Industrial Policy Final

8/8/2019 Industrial Policy Final

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Group MembersRavish Jain 19

Jitesh Kabra 21Kalpit Trivedi 57

Ankita Ambavat 03


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Policies of Central and State

Governments towards location,Legal aspects of Project

management


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Industrial PolicyFeatures :

y Sustained Growth

y Employment

y Human Resources

y International Competitiveness

y Player in the global arena


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ContdFocus of the Policy :

y Deregulating Indian industry

y Freedom and Flexibility

y Policy Regime


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Policy Measuresy Liberalisation of Industrial Licensing Policy

y Introduction of Industrial EntrepreneursMemorandum (IEM)

y

Liberalisation of the Locational Policy

y Policy for Small Scale Industries


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Policy Measuresy Non-Resident Indians Scheme

y EHTP / STP

y Policy for Foreign Direct Investment (FDI)


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FDI Restrictionsy FDI up to 100% is allowed under the automatic

route in all activities except few sectors :


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Department of Industrial Policy

and Promotion(D

IPP):Annual Report 2009 10


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INTRODUCTION


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The role and functions of (DIPP)

y Formulation and implementation of industrialpolicy

y Monitoring and stimulation of industrial growth.

yApproval of foreign technology collaborations atenterprise level.

y Formulation of Foreign Direct Investment (FDI)Policy


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yAssociation, as nodal department, for investmentrelated regional economic CooperationAgreements.

y Formulation of policies relating to IntellectualProperty Rights.

yAdministration of Industries (Development &Regulation) Act, 1951.

y Promotion of Industrial development of

industrially backward states.


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y Development of industrial infrastructure andindustrial corridors like Delhi and Mumbai.

y

Promotion of international cooperation throughproductivity, quality and technical cooperation

y Compilation of data/statistics on Foreign DirectInvestment & analysis thereof

y Compilation of monthly industrial productionstatistics for use in the construction of Index of Industrial Production (IIP).


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Industrial policy

yFormulation and implementation of promotionaland developmental measures for growth of theindustrial sector.

y Department is responsible for the overallIndustrial Policy.

y It undertakes programs of technical cooperation

with the Asian Productivity Organization (APO),Tokyo.

y It also promotes the adoption of quality standards.


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Schemes For Industrial and InfrastructureDevelopment

y To enhance competitiveness of the industry.

y This Department administers the IndustrialInfrastructure Upgradation Scheme (IIUS)

y Central assistance up to 75% of the project cost

subject to a maximum of Rs. 50 crore is providedunder the Scheme

y FDI Promotion Initiatives : Several steps have beeninitiated to facilitate increased FDI inflows which

include, inter-alia, the following:


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Steps to increase FDI inflowy (a) On the policy front, the policy is being further

progressively rationalized.

y (b) On the investment promotion front, theDepartment organizes Destination India events inassociation with CII and FICCI.

y (c) The Foreign Investment ImplementationAuthority (FIIA) has been activated towardsspeedy resolution of investment related problems.


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Steps to increase FDI inflow

y (d) National Manufacturing CompetitivenessCouncil has been set up.

y (e) The Department has regular interaction withforeign investors.

y (f) The Department website (www.dipp.nic.in) hasbeen made both comprehensive and informativewith online chat facility.


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Prospectsy Investment Climate : The advantages of India as an

investment destination rest on strong fundamentals.

y Ongoing initiatives, such as further simplification ofrules and regulations and improvement ininfrastructure are expected to provide necessaryimpetus to increase FDI inflows in future.


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Further Detailsy Evolution of Industrial policy.

y Performance ofSelect industries.

y UnitedNations Industrial DevelopmentOrganization(UNIDO).

yWomen Welfare Activities.

IPP Annual report2009-10


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Rehabilitation and Resettlement

PolicyObjective:

Aims at balance between the need for land for developmental activities, atthe same time protecting the interests of land owners, tenants, agriculture

non agriculture laborers, artisans and others.

Benefits:Land for- land for the affected families.Preference for employment.Training for suitable jobs.Scholarships for education.Housing benefits.Wage employment.


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Industrial Park Scheme, 2002Objective:

Industrial Model town

Industrial park

Growth center


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National Design Policy

Objectives:

Presentation of Indian design and innovations on theinternational arena.

Attracting investment, including FDI, design related R&D.

Branding of Indian design globally.

Making of India a major hub for exports and outsourcing ofdesign.


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Ultra mega power project

Objective:

This include very large projects approximately 400 MW eachinvolving an estimated investment of Rs 16k crore.

Five Costal sites: Mundra, Krishnapatnam, Tadri, Girye,Cheyyur,

Four pithead sites: Sasan, Tilaiya, Sundergarh, Akaltara,


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NEIIPPEstablish :1997 covered the states of Arunachal Pradesh, Assam,Manipur, Meghalaya, Mizoram, Nagaland and Tripura. In2007 Sikkim also included.

Benefits:

Duration of Incentives

Excise duty exemptionIncome Tax exemptionInterest subsidyIncentives for Bio- technology industryIncentives for power generating industry


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Legal aspects of Project Management.

1. Fundamental understanding.

2. Steady growth


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Contract ActLaw of Agency:

y He is an Agent of the owners of the Project.

y The Project Manager (as the agent) has theauthority

y

When an Agent does more than what he isauthorised to do, and if the unauthorised acts ofthe agent can be separated from the authorisedacts, then the Agent is liable for the consequencesof the unauthorised acts.


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The IDR Act Industries Developmentand Regulation Act :

y The Act Provides The Conceptual And Legal Framework For IndustrialDevelopment And Industries In India.

y

Two categories: --Small Scale Industrial undertaking- Ancillary Industrial Undertaking

y It is capable enough of meeting the consumer goods needs of thecommunity

y The government should keep the interest of community at uppermost

in time


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The Factories Act, 1948

y A factory under the Act is defined as a place using

power.

y Electronic Data Processing Unit or a Computer Unit is

installed.

y The employment of women and young in a

dangerous process or operation.


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y Section 11 to 20 deal with various provisions such as:

1. Environmental sanitation that protect the workerfrom hazardous environment.

2. Cleanliness ofthe working place.3. Disposal ofwastes.

4. Ventilation, temperature inside factory, dust andfumes emission, lighting.

5. Safety measures like fencing of machines,protection ofeyes against fire.

6. Facilities for sitting, canteens, first aid.

7. There is provision for one weekly holiday, and notmore than 48 hours ofworking in a week.


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Payment of Wages Act, 1936y Current coin or currency notes or both

y All payment of wages shall be made on a working day.

y Although the wages of an employed person shall be paid tohim without deductions the act allows deductions from thewages ofan employee on the account ofthe following:-

fines Absence from duty Damage to or loss of goods bythe employee Housing accommodation and amenitiesprovided by the employer .

y Eliminate All Malpractices


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Labour Laws:

So many issues like payment of proper wages at the

proper time, handling of disputes, strikes, severance

packages, remittance of dues to the Govt. towardsEmployees State Insurance, Providend/ Pension

contributions to the Providend Commissioners Office

within the stipulated time schedule etc. come under

this section.


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Employees' Provident Fund and Act, 1952:

It provides insurance to workers.

Sale of Goods Act.

Carriage of Goods Act.

The Excise Act.

Acts relating to Insurance.


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THANK YOU !!!

Industrial Policy Final

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