How to turn 12 million persons entering our work-force
each year from being job-seekers to becoming job-creators ?
At the conceptual level , this was well-answered in BJP
poll manifesto as :
" Encourage and
empower our youth for Self Employment - incubating entrepreneurship as well as
facilitating credit "
How to translate this
policy into specific actions ?
May be the clue lies in
the following incidence :
After getting a
post-graduate degree in engineering from USA , when I returned to India in 1959
, my father took me to meet Shri Manubhai Shah , the then Minister for Industry in Union
Government
My father inquired if
Manubhai could give me a job in government
Manubhai answered :
" Chunibhai , I
have no job for your son .
Let him set up a factory and manufacture
fractional horse power motors of which India is currently importing some 3000
per year
We will ,
> Immediately
issue to him , an Industrial License
> Allot
him a factory-shed in Rajkot Industrial Estate
> Give him a loan of Rs 5 lakhs to buy
machinery "
56 years later , we are
better organized / equipped to " Institutionalize " this pioneering
thinking
Here is my suggestion :
* Role of MakeinIndia web site
>
On its web site , list 5000 products that we currently import ( with
annual import bill / sources / ave
landed cost etc )
>
Invite 1000 leading manufacturing companies of India , to make
online selection of minimum of 5 items
each, for preparing DPR
( Detailed Project Reports ) .
Freely
visible online database of who
duplication
* Role of Manufacturing Companies
>
Prepare and submit to Ministry of Commerce, at least 5 DPR by
Dec 2016 . More the
merrier ! Earlier the better !
>
Each report must carry , name of at least one bank which has
accepted that as a " Bankable Report " , eligible for funding
> Train at least 100 fresh engineering
graduates in various
manufacturing related functions under GET ( Graduate
Engineer
Training ) Scheme , each year
* Role of Ministry of Commerce
>
Publish DPRs on its web site for free downloading
* Role of Income Tax Department
> Give
200 % tax deduction to existing manufacturing units for 2
years , for employing fresh engineering
graduates on their rolls ,
under :
"
Graduate Engineers Training Subsidy Act - 2015 "
( to be enacted )
This
will motivate manufacturing units to impart manufacturing
related experience to fresh engineering
graduates before they
venture to set up own MSME factories
>
Admit expenses incurred by manufacturing units for preparation of
DPR ,under their CSR obligation ( 2 % of ave net profit for 5 years )
>
Exempt all GET Start Ups ( registered on eBiz web site ) from
paying Corporate Income Tax for first 10 years of working
>
Exempt all GET Start Ups from GST payment , for 10 years
* Role of Fresh Engineering Graduates
>
Get GET Training Certificate from employer companies
>
Download DPR from Commerce Ministry web site
>
Apply for funding to banks , attaching DPR and GET Certificate
>
Upon receiving Approval Intimation from bank , apply for various
permissions on eBiz web site , quoting Bank Approval Number
* Role of ASSOCHAM / FICCI / CII etc
> Encourage their manufacturing
member firms to take on the
task of preparation of DPRs and follow up
> Publish DPR reports on their web sites for
free downloading
> Constitute State-wise " Hand-holding
Teams " of retired
executives having " Manufacturing
" experience , to guide the
local GET applicants in obtaining all permissions
from various
State Authorities
* Role of eBiz web site
> To make available in public
domain , all investment related
applications , and progress status of
each
* Role of State Governments
> To keep track of those eBiz
investment applications where
the State is the proposed manufacturing
location
> Pro-actively
reach out to such applicants for expediting their
proposals
All of the above need
not / must not take months to materialize !
If it takes any longer ,
millions of India's jobless will overthrow the governments in power !
We don't need an Oracle
to tell us what future holds for us !
-------------------------------------------------------------------------
hemen parekh
16 Sept 2015
B2BmessageBlaster
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