K M Panthaki, Director, Bakshi Chem-pharma Equipments Pvt. Ltd.

June 26, 2014 4:42 am

With single window clearances, better facilities and less number of government departments to deal with regarding permission, licenses, taxation and better infrastructure facilities, India can become a manufacturing hub
 Single window clearances and simplified taxation to show way
Bakshi Chem-pharma Equipments Pvt. Ltd. is manufacturer and supplier of aluminium pharma tanks, distillation columns, pressure vessels, reaction vessels, reboilers, heat exchangers, agitators, silos and skid mounted units. K M Panthaki discusses mainly about what should be done from government side to make India a manufacturing hub.
How to become so?If Indian manufacturing sector is aiming to be a global hub, it needs to have some things in favour of it. With single window clearances, better facilities and less number of government departments to deal with regarding permission, licenses, taxation and better infrastructure facilities, India can become a manufacturing hub. Government departments should clear the files in a stipulated time frame as well. Boosting factorsThe biggest factor is availability of skilled labour force, trained engineers, educated operators and latest technologies to compete globally. There are many Industrial Training Institutes (ITIs) but not with enough capable and quality teaching facilities. Hence, government should boost ITIs financially to enable them to recruit experienced teaching staff to impart sound and practical knowledge of the subjects.
Government should encourage SMEs as well by providing liberal financial assistance and raw materials at concessional rates. To reduce the burden to some extent, local taxes such as octroi, LBT should not be levied on them.
Today’s scenarioDomestic demand must support and encourage manufacturing in India. Actually this domestic demand has to be large enough to bring manufacturing to a certain level from which local manufacturers can look at export markets in the developed countries.
Modification expected from new governmentSome modification in the policies is expected from the new government. Government should reduce multi-point taxation and multi-level regulations so that the manufacturer can focus on his primary efforts of manufacturing. Today, a business enterprise has to deal with more than 40 government agencies. Industry at present is strangulated by various government rules, regulations and controls at various stages of manufacturing.
The new government should clear the projects which are held up for one reason or the other. It is a sorry state of affairs that there is no major infrastructure project for the last one and half years due to which there is a mass retrenchment in industries and offices too. The project consultants are also not having projects whereby they were forced to lay off their staff. Due to the absence of projects, the manufacturing units and factories have become football grounds. These are also the reasons of unemployment in our country. Government should pay attention towards all these issues.
Roadmap for Bakshi Bakshi Chem-pharma wants to concentrate more on bringing in new productive technologies and be globally competitive to be able to develop export markets. It also hopes that the industrial climate will be more conducive to investment and production provided new government relaxes controls and move faster to give boost to the industries and economic growth.