One year on, Ficci lauds 'Make In India'

Ficci lauded the comprehensive thrust given towards 25 specific sectors which it said had given a 'major push to manufacturing'

Industry body Federation of Indian Chamber of Commerce and Industry (Ficci), on Friday commented on the one year anniversary of the 'Make in India' programme. It has lauded the comprehensive thrust given towards 25 specific sectors which it said had given a 'major push to manufacturing'.

It said the RBI Industrial Outlook Survey on assessment of the investment intentions of the manufacturing companies in fixed capital, i.e., buildings, plants and machinery shows that more than half of companies (53%) reported having made investments during 2014-15, of which 78% companies planned for further investment in 2015-16. Among the manufacturing industries 'basic metals & metal products', 'transport equipment', 'textiles' and 'food products' industries expressed higher investment intentions for 2015-16.

Also, it said, the number of Industrial Entrepreneur Memorandum (IEM) filed since October 2014 to June 2015 was 1,387, involving an indicated proposed investment of Rs. 2,057.52 billion, which indicates an increase by 16.83% in proposed investment when compared to the proposed investment in the IEM filed in the corresponding period of 2013-14.

It also mentioned the Investor Facilitation Cell, a joint venture of Ficci and DIPP, which assists investors during the various phases of a business life cycle. This Cell provides necessary information on policy, incentive schemes and opportunities.