DEPARTMENT OF INDUSTRIAL POLICY & PROMOTIONS
(April 2016-July 2016)
MAJOR EVENTS, MEETINGS, SEMINARS etc.
(1) START UP INDIA- The Department of Industrial Policy and Promotion (DIPP) organised a day-long Startup India States’ Conference on 23rd July, 2016 in New Delhi which was inaugurated and presided over by the Hon‟ble Minister of State (I/c) for Commerce and Industries, Ms. Nirmala Sitharaman. The aim was to provide a platform for States to discuss the progress made on the action points of Startup India initiative and to interact with other stakeholders of the ecosystem. Five States namely Gujarat, Karnataka, Kerala, Telangana and Rajasthan shared their experiences in policy making, implementing reforms, providing incentives and setting up institutions to help startups thrive. In the Panel discussion with Startup founders in the light of their experiences, it was emphasised that though startups are driven by an idea they need to develop the flexibility to make course corrections. In the session with Incubators the need to include a course on entrepreneurship to inculcate the spirit among youth of country and the key role that incubators in educational institution play was highlighted; the missing links and hurdles in selection of right mentors was also discussed. Discussions with Investors brought out the need for startups to understand the importance of accountability, break-even and sustainability was emphasised. It was ascertained that the Department is keen in working together with the ecosystem partners and to ensure that startups get the required support and handholding to grow and prosper. (2) MAKE IN INDIA- A seminar on „Make in India‟ was organized by Embassy of India, Cairo, Egypt with support of Invest India on 27th April, 2016 at Cairo with an objective to increase awareness of the „Make in India‟ initiatives, provide updates on Government policies to promote India as business and investment destination among the potential Egyptian investors. Among the 25 identified high priority sectors,
(2) MAKE IN INDIA- A seminar on „Make in India‟ was organized by Embassy of India, Cairo, Egypt with support of Invest India on 27th April, 2016 at Cairo with an objective to increase awareness of the „Make in India‟ initiatives, provide updates on Government policies to promote India as business and investment destination among the potential Egyptian investors. Among the 25 identified high priority sectors, focus was given in the presentation on Automobile, Infrastructure, Pharmaceuticals, Chemicals, IT & BPM, Food Processing, Tourism, Renewal Energy, Textile and Garments. Representatives from prominent, Federation of Egyptian industries, Egyptian Business Association, senior officials from General Authority for Investment and Free Zones (GAFI), officials from Chambers of Commerce attended the event.
Secretary DIPP reviewed the progress on achievement of milestones, both short term and long term, of „Make in India‟ Action Plan of 24 Sectors. Officials of the concerned Departments and Industry representatives participated in these review meetings. Industry representatives provided detailed feedback on Industry‟s perspective on achievements of „Make in India‟ milestones and gave suggestions for further action. The Ministries/Departments have been requested to expedite action on milestone for their timely completion.
(3) NATIONAL MANUFCTORING POLICY-
4 th meeting of Green Manufacturing Advisory Committee (GMAC) constituted under National Manufacturing Policy (NMP) was held on 22nd April, 2016 for considering the proposal under Technology Acquisition and Development Fund (TADF) Scheme. A total number of 7 proposals (for Cycle-II), under the categories of acquisition technology, clean technology in manufacturing and solid waste management, were considered and approved by the GMAC under the Scheme. These efforts will foster innovation in Green Technology. 4
4 th meeting of High Level Committee (HLC) constituted under the National Manufacturing Policy held on 13rd May, 2016 for considering the final approval of National Investment & Manufacturing Zones (NIMZs) at Kalinganagar, Jajpur district in Odisha. The NIMZ at Kalinganagar, Jajpur district in Odisha was approved by the Government. 3 rd meeting of Panel of Experts (PoE) for evaluation of 44(Fourth Four) proposals, submitted by the applicants for Cycle-3, under Technology Acquisition and Development Fund (TADF) Scheme held in July, 2016. Out of these 44 proposals, PoE has recommended for 30 proposals under the categories of direct/indirect technology acquisition; manufacturing
3 rd meeting of Panel of Experts (PoE) for evaluation of 44(Fourth Four) proposals, submitted by the applicants for Cycle-3, under Technology Acquisition and Development Fund (TADF) Scheme held in July, 2016. Out of these 44 proposals, PoE has recommended for 30 proposals under the categories of direct/indirect technology acquisition; manufacturing equipments/technology; and water management. These proposals will now be considered by the GMAC for final approval under the TADF Scheme.
MAJOR ACHIEVEMENTS/SIGNIFICANT DEVELOPMENTS
(1) LAUNCH OF IPR POLICY-The Union Cabinet on 12th May, 2016, approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India. The Policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all. For details visit http://dipp.gov.in/English/Schemes/Intellectual_Property_Rights/National_IPR_Policy_08.08.2016.pdf.
(2) FOREIGN DIRECT INVESTMENT (FDI) – Consolidated FDI Policy Circular of 2016’ the ninth edition of the series was released on 7th June, 2016. This edition incorporates all FDI policy amendments carried out since the release of last FDI Circular i.e. since May 12, 2015. FDI Policy Circular, 2016 has been made simpler and investor friendly; and will serve as a ready reference for foreign investors on various provisions of the FDI policy. For details visit http://dipp.nic.in/English/Policies/FDI_Circular_2016.pdf DIPP issued Press Note 5 (2016 Series), on 24th June, 2016, giving effect to FDI policy reforms announced on 20th June, 2016. The policy amendments became effective from the date of release of the press note. The major highlights of the newly announced policy are as follows:-
100% FDI permitted under government approval route for trading, including through ecommerce, in respect of food products manufactured and/or produced in India In Defence, FDI beyond 49% permitted through government approval route, in cases resulting in access to modern technology in the country or for other reasons to be recorded
FDI limit for defence made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959
100% FDI under automatic route allowed in Broadcasting Carriage Services
74% FDI under automatic route permitted in brownfield pharmaceuticals
FDI beyond 74% under government approval in brownfield pharmaceuticals
100% FDI under automatic route permitted in Brownfield Airport projects
FDI limit for Scheduled Air Transport Service/ Domestic Scheduled Passenger Airline and Regional Air Transport Service raised to 100%
FDI up to 49% under automatic route and FDI beyond 49% through Government approval in Air Transport Service/ Domestic Scheduled Passenger Airline and Regional Air Transport Service