commencement of production is being treated as commencement of production of all the items included in the licence.