Inventors & World Industry are driven by CONSUMER DEMAND, Existing & Future, World Governments Facilitate Industry toTARGET THEIR GOALS, Protecting Their Investments in R&D Through Patents IPR, Enforcing QUALITY STANDARDSand Protect Consumers Against Poor Service & Products and to meet DEMAND of billions of people Industry INVENT & INTRODUCE IMPROVED & AFFORDABLE PRODUCTS all the time invest over $1,500b On R&D annually alone.
India KILLED R&D in India By CRIPLLING PATENT OFFICE is Annexed. India Get Just 4% of World FDI For 18% Population & Nothing in Critical Sectors, High Tech GLOBAL Manufacturing & R&D Based Companies That Have Fastest Growth & Maximum Profit Margins Are ABSENT – GOI YET TO SUPPORT Indian INVENTORS, FOR R&D STARTUPS $400m PROVIDED REQUIRED $60,000m.
2008-09 GDP Rs.53,03,567 Cr – FDI $41.8b,
2015-16 GDP Rs.1,30,00,000 Cr – FDI $39b [Jan-Dec2015]
$100b FDI Was Expected FY16- $200b FDI Required
Ø CONSTRUCTION DEVELOPMENT: TOWNSHIPS, HOUSING, BUILT-UP INFRASTRUCTURE
Attracted just Rs.673 Cr FY16 so far which is not even the cost of a Flyover. BAD Policies in two years Killed Construction Industry. Other sectors Attracted Jan-Dec2015 >>
Ø TELECOMMUNICATIONS: attracted just $1072 millions,
Ø AUTOMOBILE: $1781 million,
Ø CHEMICALS: $1197 millions,
Ø DRUGS & PHARMACEUTICALS: $352 million.
Ø POWER: $650 million,
Ø HOTEL & TOURISM: $950 million
Ø AIRLINES: Almost nothing,
Ø FOOD PROCESSING: Almost Nothing,
LUNATICS in FDI POLICY
1.] Agriculture: FDI was allowed in Farming – Not allowed to Own Land & Food Processing.
a) Floriculture, Horticulture, Apiculture and Cultivation of Vegetables & Mushrooms under controlled conditions; b) Development and Production of seeds and planting material; c) Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture, under controlled conditions; and d) Services related to agro and allied sectors Note: Besides the above, FDI is not allowed in any other agricultural sector/activity
2.] Manufacturing: FDI doesn’t allow GLOBAL SCALE Factories /IMPORT SUBSTITUTION.
FDI in MSEs (as defined under Micro, Small And Medium Enterprises Development Act, 2006 (MSMED, Act 2006)) will be subject to the sectoral caps –
3.] INDUSTRIAL PARK: FDI allowed in more than 10 Industrial Units.
(i) it would comprise of a minimum of 10 units and no single unit shall occupy more than 50% of the allocable area; (ii) the minimum percentage of the area to be allocated for industrial activity not be less than 66% of the total allocable area.
4.] TRADING: 100% FDI Permitted in SINGLE BRAND WITH RESTRICTIONS
Cash & Carry Wholesale trading/Wholesale trading, would mean sale of goods/merchandise to retailers, industrial, commercial, institutional or other professional business users or to other wholesalers and related subordinated service providers.
(1) Foreign Investment in Single Brand product retail trading is aimed at attracting investments in production and marketing, improving the availability of such goods for the consumer, encouraging increased sourcing of goods from India, and enhancing competitiveness of Indian enterprises through access to global designs, technologies and management practices.
(a)Products to be sold should be of a ‘Single Brand’ only. (b)Products should be sold under the same brand internationally i.e. products should be sold under the same brand in one or more countries other than India. (c) ‘Single Brand’ product-retail trading would cover only products which are branded during manufacturing.
(e) In respect of proposals involving FDI beyond 51%, sourcing of 30% of the value of goods purchased, will be done from India, preferably from MSMEs, village and cottage industries, artisans and craftsmen, in all sectors.
5.] MULTI BRAND TRADING: 51% FDI Limit Had to Invest BACK END, Indians Front End, Why Can’t FDI Limit Be 100% and Farmers Develop Back End, Foreign Entity Front End.
(1) FDI in multi brand retail trading, in all products, will be permitted, subject to the following conditions: (i) Fresh agricultural produce, including fruits, vegetables, flowers, grains, pulses, fresh poultry, fishery and meat products, may be unbranded. (ii) Minimum amount to be brought in, as FDI, by the foreign investor, would be US $ 100 million. (iii) At least 50% of total FDI brought in the first tranche of US $ 100 million, shall be invested in ‘back-end infrastructure’ within three years,
6.] CONSTRUCTION DEVELOPMENT: TOWNSHIP, HOUSING, BUILT UP INFRASTRUCTURE
(i) It is clarified that FDI is not permitted in an entity which is engaged or proposes to engage in real estate business, construction of farm houses and trading in transferable development rights (TDRs).
India Ought to Have Attracted $200b FDI and World’s Best Companies & Exports Over $1000b But Nothing Happening, Most Sectors Are SHUTTING Down, Infrastructure, Housing, Manufacturing, Agriculture, Water Have Already Crippled.
India is IMPORTING Products from All Over The World, in Rural India Even 20 Yrs Old BPL/VIDEOCON TV, Washing Machines, Fridges, Water Purifiers Were Serviced, AVOIDING Imports – Tens of Millions Are Losing Jobs – Growing IMPORT Dependent.
USA Rank 5th In Equity Investment Just $17.2b by Dec 2015, 4th Rank Japan $19.4b, UK 3rd Rank $22.7b, Germany $8.4b, S. Korea Rank 14th Invested $1.67b, Canada Rank 27th Invested $0.6b.
Mauritius & Singapore Invested 50% of Equity.
India PREFERRED INDIRECT ROUTE OF FDI.
‘STARTUPS $400m PROVIDED REQUIRED $60b/Yr.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
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