Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Makeinindia-by Rohan Marthak
1. Rohan Marthak
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
2. MAKE IN INDIA
Campaign launched
by
Prime Minister of India
SHRI NARENDRA MODI
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
3. OBJECTIVE
• Make India a manufacturing hub
• Generating employment
HIGHLIGHTS
• Eliminating the unnecessary laws and regulations
• Time-bound project clearances through a single online portal
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
4. • Automobiles
• Automobile
Components
• Aviation
• Biotechnology
• Chemical
• Construction
• Defence
Manufacturing
• Electrical Machinery
• Food Processing
• Electronic Systems
• IT and BPM
• Leather
• Media and
Entertainment
• Mining
• Oil and Gas
• Pharmaceuticals
• Ports
• Railways
• Renewable Energy
• Roads and Highways
• Space
• Textile Garments
• Thermal Power
• Tourism and
Hospitality
• Wellness
SECTORS
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
5. EIGHT MAJOR REFORMS
(1) Starting a business (Rank 179)
• Reduce time taken for registration from 27 days to 1 day
• Integrate DIN, name availability and payment of registration fees and
stamp duty.
• Remove provisions related to company seal, minimum paid-up capital
• Single registration for all labour reforms
• Introduce unique company ID
(2) Dealing with construction permits (Rank 182)
• 35 procedures takes around 168 days
• Remove overlapping, contracting laws, consolidate and streamline
building laws at national and state level & make it one stop process.
(3) Getting electricity (Rank 111)
• 67 days and 7 procedures to get electricity connection –
reduce it to 1 procedure and approval within a week
• Issue required pollution control certificates in a day.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
6. EIGHT MAJOR REFORMS
(4) Registering property (Rank 92)
• 5 process requires around 30 days
• Take process online with online payment facility
(5) Paying Taxes (Rank 158)
• Annually, 33 tax payments and approx 243 hours spent in filing taxes
• Reduce number of taxes, simplify tax processes and allow online payment
• Simplification of VAT refund and advance ruling of tax for state level taxes
on the lines of Income tax Act
(6) Enforcing Contract (Rank 186)
• The trial and judgement –3 years; enforcing a judgement -305 days
• Specialized fast track commercial courts with time bound decision with a proposed
limit of 60 days
• Provisions for not more than one adjournment for each party and make
it enforceable
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
7. EIGHT MAJOR REFORMS
(7) Trading across borders (Rank 132)
• For export –9 documents, takes 16 days & cost $1,170
• For Import –11 documents, takes 29 days & cost $1,250
• Reduce to 3 documents -bill of trading, commercial invoice and
custom declaration
• Allowing electronic submission & only risk-based inspections
(8) Resolving insolvency (Rank 121)
• 4 laws -Company's Act, Sick Industrial Companies Act, SARFAESI Act
and RDB Act
• Introduce -Single bankruptcy law
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
8. AUTOMOBILES
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
9. AUTOMOBILE
• 2.15 million vehicles produced by 2013-2014
Reason to invest
• 7% of the country’s GDP by volume
• By 2016, India is expected to be the fourth largest automotive market by
volume in the world.
Growth Driver
• Two-wheelers and four-wheelers are projected to expand at a CAGR of
9% between 2015-20.
Sector Policy
• Automatic approval for foreign equity investment up to 100% with no
minimum investment criteria.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
10. AUTOMOBILE COMPONENTS
Reason to invest
• 4th largest steel producer in the world
• 2nd largest steel producer by 2016(Targeted)
Growth driver
• Geographically, it is closer to key automotive markets like the ASEAN,
Japan, Korea & Europe
Sector policy
• Increased investments in R&D operations and laboratories, conduct
activities such as analysis, simulation and engineering animations.
• Establishment of automotive training institutes and auto design Centre's,
special auto parks and virtual SEZs for auto components.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
11. OIL & GAS
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
12. OIL & GAS
Reason to invest
• 4th largest consumer of crude oil and petroleum products in the
world.
• 2nd largest refiner in Asia.
Growth driver
• New Exploration Licensing Policy and the Coal Bed Methane
Policy have been put in place to encourage investments
• Oil imports constitute over 80% of India’s total domestic oil
consumptions of May, 2014.
Sector policy
• The government has decided to set up strategic storage of 5.03
MMT of crude oil at 3 locations – Visakhapatnam, Mangalore and
Padur.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
14. TEXTILE INDUSTRY
Contribution to GDP – 4% & employs over 40 million people
Reason to invest
• Second largest manufacturing capacity globally.
• Availability of abundant raw material and comparative advantage of –
skilled manpower and low cost of production
Sector policy
• Specified goods imported for use in the manufacture of textile garments
for export are fully exempt from (BCD) and (CVD)
• Additional Depreciation under Income tax Act, 1961
Depreciation @ 15% of cost of new P&M to companies investing
more than INR 1 billion in plant & machinery acquired and
installed between 01.04.2013 to 31.03.2015.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
15. IT & BPM
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
16. IT & BPM
USD 125 Billion – expected 2015 revenues.
Reason to invest
• The IT-BPM sector constitutes 8.1% of GDP and contributes
significantly to public welfare.
Growth driver
• The sector includes 600 Offshore Development Centers (ODCs) of
• 78 countries.
Sector policy
• National Policy on Information Technology aims to increase revenues of
IT industry to USD 300 Billion by 2020 and expand exports to USD 200
Billion by 2020.
• Allocation of INR 5 Billion for launching a pan-India programme –
Digital India and a national rural internet and technology mission for
services in villages and schools.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
18. TOURISM & HOSPITALITY
Reason to invest
• Contribution to GDP- 6.8% & third largest sector foreign exchange earner.
Growth driver
• Initiatives like - Incredible India! and AthitiDevoBhava
• Visa on Arrival facility -influences tourists’ travel plans to any country.
• One of the fastest growing economy and boosting corporate sector.
Sector policy
• Exemption on sale/lease of land, concessional interest on loan.
• Under section 35A - 100% deduction in respect of the whole
or any expenditure of a capital nature excluding land, goodwill and
financial instruments incurred during the year.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
19. LIVE PROJECTS
The project is featured in KPMG’s ‘100 Most Innovative
Global Projects.
Delhi-Mumbai Industrial Corridor (DMIC) and it utilize the 1,483
km-long, high-capacity western Dedicated Railway Freight
Corridor (DFC) as the backbone.
Twenty four manufacturing cities are to be developed in the
plan of the DMIC project
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
20. FIRST PHASE
In the first phase, seven cities are being developed.
Uttar Pradesh
Haryana
Rajasthan
Madhya Pradesh
Gujarat
Two in Maharashtra.
The Phase I is initially is to be completed by 2019.
DMIC states (Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh,
Gujarat & Maharashtra) contribute 43% to the country’s GDP.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
21. SECTORS FOCUSED
General Manufacturing
Electronics
Automobile
Metals and metallurgical products
Pharmaceuticals and Biotech
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
22. SECTORS FOCUSED
Food Processing
Agro
Heavy Engineering
Information Technology
Services sector
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
24. DMIC IMPACT IN INDIA
The DMIC project seeks to create a strong economic base .
New DMIC Cities will help to meet pressures of urbanization.
The project aspires to
double employment potential,
triple industrial output and
quadruple exports
in the next 7 to 9 years.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
25. NEW INITIATIVES
• Process of applying for Industrial License & Industrial Entrepreneur
Memorandum made online on 24×7 basis through e-Biz portal.
• Validity of Industrial license extended to three years.
• Services of all Central Govt. Departments & Ministries will be integrated
with the e-Biz – a single window platform for services by March 2015.
• Process of obtaining environmental clearances made online.
• All returns should be filed online through a pre-specified form.
• Liberalizing of FDI policy for various sectors to attract investments.
• Various Tax deductions for operating in the manufacturing & services
sectors.
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
26. THANK YOU
A L L R I G H T S R E S E R V E D @ C O P Y R I G H T
