The Make in India program includes major new initiatives by Govt of India designed to facilitate investment, foster innovation, protect intellectual property, and build best-in-class manufacturing infrastructure.
Doing business in India has got much easier – new de-licensing and deregulation measures are reducing complexity, and significantly increasing speed and transparency. Some of the new processes are as follows:
» 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 eBiz – 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.
» A 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.
Most importantly, the Make in India program represents an attitudinal shift in how India relates to investors: not as a permit-issuing authority, but as a true business partner.