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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI C.R. CHAUDHARY)
(a): No, Madam; The Department of Industrial Policy and Promotion (DIPP) has not made any assessment of the impact of ‘Make in India’ initiative on Micro, Small and Medium Enterprises (MSMEs) sectors.
(b): ‘Make in India’ initiative was launched on September 25, 2014 with the objective of facilitating investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development. Action Plans for 21 key sectors were identified for specific actions under (i) Policy Initiatives (ii) Fiscal incentives (iii) Infrastructure Creation (iv) Ease of Doing Business (v) Innovation and R&D (vi) Skill Development areas. The initiatives under ‘Make in India’ are targeted towards employment creation and skill development of youth in both urban and rural areas. The data for employment generated under this initiatives is not centrally compiled.
(c): India has one of the most liberalized FDI policy in the world, wherein 100% FDI under automatic route is permitted in most of the sectors/ activities. There is only a small list of sectors/ activities where FDI is regulated i.e. subjected to government approval, cap or having other conditionalities. The FDI policy equally applies to MSME sector.
Government reviews FDI policy on an ongoing basis to ensure that India remains attractive & investor friendly destination. Government has undertaken a number of reforms in FDI policy in recent years. These measures have been taken with a view to simplify the FDI policy and provide ease of doing business to the foreign investors thereby increasing FDI inflows complement and supplement domestic investment. Domestic companies are benefited through FDI by way of enhanced access to supplementary capital and state-of-art-technologies; exposure to global managerial practices amounting into employment generation and accelerated growth of the sector, including MSMEs of the country.
To look after the interest of Indian SME sector, certain provisions have been provided for FDI in retail trading sector. For retail trading of single brand products, in respect of proposals involving foreign investment beyond 51%, sourcing of 30% of the value of goods purchased, has been mandated to be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors.
Statement on sector-wise FDI equity inflows from October 2014 to December 2017 is placed at Annexure.
(d): The Ministry of MSME has taken several steps to promote and stimulate the growth of MSME Sector in the country. These include simplification of the registration process through a one page Udyog Aadhar Memorandum (UAM), introduction of the ‘MSME SAMBANDTH’ portal for monitoring the implementation of public procurement policy for the MSEs and launching of the ‘MSME SAMADHAN’ portal for enabling MSMEs to directly register their cases relating to delayed payments. In addition, Ministry of MSME also helps the MSME Sector through its schemes/ programmes which include the Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme (CLCSS), National Manufacturing Competitiveness Programme, Cluster Development Programme, Marketing Development Assistance and Skill/ Entrepreneurship Development Programme etc.
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