Government of India has launched the “Make in India” campaign on September 25, 2014 to provide investors – both domestic and overseas – a conducive environment to manufacture in India and at the same time create job opportunities. The twenty five (25) Sectors identified under “Make in India” campaign are:
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Auto Components
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Textiles
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Renewable Energy
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Construction
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Aviation
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Tourism
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IT and BPM
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Electrical Machinery
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Chemicals
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Pharmaceuticals
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Media Entertainment
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Food Processing
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Space
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Railways
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Oil and Gas
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Automobiles
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Thermal Power
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Roads
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Defence
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Biotechnology
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Wellness
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Leather
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Electronic Systems
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Ports
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Mining
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Further, as part of the Special Package for Creation & Export Promotion in Textile & Apparel Sector, Government contributes Employees Provident Fund (EPF) contribution of 3.67% in addition to paying the Employees Pension Scheme (EPS) contribution of 8.33%. Also, as part of the Special Package for Employment Generation in Leather and Footwear Sector, Government provides employers’ contribution of 3.67% to EPF and EPS contribution of 8.33 % for all new employees in Leather, Footwear and Accessories sector, enrolling in EPFO for first 3 years of their employment, on the same lines as the textiles sector.
This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in written reply to a question in Rajya Sabha today.
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DSM/SBS/KA