What is Make in India?
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.
Requirements for Make in India Certification
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.
Process to Register a Start-Up Business in India
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:
- Choose a Business Structure: – First and foremost, choose whether your startup is to operate as a sole trader, partnership, LLP or a private limited company.
- Register with the Ministry of Corporate Affairs (MCA): – This requires that you register your business with the MCA in other to get a unique corporate identification number (CIN). Registration can be done online through the MCA portal.
- Get a Digital Signature Certificate (DSC): – A DSC is expected to upload online documents. The blessings can be received through authorized agencies in India.
- Apply for PAN and TAN: – Obtain PAN and TAN for tax-related purposes such as tax identification numbers.
- Register for GST: – Again, if the turnover in your business exceeds the GST exemption limit you are required to register for Goods and Services Tax (GST).
- Quality Control Lab Report: – Product samples must be tested in an AGMARK-approved laboratory, and the report submitted with the application.
- Apply for Startup India Registration: – Some benefits of ‘Startup India’ include, tax incentives, funding, and business facilitation. To avail of Startup India registration, you need to log on to the Startup India Portal.
Process of Getting Permission for the "Make in India" Logo
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:
- Complete the Make in India Registration: – Get your manufacturing business associated with the Make in India initiative.
- Verify Manufacturing Operations: – Your company needs to prove that it is involved in the production of products in India either directly or through associates.
- Apply: – Apply to the Ministry of Commerce and Industry and request permission to use the logo from the Make in India logo. This application should contain information about your manufacturing line and goods.
- Approval: – After a review if your products meet certain requirements then you will be allowed to affix the logo to your products.
How to Register for Make in India (MII Registration)?
The Make in India registration (or MII registration) is a relatively simple process that involves the following steps:
- Visit the Official Website: – Make sure to register on the Make in India website to start the entire registration process.
- Create an Account: – Self-register the company with the portal using simple company details like the name, registration number as well as the type of business you are in.
- Fill in the Registration Form: – Provide company information about your manufacturing activities, products, and business strategy through the online registration form.
- Upload Necessary Documents: – Attached here are the necessary papers which should include legal registration of the company, proof of manufacturing as well as any other certificate that can affirm the reality of the company’s operation.
- Payment of Fees: - There could also be a small charge based on the type of your application and business if any.
- Approval: - Application and documentation will be submitted to the authorities for approval after the form has been filled out. Upon its approval, you shall be issued with Make in India certification.
Make in India Certificate / (MII Certificate)
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:
- To prove your authenticity in the market you should market your business as a Make in India brand which will increase the credibility of your business both on the domestic and foreign market.
- Get access to the planned governmental programs, financial support, and tax incentives.
- Be preferential in details when it comes to procurement from the government.
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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