New initiatives designed to facilitate investment, foster innovation, protect intellectual property, and build best in class manufacturing infrastructure. There will be dedicated teams that will guide and assist first time investors from time of arrival .
Make in India program will focus on three verticals. i.e. process, infrastructure and sectors. For example:
PROCESS
- Application for Industrial license and Industrial Entrepreneur Memorandum online through eBiz portal.
- Validity of industrial license extended to three year.
- Major components of Defence product list excluded from industrial licensing.
- Services of all central government department and ministries will be integrated with eBiz.
- Online environmental clearances.
- Online filing of return by unified form.
- Deregulation of dual use items. Items which could be used for both civilian and military applications.
INFRASTRUCTURE
- Developing industrial corridors and smart cities. National Industrial Corridor Development Authority or this purpose.
- Skill development through Indian Leather Development Programme.
SECTORS
- Defence FDI cap raised from 26% to 49%.
- Portfolio investment through automatic route upto 26%.
- 100% FDI in defence sector for modern and state of art technology on case to case basis.
- 100% FDI under automatic route permitted in construction, operation and maintenance in specified rail infrastructure projects. e.g. High speed trains, dedicated freight lines, passenger terminals, mass rapid transport systems.
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