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Q128 (UPPCS/2022) Economy › Industry, Infrastructure & Investment

Which of the following statement(s) is/are correct about 'Make in India' Programme ?
1. 'Make in India' Programme was launched in the year 2014.
2. It aims at encouraging companies for manufacturing in India and facilitating investment.
Select the correct answer from the code given below.
Code :

Explanation

The 'Make in India' initiative was launched by the Prime Minister of India on September 25, 2014. Its primary objective is to transform India into a global design and manufacturing hub. The program aims to encourage both domestic and foreign companies to manufacture their products within India, thereby boosting the secondary sector. It focuses on facilitating investment, fostering innovation, enhancing skill development, and building best-in-class manufacturing infrastructure. The initiative is based on four pillars: New Processes (Ease of Doing Business), New Infrastructure, New Sectors (identifying 27 sectors), and New Mindset (government as a facilitator rather than a regulator). Since both statements accurately reflect the launch year and the core objectives of the program, option A is correct.

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