My bit on attracting manufacturing
1-Land
>Acquisition troublesome & prices are high-a deterrent for Indians & foreigners. Gvt can acquire land & rent/lease it to manufacturers reducing entry barrier.Can add incentive like say 3 year rent free period.Stay as long as they manf
1/n
1-Land
>Acquisition troublesome & prices are high-a deterrent for Indians & foreigners. Gvt can acquire land & rent/lease it to manufacturers reducing entry barrier.Can add incentive like say 3 year rent free period.Stay as long as they manf
1/n
2/n
>Make drought prone areas industrial zones with good connectivity & water supply
>Its a chance to develop our backward regions. Land will be cheaper. It will de-congest our cities.
2-Electricity
>Cost is high.Use solar to provide electricity at about ₹4-5/unit.
>Make drought prone areas industrial zones with good connectivity & water supply
>Its a chance to develop our backward regions. Land will be cheaper. It will de-congest our cities.
2-Electricity
>Cost is high.Use solar to provide electricity at about ₹4-5/unit.
3/n
3-Water
>K'tka lost a $10bn project because it could not provide water. India is water stressed. We will have to think about how to provide water.
4-Waste Treatment
>Large common area treatment plants with usage charges for treatment will reduce costs for manufacturers
3-Water
>K'tka lost a $10bn project because it could not provide water. India is water stressed. We will have to think about how to provide water.
4-Waste Treatment
>Large common area treatment plants with usage charges for treatment will reduce costs for manufacturers
4/n
5-Labour
>No brainer.
6-Speedy environmental clearance
7-Logistics
>Road & rail connectivity btwn indl zones & ports.Efficiencies to reduce costs. It costs more to move a container from Chennai to Bangalore than ship from Taiwan to Chennai.
5-Labour
>No brainer.
6-Speedy environmental clearance
7-Logistics
>Road & rail connectivity btwn indl zones & ports.Efficiencies to reduce costs. It costs more to move a container from Chennai to Bangalore than ship from Taiwan to Chennai.
5/n
8-Tax:
>Policy stability, incentives, ease of compliance, no tax terror.
9-Bureaucracy
>Biggest obstacle can be turned into engine of growth. Can we create a corps of bright people to get manufacturers to India? Work in mission mode?
8-Tax:
>Policy stability, incentives, ease of compliance, no tax terror.
9-Bureaucracy
>Biggest obstacle can be turned into engine of growth. Can we create a corps of bright people to get manufacturers to India? Work in mission mode?
6/n
>An officer becomes single point contact for companies to get land,water,electricity,clearances etc.Companies get on with business while official work taken care by officer.
>These officers chase companies around the world to get them to India
>Maybe have incentives
>An officer becomes single point contact for companies to get land,water,electricity,clearances etc.Companies get on with business while official work taken care by officer.
>These officers chase companies around the world to get them to India
>Maybe have incentives
7/n
10-Ease of movement
>Travel card,long term visas for those interested in investing in India
11-Multi-state approach
>Eg entire Indian Peninsula considered one hub.Cluster based approach for setting industries based on natural & human resources,existing industrial capabilities
10-Ease of movement
>Travel card,long term visas for those interested in investing in India
11-Multi-state approach
>Eg entire Indian Peninsula considered one hub.Cluster based approach for setting industries based on natural & human resources,existing industrial capabilities
8/n
12-India as an SEZ
Supply chains dont work in isolation. Ease of doing business & concessions cannot be just for certain areas like SEZs where foreign manf come. The people of India are the ones who will integrate into local & global supply chains. Our policies shd help them
12-India as an SEZ
Supply chains dont work in isolation. Ease of doing business & concessions cannot be just for certain areas like SEZs where foreign manf come. The people of India are the ones who will integrate into local & global supply chains. Our policies shd help them
9/n
13-What I have said can be pursued by state gvts themselves. Build roads & even rail linking indl zones & ports. Dont wait for center. States can undertake labor reforms too. Have a trade & investment desk in our embassies to pursue manufacturing companies in the West.
13-What I have said can be pursued by state gvts themselves. Build roads & even rail linking indl zones & ports. Dont wait for center. States can undertake labor reforms too. Have a trade & investment desk in our embassies to pursue manufacturing companies in the West.
10/10
14-Political Will
Ultimately,it boils down to this.Focus to make India a manufacturing superpower.Take political risks to reform. Understand business & make policies.Maintain internal peace,stability & security to be an attractive investment destination & long term partners
14-Political Will
Ultimately,it boils down to this.Focus to make India a manufacturing superpower.Take political risks to reform. Understand business & make policies.Maintain internal peace,stability & security to be an attractive investment destination & long term partners
