Scaling up Make in India with fresh energy By DHARANI KUMAR - December 6, 2019 Last Updated at: Dec 06, 2019 21909 Make in India scheme focuses on 25 sectors in Indian economy. Our respected Prime Minister launched this initiative in the year 2014. This initiative boosts the entrepreneurs of Indian citizens to develop, analyse and promote numerous services and products which will help the world in a better way. HIGHLIGHTS: PM Narendra Modi is planning to work on a fresh strategy to boost the Make in India programme. “ZERO DEFECT, ZERO EFFECT” phrase which came up with Make in India initiative has shown a positive impact in the manufacturing sector. The Prime Minister of India, Narendra Modi is boosting the Make in India initiative, which has led to a considerable growth in the manufacturing industry. Moreover, having been re-elected, the government is all set to introduce numerous schemes that will promote growth in the business ecosystem. With many startups that exist in the country, it is possible to give a fresh boost to this initiative. India’s new re-elected government under the leadership of PM Narendra Modi is planning to work on a fresh strategy. And so, this scheme is to boost the Make in India programme. However, in the previous tenure, the government introduced numerous schemes to improve the business climate of the country like Make in India, Startup India, MUDRA scheme, etc. Most importantly, the goal of Make in India programme is to boost the manufacturing sector and push companies to manufacture locally which in turn attract foreign investment and aid in more job creation. Get Your Company Registered There is an emergence of many startups which have made significant progress. But the job creation was much slower in the first term of NDA government. Even today, we are importing products from foreign countries like Germany and France for technologically advanced products, but lately, many home-grown local companies are coming up with world-class products and giving tough competition in the market. Indeed, the Micro Small and Medium Enterprises (MSME) has shown significant growth under the Make in India campaign and the phrase “zero defect zero effect” has shown a positive impact in this sector. As a result, many manufacturing units produce goods with “zero defect”. And at the same time, it ensures the “zero effect” on the environment. Hence, sustainable development is possible by imposing a high-quality manufacturing standard while reducing environmental damage. Prime Minister in a recent meeting with top officials of each ministry, stressed upon the importance of Make in India scheme and need for more tangible progress towards this end. What is the validity of GST certificate? Usually, granted GST certificates are valid until there is a request for suspension or cancellation. The GST certificate obtained by non-resident and casual taxable individuals alone has a limited validity. Therefore, understand the procedure for GST registration and GST returns as well. What are the different modes of filing the return of income? The income tax return filing process is in two ways. One is the paper mode and other is the online mode. In paper mode, you have to fill the forms and submit to the nearest Income tax office. Indeed, in online mode, one can download the ITR forms online and submit it electronically. Learn more on Income Tax Return Filing. Can anyone join ISO? Businesses or individuals cannot join ISO. ISO membership is open to national standardized organizations or similar institutes which represent regulation in their country. Learn more about ISO Certification. What are the different Acts in which NGO is registered? You can register your NGOs under the Indian Trust Act 1882, the Indian Societies Act 1860 and the Indian Companies Act 1956 for profitable NGOs. However, get to know more info on NGO Registration in India. What are Specified Enterprises as per the notification? Specified companies are those companies that get supplies of goods and services from MSMEs. Also, the payments to these suppliers exceed 45 days from the date of deemed acceptance of all goods and services. Learn more about Udyog Aadhar Registration.