The “Make in India” mark registration creates branding for Indian manufacturing. Entrepreneurs can only register by applying to the Ministry of Commerce and Industry, where they prove their focus on local content and development.
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India is one of the fastest-growing economies with resources and a youth population and has not been able to completely tap into this potential. To address this, in 2014, the government of India launched Make in India, an initiative to change India into a global manufacturing hub. With foreign investment, innovation, and jobs, make in India will stimulate industrial production and raise the status of India in the global market. This initiative is crucial for harnessing the country’s untapped resources and driving sustainable economic growth.
Ease of Doing Business ranking is an important metric to be achieved in these objectives. According to the World Bank’s 2019 report, India ranked 63rd out of 190 countries. In response, Indian states are competing actively to compete for improving their rankings based on the action plan of 98 points under the Make in India initiative. States such as Andhra Pradesh, Telangana, Haryana, Odisha, Chhattisgarh, and West Bengal have led this charge and completed 44.35% of the action points together.
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Created in 2014 under the endeavor of the Indian Prime Minister Narendra Modi, Make in India is a business-friendly campaign aimed at turning India into a manufacturing powerhouse. Its main function is to attract foreign as well as indigenous actors to invest in manufacturing industries for products within the Indian territory for the overall development of the country’s industry. The initiative is for building up production capability in strategic segments like electronics, automotive sector, textiles, defense, aerospace, etc.
However, make in India also forms policies to provide incentives to foster innovation and entrepreneurship in manufacturing. In this way the government wants to provide more employment, facilitate investment and develop entire India to become more competitive in the global economy. For start-ups make in India also provides an opportunity to grow the business, to get funding and to use governmental assistance.
To be eligible for the Make in India certification, businesses must meet certain criteria. These include:
Manufacturing Setup in India: - Your business must be involved in the production of goods which is manufacture in India. It could be an Indian born venture or an MNC who is trying to venture into a manufacturing company in India.
Compliance with Local Laws: - : The business needs to follow all the legal requirements of the country –both regional and national: environmental, labour, fiscal etc.
Business Plan: - A formal and certified business plan with clear information concerning the organization type, type of products to be manufactured, the targeted market and role in boosting the Indian economy.
Investment and Employment Generation: - The business should ideally be establishment of employment and generation of investment in the country. The minimum level of investment may be set depending on the sector of the economy.
Contribution to Innovation: - There is inclination towards those sectors that focus on research and development, use of new technology or services that will add value to manufacturing sector of India.
Consult an expert at ECS India for hassle-free company registration services, ensuring compliance and smooth establishment of your business.
Registering a startup in India involves several steps, which are streamlined under the government’s Startup India program. The process is simple and can be completed in the following stages:
The Make in India logo is a symbol of quality and innovation that businesses can use to promote their products as proudly manufactured in India. To obtain permission to use this logo, the business must:
The Make in India registration (or MII registration) is a relatively simple process that involves the following steps:
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The Make in India certificate or MII certificate is awarded to companies that meet the conditions required for this program. This certificate can be used to:
The certificate serves to confirm that the product is made and produced in India thereby helping support the country’s economy and employment opportunities.
The Make in India is the best opportunity for manufacturers, for new generation entrepreneurs and Startups to establish and expand their enterprises and adding to the growth of India economy. If firms tend to follow the proper formality of registration and tend to adhere to laws regulators save many opportunities that are encouraging companies and also add value to the brands. ECS India can educate your business on how to register and become one of the “Make in India” enterprises this year.
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Our expert team of professionals is ready to guide you through the entire process, ensuring a hassle-free and smooth registration. Our goal is to make it as easy and stress-free as possible.
It normally lasts approximately between 15 to 30 days depending on the standard of the documents that had been provided as well as the speed at which the appropriate departments work.
Yes, firms that established subsidiaries and manufactures products within the territory of India are the ones that deserve to apply for the certification.
The advantages include governmental assistance, sources of finance, presence of innovation centers and a good advertising connection with the Make in India logo.
No, make in India certification is open to all forms of business entity whether a start of business or an ageing business organization.
No, the Use of Logo make in India is permitted for any products made in India and anyone violating these rules will be heavily penalized.
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