Make In India Policy

What is ‘Make in India’ program? The Make in India program is an initiative launched to encourage companies to increase manufacturing in India. This not only includes attracting overseas companies to set up shop in India, but also encouraging domestic companies to increase production within the country. Make in India aims at increasing the GDP… Read More

Tags: FDIforeign direct investmentMake in India PolicyManufacturing

Drugs (Prices Control) Order, 2013 – Prices of Essential Medicines

After the announcement of National Pharmaceuticals Pricing Policy 2012, Drugs (Prices Control) Order, 2013 (DPCO, 2013) was notified on 15.05.2013. As per the provisions of DPCO, 2013 all the existing manufacturers of scheduled formulations, selling the branded or generic or both the versions of scheduled formulations at a price higher than the ceiling price (plus… Read More

Tags: DPCOEssential medicinesGovernmentIMS-HealthManufacturingPriceRajya SabhaSite of Special Scientific Interest

High Level Meeting to Revive Manufacturing Sector

A meeting of the High Level Committee on Manufacturing (HLCM) was convened on 9th July, 2013 to discuss the strategy for boosting competitiveness and output in two sectors- textiles and steel- and for formulating a long term approach in three strategic industries-civilian aircraft manufacture, electric and hybrid vehicles and advanced materials and composites. Deliberations took… Read More

Tags: Civil AviationHigh Level CommitteeHybrid vehicleIndiaManmohan SinghManufacturingNational Military Command CenterNMCC

First Meeting of Manufacturing Industry Promotion Board

First Meeting of Manufacturing Industry Promotion Board; Reviews Progress of NMIZS, Capital Goods Sector  The Union Minister of Commerce and Industry Shri Anand Sharma today called for accelerating the implementation of National Manufacturing Policy (NMP) and noted with satisfaction the good progress made by some states in land acquisition for National Investment and Manufacturing Zones (NMIZ).… Read More

Tags: Anand SharmaAndhra PradeshDepartment of Industrial Policy & PromotionDepartment of Science & TechnologyIndiaManufacturingNational Manufacturing PolicyShri Sharma

PM Speak :: Manufacturing, Science & Technology critical for growth strategy

Following is the text of Prime Minister, Dr Manmohan Singh™s remarks at the meeting of the High Level Committee on Manufacturing, in New Delhi today: Today, we have discussed some important areas which are critical for the growth of manufacturing in our country and also for keeping our country at the frontiers of science &… Read More

Tags: Gross domestic productHybrid vehicleManmohan SinghManufacturingNew DelhiSecondary sector of the economySteelTextile

Section 194C TDS does not apply to contract manufacturing agreements

CIT vs. Silver Oak Laboratories P. Ltd (Supreme Court) CLR Editorial Notes: The assessee in this case related to Section 194C, is a manufacturer of pharmaceutical products. The assessee entered into various agreements with multiple manufacturers who manufactured items according to the specifications provided by the assessee. The Assessing Officer held that the transaction between… Read More

Tags: 201(1)201(1A)AppealHigh CourtIndiaManufacturingReebok India 306 ITR 124 (Del)Section 194CSupreme Court

FAQ on “Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2012”

1.   The Compulsory Registration order will be effective based on manufacturing date or import date? The order will come into forces on 03 July 2013 and would apply equally to goods manufactured locally or imported from foreign. 2.     What would be the status of goods already in stock and in the market? The products… Read More

Tags: BISCompulsory RegistrationCompulsory Registration OrderIndiaManufacturingOEMOriginal equipment manufacturerSafety Standards

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