Know what is Atma Nirbhar Bharat India in Part 4 : Up-gradation of Industrial Infrastructure

Know what is Atma Nirbhar Bharat India in Part 4 : Up-gradation of Industrial Infrastructure 

Finance Minister Smt. Sitharaman today announced boosting private sector investment in Social Infrastructure through revamped viability Gas Funding Scheme.
Atma+Nirbhar+Bharat+India+in+Part+4
Department of Economic Affairs, 
Ministry of Finance 

Part-4: New Horizons of Growth 
16.05.2020
Government Of India 

Policy Reforms to fast-track Investment  Effort towards Atmanirbhar Bharat 
  • Fast track Investment Clearance through Empowered Group of Secretaries (EGoS). 
  • Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central/ State Governments 
  • Ranking of States on Investment Attractiveness to compete for new investments 
  • Incentive schemes for Promotion of New Champion Sectors will be launched in sectors such as Solar PV manufacturing; Advanced cell battery storage; etc. 
Upgradation of Industrial Infrastructure 
  • Scheme will be implemented in States through Challenge mode for Industrial Cluster Upgradation of common infrastructure facilities and connectivity. 
  • Availability of Industrial Land/ Land Bank for promoting new investments and making information available on Industrial Information System (IIS) with GIS mapping. 
  • 3376 industrial parks/estates/SEZs in 5 lakh hectares mapped on Industrial Information System (IIS) 
  • All industrial parks will be ranked in 2020-21 
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Policy Reforms – Introduction of Commercial Mining in Coal Sector 

Need to reduce import of sub-stitutable coal and increase Self- reliance in coal production. 

Government will introduce competition, transparency and private sector participation in the Coal Sector through : 
  • Revenue sharing mechanism instead of regime of fixed Rupee/tonne 
  • Earlier, only captive consumers with end-use ownership could bid. 
  • Now, any party can bid for a coal block and sell in the open market. 
  • Entry norms will be liberalized 
  • Nearly 50 blocks to be offered immediately. 
  • No eligibility conditions, only upfront payment with a ceiling. 
Policy Reforms – Introduction of Commercial Mining in Coal Sector 
  • Exploration-cum-production regime for partially explored blocks 
  • Against earlier provision of auction of fully explored coal blocks, now even partially explored blocks to be auctioned. 
  • Will allow private sector participation in exploration. 
  • Production earlier than scheduled will be incentivized through rebate in revenue-share 
Policy Reforms – Diversified Opportunities in Coal Sector - Investment of Rs 50,000 crores. 
  • Coal Gasification / Liquefication will be incentivised through rebate in revenue share. 
  • Will result in significantly lower environment impact 
  • Will assist India in switching to a gas-based economy 
  • Infrastructure development of Rs. 50,000 crores 
  • For evacuation of enhanced CIL’s target of 1 billion tons coal production by 2023-24 plus coal production from private blocks. 
  • Includes Rs 18,000 cr worth of investment in mechanized transfer of coal (conveyor belts) from mines to railway sidings. 
  • This measure will also help reduce environmental impact 
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Policy Reforms –Liberalised Regime in Coal Sector 
  • Coal Bed Methane (CBM) extraction rights to be auctioned from Coal India Limited’s (CIL) coal mines. 
  • Ease of doing business measures, such as Mining Plan simplification, will be taken. 
  • Mining Plan has been shortened, made amenable for loading online. 
  • To allow for automatic 40% increase in annual production. 
  • Concessions in commercial terms given to CIL’s consumers (relief worth Rs 5000 cr offered) 
  • Reserve price in auctions for non-power consumers reduced, credit terms eased, and lifting period enhanced. 
Enhancing Private Investments in the Mineral Sector 

Structural reforms to boost growth, employment and bring state-of-the-art technology especially in exploration through: 
  • Introduction of a seamless composite exploration-cum-mining-cum-production regime. 
  • 500 mining blocks would be offered through an open and transparent auction process 
  • Introduce Joint Auction of Bauxite and Coal mineral blocks to enhance Aluminum Industry’s competitiveness. Will help aluminium industry reduce electricity costs. 
Policy Reforms – Mineral Sector 
  • Remove distinction between captive and non- captive mines to allow transfer of mining leases and sale of surplus unused minerals, leading to better efficiency in mining and production. 
  • Ministry of Mines is in the process of developing 
  • Mineral Index for different minerals 
  • Rationalisation of stamp duty payable at the time of award of mining leases. 
Enhancing Self Reliance in Defence Production 
  • ‘Make in India’ for Self-Reliance in Defence Production: 
  • Notify a list of weapons/platforms for ban on import with year wise timelines; 
  • Indigenisation of imported spares; 
  • Separate budget provisioning for domestic capital procurement. 
  • Will help reduce huge Defence import bill. 
  • Improve autonomy, accountability and efficiency in Ordnance Supplies by Corporatisation of Ordnance Factory Board. 
Policy Reforms - Defence Production 
  • FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74% 
  • Time-bound defence procurement process and faster decision making will be ushered in by : 
  • Setting up of a Project Management Unit (PMU) to support contract management; 
  • Realistic setting of General Staff Qualitative Requirements (GSQRs) of weapons/platforms; 
  • Overhauling Trial and Testing procedures 
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Reduction in Flying cost Rs. 1000 crores - Efficient Airspace Management for Civil Aviation 
  • Only 60% of the Indian airspace freely available. 
  • Restrictions on utilisation of the Indian Air Space will be eased so that civilian flying becomes more efficient. 
  • Will bring a total benefit of about Rs 1000 crores per year for the aviation sector. 
  • Optimal utilization of airspace; reduction in fuel use, time. 
  • Positive environmental impact. 
More World-class Airports through PPP 
  • AAI has awarded 3 airports out of 6 bid for Operation and Maintenance on Public-Private Partnership (PPP) basis. 
  • Annual Revenue of 6 airports in 1st round - Rs 1000 crores (against current profit of Rs 540 crores per year). AAI will also get a down payment of Rs 2300 crores. 
  • 6 more airports identified for 2nd round. Bid process to commence immediately. 
  • Additional Investment by private players in 12 airports in 1st and 2nd rounds expected around Rs. 13,000 crores. 
  • Another 6 airports will be put out for the third round of bidding. 
Read also : Aatmanirbhar Bharat Abhiyan Sepcial Package 2020 आत्मनिर्भर भारत अभियान के तहत विशेष पैकेज की घोषणा
India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO) 
  • Tax regime for MRO ecosystem has been rationalized. 
  • Aircraft component repairs and airframe maintenance to increase from Rs 800 crores to Rs 2000 crores in three years. 
  • Major engine manufacturers in the world would set up engine repair facilities in India in the coming year. 
  • Convergence between defence sector and the civil MROs will be established to create economies of scale. 
  • Maintenance cost for airlines will come down. 
Tariff Policy Reform 

A Tariff Policy laying out the following reforms will be released: 

A. Consumer Rights 
  • DISCOM inefficiencies not to burden consumers 
  • Standards of Service and associated penalties for DISCOMs 
  • DISCOMs to ensure adequate power; load-shedding to be penalized 
B. Promote Industry 
  • Progressive reduction in cross subsidies 
  • Time bound grant of open access 
  • Generation and transmission project developers to be selected competitively 
C. Sustainability of Sector 
  • No Regulatory Assets 
  • Timely payment of Gencos 
  • DBT for subsidy; Smart prepaid meters 
Privatization of Distribution in UTs 
  • Sub-optimal performance of power distribution & supply 
  • Power Departments / Utilities in Union Territories will be privatised. 
  • Will lead to better service to consumers and improvement in operational and financial efficiency in Distribution 
  • Provide a model for emulation by other Utilities across the country. 
Boosting private sector investment in Social Infrastructure through revamped Viability Gap Funding Scheme - Rs 8100 crores 
  • Social Infrastructure Projects suffer from poor viability. 
  • Government will enhance the quantum of Viability Gap Funding upto 30% each of Total Project Cost as VGF by Centre and State/Statutory Bodies. 
  • For other sectors, VGF existing support of 20 % each from GoI and States/Statutory Bodies shall continue 
  • Total outlay is Rs. 8100 crores 
  • Projects to be proposed by Central Ministries/ State Government/ Statutory entities. 
Boosting private participation in Space activities 
  • Indian private sector will be a co-traveller in India’s space sector journey. 
  • Will provide level playing field for private companies in satellites, launches and space-based services. 
  • Will provide predictable policy and regulatory environment to private players. 
  • Private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacities. 
  • Future projects for planetary exploration, outer space travel etc to be open for private sector. 
  • Liberal geo-spatial data policy for providing remote-sensing data to tech-entrepreneurs. 
Atomic Energy related Reforms 
  • Establish research reactor in PPP mode for production of medical isotopes – promote welfare of humanity through affordable treatment for cancer and other diseases. 
  • Establish facilities in PPP mode to use irradiation technology for food preservation – to compliment agricultural reforms and assist farmers. 
  • Link India’s robust start-up ecosystem to nuclear sector – Technology Development cum Incubation Centres will be set up for fostering synergy between research facilities and tech-entrepreneurs.
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