This exhaustive publication was compilation of Economic History, Trade policies, various programs of Indian Government and list of recommendations brought by Research Committee of The Institute of Chartered Accountants of India. This handbook provide guidance in respect of potential for Import Substitution Industries in India.
Core Product Analysis for ISI includes, (a) Chemicals & Petrochemicals, (b) Automobile & Automobile Components, (c) Drugs & Pharmaceuticals and (d) Electronics & Consumer Appliances. This is followed by Potential Location Analysis for ISI covering (a) Mumbai – Aurangabad - Maharashtra’s New Industrial Belt, (b) Pune - A unique culmination of IT and Manufacturing, (c) NH48: Gurugram-Bhiwadi-Neemrana Corridor - India’s Oldest Auto Cluster, (d) Noida-Greater Noida-Yamuna Expressway - India’s Electronics Manufacturing Corridor, (e) Bengaluru - India’s Silicon Valley, (f) Chennai - Detroit of India, (g) Tirupati-Chennai-Nellore -The Tri-City Industrial Corridor, (g) Tirupati-Chennai-Nellore -The Tri-City Industrial Corridor, (i) Ahmedabad - India’s Emerging Auto Hub etc.
Suggestions and conclusions- Performance Incentives
Direct tax exemption on export income and Income generated directly or indirectly from indigenisation and Import Substitution Exemption for a period of five years.
Direct tax exemptions for 5 to 10 years for a foreign company wanting to set shop in India with a JV/collaboration with MSMEs.
Technology upgrade: Exemption from import duty for capital equipment for technology upgradation and innovation.
Investments made by SME to move towards sustainability and energy conservation must be incentivised.
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