The correct answer is option 4, which states that all three initiatives - Setting up of National Investment and Manufacturing Zones, Providing the benefit of `single window clearance`, and Establishing the Technology Acquisition and Development Fund - are recent policy initiatives of the Government of India to promote the growth of the manufacturing sector.

Option 1 suggests that only the first initiative is recent. This is inaccurate because all three are recent initiatives.

Option 2 implies that only the second and third initiatives are recent. But this also leaves out the first initiative, which is a recent move.

Option 3 suggests that only first and third initiatives are recent. However, this also neglects the significance of the second initiative.

Thus, the correct answer is option 4 as it correctly identifies all three initiatives as recent moves by the Government of India to promote the growth of the manufacturing sector.