Bengaluru, Dec 29 (IANS) Karnataka industry should participate in and take advantage of the opportunities that ‘Make in India Week’, scheduled to be held next week, will throw up, a top bureaucrat said on Tuesday.
The central government is organising ‘Make in India Week’ from February 13 to 18 in Mumbai to help industry attract global investments and partnerships.
“Make in India Week will showcase the potential of design, innovation and sustainability across India’s focus sectors, said Amitabh Kant, the secretary of Department of Industrial Policy and Promotion (DIPP), here at a conference hosted by the Confederation of Indian Industry (CII).
The focus sectors include defence and aerospace, automobiles and auto components, chemicals and petrochemicals, construction equipment, materials and technology, food processing, infrastructure development, IT and electronics, industrial equipment and machinery, pharmaceuticals, textiles, and MSME.
“In addition to Make in India Week, there is Asia Business Forum, which will be driven by CNN (satellite TV channel owned by US firm Time Warner). Time magazine will declare its India awards for best manufacturer, best innovator and best startup,” said Kant.
Other major events at Make in India Week include ‘hackathon’ by IIT-Bombay in association with Cisco and SAP and Indian Navy’s innovation exhibition.
To make India an easy and simple place to do business, new ‘E-Biz’ platform had been created in collaboration with Infosys where 20 government services were made available online with a single payment point, Kant said.
The government opened Foreign Direct Investment (FDI) up to 49 percent in defence, 100 percent in railways, construction and medical devices, he said.
In the long run, the government also aimed to merge multiple identifications numbers for businessmen like PAN identification number, labour identification, company identification number and others into one identification number, he said.
“We have successfully reduced the forms for MSME’s from 22 pages to one page and we have taken out 60 percent of the items which were for defence licensing out of the process,” said Kant.
Kant also said Prime Minister Narendra Modi would launch Startup India movement on January 16, 2016 in New Delhi.
“All the IITs, IIMs, NITs, central universities and districts will link up to view startup movement where the Prime Minister will unveil the action plan,” added Kant.