Mumbai metro project: Departments get PMO stick for Made in India hurdles - The Economic Times
Any tender which is not sensitive to 'Make in India' message of bid terms at a recent meeting of the Standing Committee for Implementation of. questions about efficiency in Indian companies and their ability to meet timelines. Modi's flagship 'Make in India' initiative aims to lift the share of It will link Mumbai with Ahmedabad, the largest commercial city in Modi's. While you have decided to Make in India or Transfer your Technology/Brand to an Indian Manufacturer/ Partner, It is extremely important that.
The programme will try to explore new areas of collaboration, including leveraging the expertise of Swedish incubators through training of Indian incubators. Besides, a joint India-Sweden challenge for collaboration between startups of both nations also features on the agenda.
Karnataka has also become the first state to approve the Electric Vehicle and Energy Storage Policy to promote research and development in electric mobility.
Similarly, Maharashtra has launched pilot projects for public transportation in Nagpur, which includes hybrid and biogas-based transformation systems. Furthermore, the session also witnessed the Swedish side emphasise on the implementation of parameters such as life-cycle costs for procurement of various services for Smart Cities.
Lastly, Swedish stakeholders highlighted a possible rise in electrical energy requirements for sustainable development, since the estimated energy requirement would increase three-fold in the next decade. Representatives from leading companies such as Bharat Forge, ABB and SKF identified that the market size for capital goods would be around USD billion in lieu of the targeted infrastructure, industrial and economic development.
Healthcare Roundtable During the Roundtable, key areas of collaboration including public healthcare systems, digital health and innovation with a focus on investment opportunities in pharmaceuticals and medical devices was discussed.
Furthermore, the Indian side also discussed how India and Sweden can partner, especially with respect to access to services even in the most remote parts of India. This would entail massive overhaul in ICT systems, including remote consultations and quick evacuation in case of emergency.
Departments get PMO stick for Made in India hurdles
The new Policy is designed to facilitate Ease of Doing Business, thereby ensuring credibility with potential investors. Besides, sessions on Healthcare and Industrial Goods were also held. The Make in India: Sweden reiterated the commitment to further strengthening the Indo-Swedish economic partnership and exploring new avenues of collaboration. Sweden has for long been making in India and has created employment opportunities directly and indirectly for approximately 1.
So, that does not worry me at all. Let automation happen, but it is not happening at the cost of workers. Experts say India cannot boost its manufacturing without being part of a global value chain.
What are the efforts being made towards that direction?Clash Of Clans india! Mumbai Meet-up INDIAN SUPERCELL(Hindi)Sam1735
I agree on that aspect and we are working to make sure that linkages as a part of global value chain, which have to be made by Indian manufacturer, is being made. We have opened up a lot of sectors in such a way that the global value chain idea is not lost. Those who are in manufacturing have to see how their focus will have to be for linking with the global value chain.
Government can only be a facilitator. We will certainly do that.
We will certainly do that- Nirmala Sitharaman, minister for commerce and industry Many claim that by focusing excessively on manufacturing, the government may be neglecting the services sector where India has a natural advantage. In fact, I have just been asked the opposite—that we are over-emphasizing on services and ignoring manufacturing. So, there has to be focus on product manufacturing both for India and for exports, otherwise we will not be able to meet the target set by the manufacturing policy.
One example often cited is your policy towards the retail sector where many claim the current foreign direct investment FDI policy hinders growth of the sector by limiting its potential for job creation. Is there a rethink on the FDI policy in retail? Retail sector already provides a lot of jobs and that is one of the reasons why in order to understand how that will be affected if you open the windows without even preparing that sector, we took a decision that multi-brand retail should be kept aside from FDI reforms.
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Is there any thought of changing that policy? At the moment, there is not any.
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If there is any, I will let you know. In e-commerce also, the same issue is raised that because the FDI policy is not clear, it fails to create large-scale jobs.
I am not sure it is the case. E-commerce is already happening in the country We are talking about definitional issues. You recently said India may require to undertake structural reforms like it did in the early s to respond to the Trans-Pacific Partnership TPP. What are these reforms we would need? The question about the value chains you raised is a very important thing and a lot of activity needs to happen on that front.
Second, you have to beat the rules of origin argument. We will now need to see whether we can establish manufacturing facilities in areas where we have a global recognition in countries which are part of the TPP. So, sectors who otherwise think they may lose out their market because of TPP can now hopefully set up units in such countries and manufacture so that they can gain from the rules of origin restrictions.
Third, all said and done, we have to work on standards. So, standards are very demanding, but necessary work. You have said at the Partnership Summit in Visakhapatnam that India will renegotiate some of the free trade agreements FTAs to address the concerns of the industry. How exactly will you do this, given the complications involved?
Well, I am not going to start renegotiating them now; there is always a time for it.