Page 6 - Make In India

India's high tax curbing soft drinks segment reach potential: ICRIER report

Carbonated soft drinks segment in India is unable to reach its potential in terms of scale expansion due to barriers such as high taxation under the GST regime despite government's initiatives like 'Make in India' and 'Aatmanirbhar Bharat', according to a report by economic think tank ICRIER. The cross-country comparative data on sugar-sweetened beverages (SSB) taxes collated by the World Bank shows that India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023. Over 90 per cent of countries that tax SSBs have a lower tax rate than India, as per the report titled 'Carbonated Beverages Industry in India: Tax Policy to Promote Growth, Innovation and Investment'. Consumers, globally and in India, are shifting towards low-sugar and no-added sugar varieties of beverages amid heightened health awareness. "The CSD market is also changing from its traditional high sugar carbonated beverages to low-sugar and fruit-based and/or ...

Make in India needs a reset. It won't work unless we focus on exports

The trouble is that Indian manufacturers appear less and less interested in becoming export powerhouses

Govt discussing proposal to formulate scheme for 'Made in India' label

The government is discussing a proposal to formulate a scheme for 'made in India' label with a view to promote brand India in the global markets, an official said. The official said that a high level committee is examining the details of the scheme. The objective is to create a strong brand identity for India, similar to how 'made in Japan' or 'made in Switzerland' evokes about specific images and qualities. "That we want for India also," the official said, adding, for instance, "when we think of Switzerland, we often think of their watches, chocolates, and banking systems." "We are having discussions on how we can do that. Do we make this scheme for specific sectors like textiles where we have strength in that. So we are looking into such things," the official added. According to experts, quality consciousness is key to promote Brand India. The government at present has India Brand Equity Foundation (IBEF) to promote and create international awareness about the 'made in India' l

FDI realities: A decade on, policy for multi-brand retail remains on paper

Ten years after FDI in multi-brand retail was allowed, it remains largely inactive. Meanwhile, e-commerce giants like Amazon and Flipkart continue to reshape India's rapidly evolving retail market

Make in India played tremendous role in latest GVA numbers: Piyush Goyal

Goyal further remarked that the world is increasingly viewing India as a manufacturing hub

Make in India at 10: A vision for global manufacturing leadership

The success of Make in India has been driven by several landmark reforms, starting with an investor- friendly FDI policy

How to make in India for the world and attract large global companies

We should be wary of global consultants pushing grand visions of India becoming a $50 trillion or $100 trillion economy, especially when per capita income is still under $3,000

Govt plans to liberalise procurement rules for new, innovative products

Investments under PLI may hit Rs 2 trillion by next year, says Piyush Goyal

PM hails 'Make in India', says nation has become manufacturing powerhouse

With his government's flagship 'Make in India' initiative completing 10 years, Prime Minister Narendra Modi on Sunday said India has become a manufacturing powerhouse and it is because of the country's youth power that the "whole world is looking up to us". As the Make in India' initiative marked its 10th anniversary last week, the prime minister talked about it in his monthly Mann Ki Baat' radio broadcast and said the success of this campaign includes the contribution of the country's big industries as well as small shopkeepers. "Today, it gives me immense joy to see that the poor, the middle class and MSMEs are getting a lot of benefit from this campaign. This campaign has provided an opportunity to people of every class to showcase their talent," Modi said. "Today, India has become a manufacturing powerhouse and it is because of the youth power of the country that the whole world is looking up to us. Be it automobiles, textiles, aviation, electronics or defence every sector in th

Goyal urges to use made in India goods to cut imports, boost manufacturing

Commerce and Industry Piyush Goyal on Saturday called for increased usage of made-in-India goods in order to promote domestic manufacturing and cut the country's imports. Speaking at the UP International Trade Show at Greater Noida, Goyal also said that out of the 20 approved industrial townships, one is coming up at Greater Noida and in that, the first phase is already sold out. For next phase, talks are on with the state. "Manufacturing and selling of made-in-India products within the country and abroad will reduce imports, boost MSMEs, help 'One District One Product' scheme to grow," he said. Last month, the Union Cabinet approved setting up of 12 industrial smart cities including in Uttar Pradesh and Bihar, with an overall investment of Rs 28,602 crore. Goyal also said that India's intellectual property rights (IPR) regime has improved so much so that in 2014, only 6,000 patents were granted in 2014 but last year, the number has jumped to one lakh patents. Noting that India's

India SME Forum launches 'Start Exporting in Eight Weeks' programme

India SME Forum (ISF), a not-for-profit organisation for Small and Medium Enterprises (SMEs), launched a programme on Saturday titled "Start Exporting in Eight Weeks", to work with e-commerce export leaders like Amazon towards promoting 'Make in India' products. Launched under ISF's flagship initiative IndiaXports', the programme was announced by Minister of State for MSME Shobha Karandlaje at the Business Beyond Borders 2024 Conference in presence of MSMEs and industry leaders. In a statement, the NGO said the innovative "Start Exporting in Eight Weeks" programme is designed to enable Indian MSMEs to access global markets and boost exports within just eight weeks. It will offer comprehensive guidance, resources and networking opportunities free of cost to MSMEs aspiring to explore international market opportunities and expand their reach. Speaking on the launch of the programme, Karandlaje said, "MSMEs play a crucial role in contributing to the vision of Viksit Bharat 2047, and the

10 yrs of 'Make in India': Govt eyes $100 bn FDI inflows annually

The initiative was launched a decade ago, with an aim to boost manufacturing, attract foreign investment, enhance infrastructure, and promote indigenous production

Make in India 10th anniversary: PM Modi thanks all for 'roaring success'

Mobile manufacturing to renewable energy & electric vehicles, Prime Minister Narendra Modi highlights success under India's Make in India initiative which started September 25

India known as best place to invest and manufacture in: Piyush Goyal

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

Future bright for manufacturing as Make in India celebrates 10 yrs: Goyal

A series of measures to improve ease of doing business, zero tolerance for corruption and the focused effort on emerging sectors like electronics have helped promote 'Make In India' and boost both domestic and foreign investments in the country, Commerce and Industry Minister Piyush Goyal said on Tuesday. "We have achieved great success and a brilliant future is ahead for manufacturing in the country as the 'Make in India' programme is celebrating its 10 years," he said. The 'Make in India' initiative was launched on September 25, 2014, to facilitate investment, foster innovation, build world-class infrastructure, and make India a hub for manufacturing, design, and innovation. It is one of the unique 'Vocal for Local' initiatives that promoted the country's manufacturing domain to the world. "We are seeing very big investment plans on the anvil which will create millions of jobs and expand our manufacturing contribution to the economy," Goyal told PTI. Recalling the journey of the

Samsung sues Indian labour union over strike that disrupted production

Samsung workers have since Sept 9 disrupted work and protested in makeshift tent, demanding higher wages and recognition of union that contributes a third of Samsung's annual India revenue of $12 bn

India's own 4G stack to be rolled out by mid-2025: Scindia at AIMA event

India's own 4G technology stack will be rolled out by mid-2025, Union Minister Jyotiraditya M Scindia said on Wednesday as he outlined three key targets for the country and the government. Scindia, Minister of Communications, was delivering a keynote address at the 51st edition of the AIMA National Management Convention here. "India, for the first time in her existence, has developed her own 4G technology stack that will be rolled out by the middle of next year," he said. It is important not only to implement technology, but also to design and develop indigenous technology, Scindia further said. "There are three targets that we have set for ourselves. The first target is to ensure saturation...Every corner of our country must be connected digitally. Every single person must be able to avail of every single opportunity through the digital revolution," he said. India has raised almost four and a half lakh towers across the country, he said, adding that the government has committed

Mahindra Group, Sentrycs ink pact for development of anti-drone solutions

Mahindra Group and Israel's Sentrycs Ltd on Friday said they have signed a non-binding Memorandum of Understanding (MoU) to explore opportunities for developing and providing 'differentiated anti-drone solutions' in India. The solutions will cover civilian and military applications, the two companies said in a joint statement. The MoU relates to the 'anti-drone systems' technology space and will focus on the Transfer of Technology (TOT) and manufacturing of radio frequency-based counter-drone solutions under the government of India's 'Make in India' initiative, it added. The 'differentiated anti-drone solution' is an autonomous and integrated system with a command and control (C2) module, and enables detection, tracking, identification and mitigation of incoming drones. "We believe that this MoU with Sentrycs would enable the group to explore opportunities in the anti-drone space and set the stage for cutting-edge technological offerings with global partners for a full suite of ...

PM Modi's Independence Day speech: A blueprint for growth through reforms

UCC to India's Olympics 2036 bid: PM Modi's 78th Independence Day speech focused on reforms to make India a developed nation by 2047

Google expands India operations with self-owned after-sales centres

Google to open walk-in service centres in Delhi, Bengaluru, and Mumbai as part of its localised support strategy