SECTORS RESERVED FOR PUBLIC SECTOR
- During 2014, private investment in Rail Infrastructure has been permitted.
- Consequently, at present only two industrial sectors are reserved for public sector: (i) Atomic Energy (ii) Railway Operations other than construction, operation and maintenance of the following:
- Suburban corridor projects through PPP
- High speed train project,
- Dedicated freight lines,
- Rolling stock including train sets, and locomotives/coaches manufacturing and maintenance facilities
- Railwlay Electrification,
- Signaling systems,
- Freight terminals,
- Passenger terminals,
- Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivity to main railway line,
- Mass Rapid Transport systems.
- Accordingly, now private investment in construction, operation and maintenance of above has been allowed.
INDUSTRIAL ENTREPRENEURS MEMORANDUM
- Industries not covered under compulsory licensing and not reserved for public sector was required to file an Industrial Entrepreneurs Memorandum (IEM) with the Secretariat for Industrial Assistance (SIA), Department of Industrial Policy & Promotion (DIPP).
- No industrial license is required for such exempted industries.
- Such memoranda are to be filed by non-MSME category industrial undertakings.
- Since 1998, amendments to IEMS filed have also been allowed.
- Further, in a paradigm shift in procedural changes, since May 2014, the process of applying for Industrial License and Industrial Entrepreneur Memorandum has been made totally online without human interface on 24×7 basis at the e-Biz website.
INDEX OF INDUSTRIAL PRODUCTION
- The Index of Industrial Production (HP) is a measure of industrial performance compiled and released every month by Central Statistics Office (CSO).
- IIP is a fixed weight, fixed base
- CSO revised the base year of IIP from 1993-94 to 2004-05 and the present series was launched in June, 2011.
- IIP comprises three components of industry, viz., mining, manufacturing and electricity.
- The industrial growth started decelerating from 2011-12. In 2013-14, it further slowed down to (—) 0.1%. The slowdown in industrial growth was mainly on account of negative growth recorded in the mining sector (-0.6%) and in the manufacturing sector (-0.8%).
TREND IN GROWTH OF EIGHT CORE INDUSTRIES
- The Index of Eight Core Industries (ICI) is an index which details out the growth of eight core industriese., Coal, Crude Oil, Natural Gas, Petroleum Refinery, Products, Fertilizers, Steel, Cement and Electricity.
- It is a monthly Production Index, whose movement provides an advance indication of industrial performance for the month.
- The industries included in the ICI roughly comprise 38% weight in the Index of Industrial Production (IIP).
- The overall growth of eight core industries decelerated to 3.1% in 2013-14.
