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industrial policy (way forward (Industry 4.0 (inmpetus to 4.0 would…

- - - - peripheral player in industrial sectors that command a large share in global trade
      - manufactured goods-67%- engineering goods and gems and jewellery occupy most of it
      - petroleuma and crude products-18%, because of high refining capacity
      - agriculture and allied industries-12.5 %
      - ores and minerals 1%
      - <4 % share in textile world export
- - - - no large assembly lines
      - low inventory cost
      - no need for costly machines
    - - low capital and space requirement
      - well est. indian software industry. Digital India.
      - manufacturing facilities in small towns
      - more durable production
      - maintaining uniform product quality is far easier
      - india not already invested n heavy manufacturing
    - - accelerate research at our premier engineering schools on manufacturing machines and methods
      - incentives for distributed manufacturing in smaller towns, and for the IT industry to work on creating platforms and marketplaces that connect consumer demands, product designers and manufacturers in a seamless way.
      - encourage formation of product design centres so that the products built suit the Indian environment
  - - - demographic dividend. 28 medain age in 2020. 37 in china
      - rising in innovation. rank in GII went up from 62 to 57
      - robust startup scene. 3rd highest tech driven startups
      - second largest internet users
- - - - demand in india expected to move from 75 bil USD to 400 in 2020. estimated domestic production 104 busd.
      - 1.6% share in global electronic market worth 1.75 billion USD
      - 70-80 % components are imported. 50-60% products are imported
      - 100% FDI automatic route
    - - electronic manufacturing services
      - component market
      - electronic products( 80% share)
      - semiconductor design market
    - - important pillar of make in india and digital india
      - growing security concerns
      - foreign exchange. oil imports.
      - employment. export potential in mena region
      - increasing costs in china
      - trained engineers
    - - IDS in electronics. limited local base of component suppliers makes manufacturers dependent on imports
      - FDI in electronics <1% total FDI. onerous labour laws, delays in land acquisition. uncertain tax regime.
      - trading across borders.(improved from 146 to 80 in EODB)
    - - draft NPE
        
        aim
        
        EODB
        
        encouraging research and innovation
        
        turnover of USD 400 bil by 2025
        
        promoting competition
        
        direct tax benefits for settin up and expansion
        
        exempting customs on capital equipment not manuf. in india
        
        schemes
        
        replacing MSIPS with interst subsidy and credit default guarantee, etc.
        
        startup ecosystem in emerging tech- ai., ml, iotand their application in defence, health, agri, automation
        
        promote research in e waste management and green tech.
        
        global focus- duty free import of second hand capital goods, signing FTAs, increasing duty drawback. global leader in EMS. progressively higher value addition
        
        governance structure-specialised governance structures. standard setting body in MEITY.
  - - - 12.65% to manufacturing
      - 5%of global exports
      - 12% share in indias exports
      - biggest employer after agriculture- 4.5cr directly+ 6cr in allied sectors
      - employment of women
      - backward linkge to rural economy- farmers, artisans, handloom manu.
      - alignment with MII,SI, women empowerment, youth
    - - absence of scale
        
        scale in spinning and ginning
        
        large gaps in knitting, garmenting, technical textile
      - preferential duty access to garments of bangladesh
    - - special package- ROSL, labor law reforms, ATUFS, relax of sec.80jjaa of IT act
      - increased rates under MEIS- 2to 4%
      - interest equalisation rate for pre and post shipment credit-5% extended to manufacturers and merchant exporters