Home / Knowledge / News / Textiles / FICCI's thumbs up to Make in India programme
FICCI's thumbs up to Make in India programme
28
Sep '15
The Government's “Make in India” programme, launched a year ago with 25 thrust sectors to provide a major push to manufacturing in India, has received a thumbs up from the Federation of Indian Chambers of Commerce and Industry (FICCI).

“FICCI has been working with Government of India on the Make in India campaign which is one of the most successful campaigns for attracting investments and improving business environment in the country. It has been well received by the industry both in India and abroad and has started yielding results too. Also, we have seen a significant increase in FDI ever since this campaign has been announced” said Dr A Didar Singh, Secretary General, FICCI.

“A number of initiatives have been taken for simplifying business environment but there is a lot more to do as pointed out by the recent World Bank report too. And we are hopeful that business environment at the State level will be further simplified in due course as a result of Government's initiatives both at the Central and State level. We have seen rationalization and clarifications on some of the most time consuming clearances in the last twelve months which has given confidence to the industry and ensured faster execution of projects. As a result, we have seen the highest amount of investment projects getting completed in manufacturing in the quarter ending June 2015, since 2010.” Singh noted.

In a press release, FICCI cited the RBI Industrial Outlook Survey on assessment of the investment intentions of the manufacturing companies in fixed capital, (buildings, plants and machinery, etc,) which shows that more than half of companies (53 per cent) reported having made investment during the year 2014-15, of which 78 per cent 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.

The number of Industrial Entrepreneur Memorandum (IEM) filed since October 2014 to June 2015 was 1387, involving an indicated proposed investment of Rs. 2057.52 billion, which indicates an increase of 16.83 per cent in proposed investment when compared to the proposed investment in the IEM filed in the corresponding period of 2013-14

Foxconn (a Taiwanese multinational electronics contract manufacturing company) announced opening up of 10- 12 manufacturing facilities and creating one million jobs by 2020 in India. It signed an MOU with Government of Maharashtra to set up electronic manufacturing plant with the investment of $5 billion. It also tied up with Chinese Smartphone maker Xiaomi to start assembling phones in India.

An Investor Facilitation Cell has been created in 'Invest India' (Joint venture of FICCI and DIPP) to assist, guide, handhold and facilitate investors during the various phases of business life cycle. This Cell provides necessary information on vast range of subjects; such as policies of the Ministries and State Governments, various incentive schemes and opportunities available, to make it easy for the investors to make necessary investment decision, the release said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search