How to Get a Make in India Certificate?

Introduction 

Make in India Certificate is a small initiative launched by the Indian Government in 2014, with the goal of boosting domestic manufacturing and getting more foreign investment. By obtaining an MII certificate the business can get several benefits which helps to enhance their business credibility. MII certification not only boosts companies’ growth but also strengthens the economy of India by encouraging local manufacturing and employment. We will discuss all key benefits of obtaining the Make in India Certificate in this blog. 

What is MII? 

MII Stands for Make in Certificate. It is a mandatory requirement for manufactures that recognize that manufactured products are genuinely produced within the country. This initiative is governed under the Ministry of Commerce & Industry. This certification is mainly categorized into 3 main categories according to the domestic material used in manufacturing the product. These category is as follow: 

• Class 1 Local Supplier: A supplier or service provider whose goods, services, or works offered for procurement meet minimum local content criteria of 50%.
  
  
  
• Class 2 Local Supplier: A supplier or service provider whose goods, services, or works offered for procurement meet the minimum local content criteria of 20% but is less than the local content criteria for Class 1 local suppliers prescribed at 50%.

• Non-local Supplier: A supplier or service provider whose goods, services, or works offered for procurement are less than the local content criteria of 20% prescribed for class 2 local suppliers.

7 Benefits to Make MII (Make in India Certificate) 

1. Access to Government Incentives

The companies who obtain a Make in India certificate have more preference than without having certification companies for government tenders. This initiative is eligible for many government incentives along with the tender procurement such as tax benefits, easier access to credit & financial support, and it also has many special schemes for SMEs. The MII initiative strengthened GeM by prioritizing domestic manufactured goods in government procurement, so for GeM bidding, having Make in India Certificate is essential. 

2. Enhanced Business Credibility

MII (Make in India) Certificate acts as a symbol of reliability and trust. Companies who have this certification gain a competitive edge because it ensures compliance with quality standards and is regulated under the prescribed rules and regulation. It also gains the trust of consumers and investors as well. 

3. Preferential Treatment in Government Contracts

The Indian Government and related platforms mainly support local producers/manufactures by providing them a preferential treatment in government procurement that helps to encourage domestic manufacturing. The company that has Make in India Certificate always receives preference during bidding procedure and it has high probability to secure high-value contracts. 

By encouraging local production, the policy strengthens the economy of India, increases employment, and reduces importing dependency, promoting long-term growth for local businesses and industries.

4. Boost in Domestic and International Market Recognition 

Obtaining Make in India Certificate helps to boost and enhance a company’s credibility which helps to attractact market in both local and internationally. This certification mainly serves as a proof that companies are following all the prescribed rules and regulations which helps to open doors to export opportunities. It also strengthens India’s presence in the international market as well which helps to build credibility of a business.

5. Support for FDI (Foreign Direct Investment) 

This certification plays an essential role for attractive FDI which stands for Foreign direct investment by making a favorable environment for foreign companies. Companies with MII Certificate can be reliable partners for investors globally and are also able to establish joint ventures and strategic alliances with ease. It also promotes innovation technology and infrastructure development which helps to encourage international investment in India. 

Conclusion

Make in India Certificate is an essential asset for companies or manufacturing units who want to enhance their business credibility globally. Obtaining this certificate helps to relieve several government taxation and it also helps to gain government support and expand the business reach in manufacturing support. Businesses may encourage growth and support India's economic development by utilizing the advantages of this effort. Connect with Bizfoc for getting your Make in India Certificate under the expert guidance at an affordable price. 

Frequently Asked Question 

1) What is a Make in India Certificate? 

Make in India Certificate is mandatory requirement for manufactures that recognize that manufactured products are genuinely produced within the country. 

2) How can I get a Make in India Certificate? 

For obtaining a Make in India Certificate, the applicant must register himself on the DPIIT portal, then it must match with manufacturing criteria and submit required documents. After the application filing, it goes for verification if there are no issues, it will be approved by the authority and the applicant may receive certification. 

3) What are the fees for a Make in India Certificate? 

The fees of Make in India ranges between ₹7,499 to ₹9,999 

4) What is the role of Make in India Certificate in GeM bidding? 

The Make in India Certificate plays a crucial role for GeM bidding, it will help to get more preference than non certified companies. The business that has this certification gets preferential treatment, bid ranking and higher probability to secure government tenders. 

5) What is the aim of Make in India Certification? 

Promoting local manufacturing and boosting the Indian economy is the main aim of Make in India Certification.