FROM JOB-SEEKERS TO JOB-CREATORS ?

FROM    JOB-SEEKERS   TO   JOB-CREATORS  ?

How to turn 12 million persons entering our work-force each year from being job-seekers to becoming job-creators ?

At the conceptual level , this was well-answered in BJP poll manifesto as :

" Encourage and empower our youth for Self Employment - incubating entrepreneurship as well as facilitating credit "

How to translate this policy into specific actions ?

May be the clue lies in the following incidence :

After getting a post-graduate degree in engineering from USA , when I returned to India in 1959 , my father took me to meet Shri Manubhai Shah  , the then Minister for Industry in Union Government

My father inquired if Manubhai could give me a job in government

Manubhai answered :

" Chunibhai , I have no job for your son .

  Let him set up a factory and manufacture fractional horse power motors of which India is currently importing some 3000 per year

 We will ,

>    Immediately issue to him , an Industrial License

>    Allot him a factory-shed in Rajkot Industrial Estate

>    Give him a loan of Rs 5 lakhs to buy machinery  "

56 years later , we are better organized / equipped to " Institutionalize " this pioneering thinking

Here is my suggestion :

*  Role of MakeinIndia web site

    >  On its web site , list 5000 products that we currently import ( with

        annual import bill / sources / ave landed cost etc )

    >  Invite 1000 leading manufacturing companies of India , to make

        online selection of minimum of 5 items each, for preparing DPR

        ( Detailed Project Reports ) . Freely visible online database of who

         selected which items will avoid duplication

*  Role  of  Manufacturing Companies

    >  Prepare and submit to Ministry of Commerce, at least 5 DPR  by

        Dec 2016 . More the merrier ! Earlier the better !

    >  Each report must carry , name of at least one bank which has

        accepted that as a " Bankable Report " , eligible for funding

    >  Train at least 100 fresh engineering graduates in various

         manufacturing related functions under GET ( Graduate Engineer

         Training ) Scheme  , each year

*   Role of Ministry of Commerce

   >  Publish DPRs on its web site for free downloading

*  Role of  Income Tax Department

   >  Give 200 % tax deduction to existing manufacturing units for 2

       years , for employing fresh engineering graduates on their rolls ,

       under :

      " Graduate Engineers Training Subsidy Act - 2015 "

        ( to be enacted )

      This will motivate manufacturing units to impart manufacturing

      related experience to fresh engineering graduates before they

      venture to set up own  MSME factories

    

  >  Admit expenses incurred by manufacturing units for preparation of

      DPR ,under their CSR obligation ( 2 % of ave net profit for 5 years )

  >  Exempt all GET Start Ups ( registered on eBiz web site ) from

      paying Corporate Income Tax for first 10 years of working

     

  >  Exempt all GET Start Ups from GST payment ,  for 10 years

*   Role of Fresh Engineering Graduates

  >  Get GET Training Certificate from employer companies

  >  Download DPR from Commerce Ministry web site

  >  Apply for funding to banks , attaching DPR and GET Certificate

  >  Upon receiving Approval Intimation from bank , apply for various

      permissions on eBiz web site , quoting Bank Approval Number

*  Role of ASSOCHAM / FICCI / CII etc

 >  Encourage their manufacturing member firms to take on the

     task of preparation of DPRs and follow up

>   Publish DPR reports on their web sites for free downloading

>   Constitute State-wise " Hand-holding Teams " of retired

     executives having " Manufacturing " experience , to guide the

     local GET applicants in obtaining all permissions from various

     State Authorities

*  Role of eBiz web site

  >  To make available in public domain , all investment related

       applications , and progress status of each

*  Role of State Governments

  >  To keep track of those eBiz investment applications where

       the State is the proposed manufacturing location

  >   Pro-actively reach out to such applicants for expediting their

       proposals

All of the above need not / must not take months to materialize !

If it takes any longer , millions of India's jobless will overthrow the governments in power !

We don't need an Oracle to tell us what future holds for us !

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hemen  parekh

16 Sept  2015

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