There are 13 PLI schemes worth Rs 1.97 lakh crore to promote local manufacturing
IT hardware is estimated to have a production value of 3 lakh crore rupees in four years
The government is planning to ease business at both the state and central levels. Government can remove such 6 thousand Compliance. These are processes that no longer have much meaning.
Government wants to ease business
Prime Minister Narendra Modi said that the government wants to ease business. So it is eliminating such things (needs of compliance). He said that we are taking it seriously. The imperative of filling in countless forms has to be eliminated. Modi was addressing a webinar on the Production Linked Incentive (PLI) scheme related to production. He said that the suggestion of industry people is important in this matter.
The effort started last year only
The Department for Promotion of Industry and Internal Trade (DPIIT) secretary Guruprasad Mohapatra said last year that the Center has started identifying wasteful rules in state and central laws. These are the rules that are not needed for companies operating in India. It can be removed. Can be removed to reduce.
Marriet's CEO gave the idea
Mahapatra said the idea came up during Modi's meeting with Arne Sorenson, president and chief executive of Marriott International. He had complained about the complex rules in starting and running a hotel in India. Cited a study by the National Restaurants Association of India (NRAI). He said that to get a license from Delhi Police to open a restaurant, 45 types of documents are required. At least 12 documents have to be collected for new weapon licenses (19) and for fireworks licenses.
Most firms are struggling with governance framework
The survey noted that a major challenge facing most firms is the complexity of the governance framework. It contains a lot of old laws. Modi said that in the case of PLI, the government is also looking at the rules of those countries which have been successful in accelerating the growth by promoting manufacturing. He said that manufacturing firms should make India their base. The number and strength of our domestic industry, our small and medium enterprises (MSMEs) should expand more and more.
520 billion production target
The government has set a target of producing about $ 520 billion in India in the next 5 years. With this, 13 PLI schemes worth Rs 1.97 lakh crore have been announced to promote local manufacturing. Modi said that IT hardware is expected to achieve a production value of 3 lakh crore rupees in four years. There will be an increase of Rs 2.5 lakh crore in telecom gear manufacturing. We should be able to export goods worth 2 lakh crore rupees from it.
No comments:
Post a Comment