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What is not true about Make in India?
  • a)
        It was launched on September 25, 2014 to invite foreign investors to invest in India.
  • b)
        It recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.
  • c)
        Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication.
  • d)
        It has identified 25 sectors in manufacturing, infrastructure and service activities
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What is not true about Make in India?a) It was launched on September 2...
Answer: a
Explanation: The Prime Minister of India launched the ‘Make in India’ global initiative on September 25, 2014 to invite both domestic and foreign investors to invest in India. The initiative was simultaneously launched in the capital of all states and in several Indian Embassies/High Commissions where timezones permitted. Few other Indian Embassies also organized ‘Make in India’ interactions after the launch.
The ‘Make in India’ initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. The four pillars are:
(i) New Processes: ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship. A number of initiatives have already been undertaken to ease business environment.
(ii) New Infrastructure: Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication. Innovation and research activities are supported through fast paced registration system and improved infrastructure for IPR registration. The requirement of skills for industry are to be identified and accordingly development of workforce to be taken up.
(iii) New Sectors: ‘Make in India’ has identified 25 sectors in manufacturing, infrastructure and service activities and detailed information is being shared through interactive web-portal and professionally developed brochures. FDI has been opened up in Defence production, Insurance, Medical devices, Construction and Railway infrastructure in a big way.
(iv) New Mindset: In order to partner with industry in economic development of the country, Government shall act as a facilitator and not a regulator.
 
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What is not true about Make in India?a) It was launched on September 25, 2014 to invite foreign investors to invest in India.b) It recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.c) Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication.d) It has identified 25 sectors in manufacturing, infrastructure and service activitiesCorrect answer is option 'A'. Can you explain this answer?
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What is not true about Make in India?a) It was launched on September 25, 2014 to invite foreign investors to invest in India.b) It recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.c) Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication.d) It has identified 25 sectors in manufacturing, infrastructure and service activitiesCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is not true about Make in India?a) It was launched on September 25, 2014 to invite foreign investors to invest in India.b) It recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.c) Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication.d) It has identified 25 sectors in manufacturing, infrastructure and service activitiesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is not true about Make in India?a) It was launched on September 25, 2014 to invite foreign investors to invest in India.b) It recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.c) Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication.d) It has identified 25 sectors in manufacturing, infrastructure and service activitiesCorrect answer is option 'A'. Can you explain this answer?.
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