Make in India
Progressing Towards an interdependent, yet ‘Self-reliant Nation’
September 20, 2023
 

India is progressing towards becoming the manufacturing hub of the world. To support these goals of the nation, the government has introduced the Make in India initiative.

Why Make in India?

  1. The initiative seeks to boost the manufacturing sector of the country.

  2. Enables the development of linked ecosystems to support the growth of the economy.

  3. Potential for strengthening the domestic manufacturing capabilities to cater to global demands.

  4. Enables access of manufacturers to production linked incentives and government procurement processes.

  5. Provides a platform for foreign entities for doing business in India.

The initiative recognizes the interplay of globalization and manufacturing in encouraging and supporting the growth of various manufacturing and service sectors. An important step taken by the government is the introduction of the production linked incentive schemes in each sector to encourage domestic manufacturing through fiscal and non-fiscal incentives.

With the adoption of the initiative and various sector specific policies and schemes introduced to cater to the unique requirements, India is steadily progressing towards its goal of becoming the manufacturing hub to cater to the domestic as well as global demand. In this research paper we discuss the impact of the initiative on the manufacturing sector, policy reforms and complementary schemes adopted to support the implementation of the initiative, development of linked eco-systems, mechanism for setting up businesses in India, discussion on some key sectors and the adoption of the initiative in such sectors. Our research paper on Doing Business in India discusses the tax considerations for entities to enter Indian markets. We have also identified certain challenges faced by the industry in implementing the initiative with our inputs on the way forward for the industry.

Please click here to access our paper.

Warm regards,

- Tanya Kukade, Darren Punnen and Dr. Milind Antani

 

For any help or assistance, please email us on concierge@nishithdesai.com.

Do visit us at www.nishithdesai.com.

 

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Make in India

Progressing Towards an interdependent, yet ‘Self-reliant Nation’

September 20, 2023

 

 

India is progressing towards becoming the manufacturing hub of the world. To support these goals of the nation, the government has introduced the Make in India initiative.

Why Make in India?

  1. The initiative seeks to boost the manufacturing sector of the country.

  2. Enables the development of linked ecosystems to support the growth of the economy.

  3. Potential for strengthening the domestic manufacturing capabilities to cater to global demands.

  4. Enables access of manufacturers to production linked incentives and government procurement processes.

  5. Provides a platform for foreign entities for doing business in India.

The initiative recognizes the interplay of globalization and manufacturing in encouraging and supporting the growth of various manufacturing and service sectors. An important step taken by the government is the introduction of the production linked incentive schemes in each sector to encourage domestic manufacturing through fiscal and non-fiscal incentives.

With the adoption of the initiative and various sector specific policies and schemes introduced to cater to the unique requirements, India is steadily progressing towards its goal of becoming the manufacturing hub to cater to the domestic as well as global demand. In this research paper we discuss the impact of the initiative on the manufacturing sector, policy reforms and complementary schemes adopted to support the implementation of the initiative, development of linked eco-systems, mechanism for setting up businesses in India, discussion on some key sectors and the adoption of the initiative in such sectors. Our research paper on Doing Business in India discusses the tax considerations for entities to enter Indian markets. We have also identified certain challenges faced by the industry in implementing the initiative with our inputs on the way forward for the industry.

Please click here to access our paper.

Warm regards,

- Tanya Kukade, Darren Punnen and Dr. Milind Antani

 

For any help or assistance, please email us on concierge@nishithdesai.com.

Do visit us at www.nishithdesai.com.

 

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Disclaimer

The contents of this Publication should not be construed as legal opinion. View detailed disclaimer.

This Publication provides general information existing at the time of preparation. The Publication is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Publication. It is recommended that professional advice be taken based on the specific facts and circumstances. This Publication does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.
 
 

 

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