Eco; Make In India.pptx

Topics to be covered

Make in India Scope for Indian SME (small and medium-sized enterprises)

What is Make in India • Make in India, basically is a type of Swadeshi movement covering 25 sectors of economy, was launched by the Government of India in 2014 to encourage companies to manufacture their products in India.

Make In India: Logo • The logo is a striding lion made of cogs, symbolizing strength, manufacturing and national pride.

WHERE ARE WE?

• One of the world's fastest-growing economies. • The tenth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).

On Independence Day 2014 • Our Prime Minister, invited global companies to come and set up their factories and such in India. • His main aim: To make India break into the top 50 in the World Bank’s ease of business index

Major Objectives • The major objective : focus upon the heavy industries and public enterprises while generating employment in India. • To facilitate – Investment – Foster innovation – Enhance skills development – Protect intellectual property – To built best-in-class manufacturing infrastructure

MAKE IN INDIA

KEY POLICIES

1. EASE OF BUSINESS 2. SKILL AND JOBS FOR THE YOUTH 3. MAKING INDIA A MANUFACTURER 4. GETTING AWAY WITH ARCHAIC LAWS 5. 100 SMART CITIES 6. DISINVESTMENT OF PSU

SECTORS IN FOCUS AUTOMOBILES

FOOD PROCESSING

RENEWABLE ENERGY

AUTOMOBILE COMPONENTS

IT AND BPM

ROADS AND HIGHWAYS

AVIATION

LEATHER

SPACE

BIOTECHNOLOGY

MEDIA AND ENTERTAINMENT

TEXTILES AND GARMENTS

CHEMICALS

MINING

THERMAL POWER

CONSTRUCTION

OIL AND GAS

TOURISM AND HOSPITALITY

DEFENCE MANUFACTURING

PHARMACEUTICALS

WELLNESS

ELECTRICAL MACHINERY

PORTS

ELECTRONIC SYSTEMS

RAILWAYS

Focus on different sectors

• The focus of “make in India” program is on creating jobs and skill enhancement in 25 sectors. • Those 25 sectors are....

MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT (MSMED) ACT, 2006

The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006 to address policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector. It provides the first-ever legal framework for recognition of the concept of “enterprise”. It addressed policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector.

Ceilings on investment for enterprises to be classified as Micro, Small and Medium Enterprises MANUFACTURING SECTOR: ENTERPRISES

INVESTMENT IN PLANT & MACHINERY

Micro Enterprises

Does not exceed twenty five lakh rupees

Small Enterprises

More than twenty five lakh rupees but does not exceed five crore rupees

Medium Enterprises

More than five crore rupees but does not exceed ten crore rupees

SERVICE SECTOR: ENTERPRISES

INVESTMENT IN EQUIPMENT’S

Micro Enterprises

Does not exceed ten lakh rupees:

Small Enterprises

More than ten lakh rupees but does not exceed two crore rupees

Medium Enterprises

More than two crore rupees but does not exceed five core rupees

SALIENT FETAURES 1. Instant decision making  No notes, no papers, no consultation  Instincts 2. Personal Knowledge

3. Personal first hand information 4. No time clock for work (0 HRS to 24 HRS ) 5. Often times –more often than not – everyone in the family is a contributor to business 6. Negligible labor problems: interpersonal relationship between the owners and the employees is intimate

WHAT ARE THE MAIN FACTORS OF THE SME’s?

• • • • •

Technology and Skill innovation Employment Generation Entrepreneurial and sector development Foreign export Trade promotions

PROBLEMS FACED BY SME’s: • • • • • • • •

Financial planning Low production capacity Limited knowledge/ lack of skill labor Ineffective marketing Credit policy Identification of new market Non adoptability of new technology Continuous modernization

WHY INDIAN SME’S ARE FACING PROBLEM? •Indian SME’s doesn’t get support from•Government Departments •Banking Sectors •Financial institutions •Corporate sectors

My Opinion