gs1medium

What is/are the recent policy initiative(s) of Government of India to promote the growth of the manufacturing sector?

  1. 1.Setting up of National Investment and Manufacturing Zones
  2. 2.Providing the benefit of 'single window clearance'
  3. 3.Establishing the Technology Acquisition and Development Fund.

Select the correct answer using the codes given below:

  1. A.1 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: D. 1, 2 and 3

The National Investment and Manufacturing Zones (NIMZs) were established to promote large-scale manufacturing and associated economic activities. The concept of 'single window clearance' aims to streamline regulatory processes, making it easier for businesses to obtain necessary approvals and licenses. The Technology Acquisition and Development Fund was created to facilitate the acquisition of indigenous and foreign technology, thereby boosting the technological capabilities of the manufacturing sector. All three initiatives were key components of government policy to enhance industrial growth.

Source: UPSC gs1 2012

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