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Dear
Decision Maker ,
MINT
newspaper ( 19 Nov 2014 ) reports :
*
In October 2014 , India's
> Imports
were $ 39 Billion
> Exports
were $ 26 Billion
> Trade Deficit was $
13 Billion
*
So , India's Commerce Ministry is believed to
be preparing a Policy Paper , recommending :
>
Local Manufacture of some 181 engineering items, whose annual imports add
up to $ 18.1 Billion ( Each item with
annual import value of $ 100 Million )
>
Declaring CAPITAL GOODS as PRIORITY sector for bank lending at lower rates
of interest
>
Exempting locally manufactured Capital Goods from Excise Duty
>
Abolish schemes relating to duty-free imports of Capital Goods
>
Strictly regulate import of second-hand machinery
* What are the items that Government would like industry to
"Make In India " ?
Here is a partial list :
>
Gas Compressors
>
Parts of Non-Electric Furnaces
>
Filtering and purifying machinery
>
Petroleum and Gas-well Drilling Equipment
>
Cotton-weaving Machinery
>
Brake linings
>
Gear Boxes
>
Engines with cylinder capacity of more than 250 cc
>
Parts of turbine
>
Parts of Steam and Vapor generating Boilers
* How will this help ?
>
Revive Rs 1.85 Trillion Indian Capital Goods Industry
>
Reduce Import Dependency
>
Boost local manufacturing
* Any decision so far ?
>
On 16th Sept , Union Cabinet approved a Rs 20,000 Cr ( $
3.3 Billion ) plan to
boost localization of at least 10 key technologies in Capital Goods sector
* What are the opportunities for FOREIGN COMPANIES ?
>
Form Joint Ventures with Indian Companies operating in Capital Goods sector .
* Where will they find these Indian Companies - and send them
" Let's form JV " messages ?
there is an
Online / Searchable database of 2,28,000 +
Indian Companies , listed as per 52 Industry
Sectors
In sector labeled
, " Machinery / Equipment Manufacturing /
Capital Goods / Plants / Machine Tools ", that number is 16,285 Indian Companies
Just Register and using our Message Blasting service , send out " We would like to talk to you " messages , to
dozens of shortlisted companies
Your
messages will be delivered in 24 hours ( as Emails )
with
regards ,
Mumbai , India
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