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Government of India has launched the “Make in India” campaign on September 25, 2014 to provide investors – both domestic and overseas – a conducive environment to manufacture in India and at the same time create job opportunities. The twenty five (25) Sectors identified under “Make in India” campaign are:
Auto Components | Textiles | Renewable Energy |
Construction | Aviation | Tourism |
IT and BPM | Electrical Machinery | Chemicals |
Pharmaceuticals | Media Entertainment | Food Processing |
Space | Railways | Oil and Gas |
Automobiles | Thermal Power | Roads |
Defence | Biotechnology | Wellness |
Leather | Electronic Systems | - |
Ports | Mining | - |
Further, as part of the Special Package for Creation & Export Promotion in Textile & Apparel Sector, Government contributes Employees Provident Fund (EPF) contribution of 3.67% in addition to paying the Employees Pension Scheme (EPS) contribution of 8.33%. Also, as part of the Special Package for Employment Generation in Leather and Footwear Sector, Government provides employers’ contribution of 3.67% to EPF and EPS contribution of 8.33 % for all new employees in Leather, Footwear and Accessories sector, enrolling in EPFO for first 3 years of their employment, on the same lines as the textiles sector.
This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in written reply to a question in Rajya Sabha today.
Employer social security contribution support under Make in India provides government-paid EPF and pension assistance for textiles and leather sectors. The Make in India campaign fosters manufacturing and job creation across twenty-five sectors and includes targeted employer social security contribution assistance: under special packages for the Textile & Apparel and Leather & Footwear sectors, the Government pays a portion of employers' Employees' Provident Fund contributions and provides Employees' Pension Scheme support for eligible new employees during their initial employment period to incentivise employment generation and export promotion.Press 'Enter' after typing page number.