Tag Archives: “Make in India”

NEWS this week: From Prime Minister’s Office

Massive Make in India success with the inauguration of the world’s largest mobile manufacturing unit in Noida

 

Massive Make in India success with the inauguration of the world’s largest mobile manufacturing unit in Noida

 

Prime Minister Narendra Modi and President of the Republic of Korea, Moon Jae-in, jointly inaugurated a mobile manufacturing facility of Samsung India, at Noida. PM Modi also noted that India now ranks second, globally, in the manufacture of mobile phones, with the number of mobile phone manufacturing factories rising from just 2 in 2014 to 120 in 2018, creating lakhs of jobs.

 

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All our efforts are aimed at building a New India: PM Modi in Jaipur

 

Prime Minister Narendra Modi laid foundation stone for 13 infrastructure projects in Rajasthan. At the event, PM Modi highlighted how multiple initiatives of the Centre were ushering in a positive difference in the lives of people of the state.

 

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‘India First’ instead of politics first: PM Narendra Modi

 

In an interview to Swarajya, Prime Minister Narendra Modi talked in detail about the reforms undertaken by the government. He addressed range of issues, from privatisation of public sector units (PSUs), the efforts to put Indian banking back on the rails, farmer welfare and so on.

 

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Farmers’ income receives a boost with 1.5 times increase in MSP for kharif crops

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19. The PM, while congratulating Indian farmers, reiterated his government’s commitment towards farmer welfare.

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Self-reliance in Defence Hardware Sector is India’s top priority

Newsroom24x7 Staff

New Delhi: Under the new Defence Procurement Procedure (DPP), 2016 promulgated by the Government and brought into effect from 1 April, 2016, a new category of procurement ‘Buy Indian Indigenously Designed, Developed and Manufactured’ has been accorded the top–most priority for procurement of Capital equipment.

Under the new Defence Procurement Procedure reference has been accorded to ‘Buy (Indian) and ‘Buy & Make (Indian)’ categories of capital acquisition over ‘Buy (Global)’ and ‘Buy & Make (Global)’ categories.

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The Defence Procurement procedures has been reformed by the Government to encourage indigenization and self-reliance in defence. Under the ‘Make in India’ initiative, Government has taken following initiatives:

The ‘Make’ Procedure has been simplified with provisions for funding of 90% of development cost by the Government to Indian industry and reserving projects not exceeding development cost of Rs. 10 Crore (Government funded) and Rs. 3 Crore (Industry funded) for MSMEs.

Foreign Direct Investment (FDI) Policy also has been revised and FDI up to 49% is allowed through automatic route and beyond 49% under Government approval route wherever it is likely to result in access to modern technology or for other reasons to be recorded.

Indian licensing regime for Indian manufacturers has been liberalized and most of the components, parts and sub-systems have been taken out from the list of Defence products requiring industrial license which has resulted in reduction in the entry barriers for new entrants in this sector particularly SMEs.

The initial validity of industrial license has been increased from 3 years to 15 years with a provision to further extend it by 3 years on a case to case basis.

Issues related to level playing field between Indian and foreign manufacturers and between Public sector and Private sector have also been addressed. These include Exchange Rate Variation (ERV) protection for Indian vendors.

Under the new procurement regimem the offset guidelines have been made flexible by allowing change of Indian Offset Partners (IOPs) and Offset components even in signed contracts. Foreign Original Equipment Manufacturers (OEMs) are now not required to indicate the details of IOPs and products at the time of signing of contracts. ‘Services’ as an avenue of offset have been re-instated.

In Hindustan Aeronotics Limited (HAL), an R&D Corpus of 10% of the operational profit after tax is earmarked for R&D activities both in-house and with private vendors.

Strategic partnership model has been formulated by the Government in May, 2017 to focus on substitution of imported spares, ensure greater self-reliance and dependability of supplies, essential to meet national security objectives.

Certain components of some of the defence equipment of Russian origin have been identified and published on the web for identifying Indian private sector companies for indigenous manufacture under Joint Venture and Transfer of Technology agreements with Russian OEMs.

Hindustan Aeronautics Limited (HAL) is manufacturing Sukhoi-30 MKI, Hawk, and Dornier 228 (DO 228) aircraft under License from foreign Original Equipment Manufacturers (OEMs) for which Technologies have been fully absorbed to the extent of Transfer of Technology (ToT) contracts.

Light Combat Aircraft “TEJAS” and Advanced Light Helicopter (ALH) Dhruv are indigenously designed & developed.

Indigenization of components is a continuous process involving development and qualification. New technologies especially, advanced avionics, advanced mechanical systems, structured design capabilities;

several world class high value ground test rigs have been established and HAL has also involved private industries to supply airborne items, aircraft/helicopter sub-assemblies and assemblies which can directly fit on aircraft/helicopter.

The present status of indigenization of the major platforms manufactured by HAL:

S. No. Platform Present %age of indigenization content (By number of parts)

 

1. Sukhoi-30 MKI 75%
2. Hawk 72%
3. LCA 75%
4. ALH 75%
5. DO-228 74%

The expenditure on purchase of defence equipment for the three services during the last two years from the foreign vendors and Indian vendors is as follows :-

Capital and Revenue expenditure (Rs. in crore):

Year Total procurement Procurement from

Foreign Vendors

 

Procurement

from Indian Vendors

2015-16 76178.80 34.38% 65.62%
2016-17 84260.98 36.19% 63.18%

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This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to  Jose K. Mani in Lok Sabha today.

Investment from Germany for the “Make in India” initiative is rising: Narendra Modi

Newsroom24x7 Network

Prime Minister Narendra Modi and German Chancellor Dr. Angela Merkel witnessing the signing of MoUs/JDIs between India and Germany, in Berlin, Germany on May 30, 2017.

Berlin: Indian Prime Minister Narendra Modi today said here that foreign investment from Germany to India is rising, especially for the “Make in India” initiative and the German partnership is important for the “Skill India Mission” as German parameters being “global benchmarks” are crucial for India.

Narendra Modi and German Chancellor Angela Merkel today co-chaired the 4th India Germany Inter-Govermental Consultations in Berlin.

On this occasion, the Indian Prime Minister said that cooperation is also envisaged in the sports arena, particularly in football. Outcome oriented momentum is perceptible in relations between the two countries, he added.

Addressing the media after the meeting, Prime Minister Modi appreciated Chancellor Merkel’s vision for Europe and for the world.

The Prime Minister spoke of themes such as climate protection and smart cities, which came up for discussion. He said German innovation and Indian youth could together add great dynamism in the start-up space.

The Prime Minister said a global order based on democracy is the need of the hour, in an interconnected and interdependent world.

Responding to a question, he said Germany and India are “made for each other.” He explained the huge synergy that exists between German capabilities and Indian requirements. He spoke of India’s pursuit of excellence in areas such as engineering, infrastructure and skill development. Describing the values of innovation and democracy, as a blessing for mankind, he said India and Germany share these values.

In response to a question on climate change, the Prime Minister reiterated India’s timeless values of nurturing and protecting nature. He recalled India’s commitment to generate 175 GigaWatts of energy from renewable sources by 2022. Emphasizing the importance of protecting nature, the Prime Minister said “playing with the well-being of future generations would be an immoral and criminal act.”

Earlier, during the IGC, Prime Minister Modi emphasized the big role that the European Union has to play in nurturing a rule-based global order. Both leaders shared deep concern over the global menace of terrorism, and decided to strengthen mutual counter-terrorism initiatives.

The Prime Minister thanked Germany for support of Indian membership of export control regimes. Themes such as clean coal, electric mobility, science and technology cooperation, cyber-security and aviation security came up for discussion. The consultations also touched upon Afghanistan and other global matters.

Both countries signed 12 agreements. A comprehensive joint statement was also issued, covering various aspects of the negotiations.

The Prime MInister, after concluding the first leg of his four nation visit, left Germany for Spain on May 30, 2017.

Record handling of automobiles at Mumbai Port

Newsroom24x7 Staff

car exports-Mumbai portMumbai: Continuing its march to set ever higher records of handling cars, Mumbai Port has set a new record of shipment of 6316 cars on a single ship on its new berth OCT- 2. This is a quantum jump over the previous record of shipment of 5376 cars.

The ship M. V. HOEGH ST PETERSBERG berthed on 6th August 2016 and sailed on 9th August 2016 with 6316 cars’ shipment mainly consisting of 3115 cars of General Motors and 3093 cars of Volkswagen and exported mostly to Mexico.

Mumbai Port Trust is consistently contributing to the ‘Make in India’ campaign by facilitating the export of Made in India cars.

Mumbai Port has been focusing on the export and handling of cars and has emerged as number one port on the West Coast of India growing at about 25% for last few years. It is committed to improve the facilities & help reducing the cost of handling cargoes.