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The Make in India initiative was launched globally in September, 2014 by the Government of India to focus on invigorating the country’s manufacturing sector. A number of initiatives have been taken by the Government of India since the launch of Make in India campaign last year. The make in India initiative is based on the following four pillars, under which various initiatives have been taken, are:
The Make in India initiative of the Government has made a tremendous impact on the investment climate of the country, as shown by significant growth of overall Foreign Direct Investment (FDI).
‘Make in India’ initiative aims at developing India as a global hub for manufacturing, innovation and design for both domestic and foreign markets. Government has made efforts to simplify the regulatory requirements for import and export which includes:
(i) Making available importer-exporter code online through e-biz portal.
(ii) Reducing number of documents required from seven to three for exports and ten to three for imports.
(iii) Establishment of Customs Clearance Facilitation Committees in every port to ensure expeditious clearance of goods.
(iv) Integration of customs online Single window clearance system with Food Safety & Standards Authority of India and Plant Quarantine thorough message exchange for faster clearance of food and plant products.
This information was given by the Minister of State(Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha
Regulatory simplification under Make in India accelerates trade clearance by reducing documentation and integrating customs systems. The initiative emphasizes Regulatory Simplification and operational integration to expedite cross border trade by making the Importer Exporter Code available online, reducing export/import document requirements, establishing Customs Clearance Facilitation Committees at ports, and integrating the customs Single Window with food safety and plant quarantine agencies for faster clearance.Press 'Enter' after typing page number.