Make in India certificate is now mandatory for MSMEs to participate in Government tenders as the Government encourages Manufacturers and service providers through various schemes and policies.
The focus of the Make in India programme is on 25 sectors. These include automobiles, automobile components, aviation, biotechnology, chemicals, construction, defence manufacturing electrical machinery, electronic systems, food processing, IT & BPM, leather, media and entertainment, mining, oil and gas, pharmaceuticals, ports and shipping, railways, renewable energy, roads and highways, space, textile and garments, thermal power, tourism, and hospitality and wellness. The programme also aims at improving India’s rank on the Ease of Doing Business index by eliminating unnecessary laws and regulations, making bureaucratic processes easier, and making the government more transparent, responsive, and accountable.
Make in India is a major national programme of the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. The programme is designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build best-in-class manufacturing infrastructure in the country.
The following documents are required to prepare the Make in India (MII) certificate.
- GSTIN certificate.
- Gem OEM certificate.
- Purchase bill for the supplier.
- Purchase bill of machines, tools & other critical equipment used in the manufacturing process.
- Details of components that have been used in the making of a product.
- Monthly manufacturing capacity
- Monthly utilization capacity
- Manufacturing floor diagram
- Details of documentation of the product
- Break-up of raw materials used in the manufacturing
- Percentage of calculation of Indian and overseas components
- Verified and certified by authorised Chartered Accountants (CAs).
The professional fee for preparing make in India is Rs.7499/- and for urgent requirements, they charge Rs.9999/=
The dedicated website for this initiative (www.makeinindia.com) not only showcases the 25 sectors but also puts focus on opportunities, policies, and Ease of Doing Business. The Investor Desk is an integral part of this website, which aims at providing all information/data analysis to investors across sectors.
Contemplating the role of this sector in Employment generation, promotion of entrepreneurship, regional development, export promotion, innovation, reduction of income disparities, and support for large industries, the Government of India along with the Reserve Bank of India launched the following initiatives.
The below schemes help businesses in the MSME sector and are expected to contribute largely to India’s economic growth.
| Prime Minister’s Employment Generation Programme (PMEGP) | Trade Receivable Discounting System (TReDS) |
| Pradhan Mantri Mudra Yojna (PMMY) | Emergency Credit Line Guarantee Scheme (ECLGS) |
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