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With reference to National Manufacturing Policy 2011, consider the following statements:
1. The policy is based on the principle of industrial growth in partnership with the states.
2. National Investment and Manufacturing Zones (NIMZs) are an important instrument of the policy.
Which of the above statements is/are correct?
1. The policy is based on the principle of industrial growth in partnership with the states.
2. National Investment and Manufacturing Zones (NIMZs) are an important instrument of the policy.
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
With reference to National Manufacturing Policy 2011, consider the fol...
• Both statements are correct
National Manufacturing Policy 2011
• The policy is based on the principle of industrial growth in partnership with the States.
• The Central Government will create the enabling policy frame work, provide incentives for infrastructure development on a Public Private Partnership (PPP) basis through appropriate financing instruments, and State Governments will be encouraged to adopt the instrumentalities provided in the policy.
• The Department has taken up the implementation of the policy in consultation with concerned Central Government agencies as well as the States.
• National Investment and Manufacturing Zones (NIMZs) are an important instrumentality of the Policy.
• These zones have been conceived as large integrated industrial townships with state-of-art-infrastructure; land use on the basis of zoning; clean and energy efficient technology; necessary social infrastructure; skill development facilities, etc. to provide a conducive environment for manufacturing industries.
National Manufacturing Policy 2011
• The policy is based on the principle of industrial growth in partnership with the States.
• The Central Government will create the enabling policy frame work, provide incentives for infrastructure development on a Public Private Partnership (PPP) basis through appropriate financing instruments, and State Governments will be encouraged to adopt the instrumentalities provided in the policy.
• The Department has taken up the implementation of the policy in consultation with concerned Central Government agencies as well as the States.
• National Investment and Manufacturing Zones (NIMZs) are an important instrumentality of the Policy.
• These zones have been conceived as large integrated industrial townships with state-of-art-infrastructure; land use on the basis of zoning; clean and energy efficient technology; necessary social infrastructure; skill development facilities, etc. to provide a conducive environment for manufacturing industries.
Most Upvoted Answer
With reference to National Manufacturing Policy 2011, consider the fol...
Explanation:
1. Principle of industrial growth in partnership with the states:
- The National Manufacturing Policy 2011 is indeed based on the principle of industrial growth in partnership with the states.
- The policy aims to enhance the share of manufacturing in GDP to 25% and create 100 million additional jobs by 2022.
- It recognizes the importance of collaboration between the central government and the state governments to achieve these goals.
2. National Investment and Manufacturing Zones (NIMZs):
- National Investment and Manufacturing Zones (NIMZs) are a key instrument of the National Manufacturing Policy 2011.
- NIMZs are integrated industrial townships with state-of-the-art infrastructure, land use on the basis of zoning regulations, clean and energy-efficient technology, and necessary social infrastructure.
- These zones are intended to promote world-class manufacturing activities, attract domestic and foreign investments, and create employment opportunities.
Therefore, both statements are correct. The National Manufacturing Policy 2011 emphasizes collaboration between the central and state governments for industrial growth and highlights the significance of NIMZs as a crucial component of the policy to boost manufacturing in the country.
1. Principle of industrial growth in partnership with the states:
- The National Manufacturing Policy 2011 is indeed based on the principle of industrial growth in partnership with the states.
- The policy aims to enhance the share of manufacturing in GDP to 25% and create 100 million additional jobs by 2022.
- It recognizes the importance of collaboration between the central government and the state governments to achieve these goals.
2. National Investment and Manufacturing Zones (NIMZs):
- National Investment and Manufacturing Zones (NIMZs) are a key instrument of the National Manufacturing Policy 2011.
- NIMZs are integrated industrial townships with state-of-the-art infrastructure, land use on the basis of zoning regulations, clean and energy-efficient technology, and necessary social infrastructure.
- These zones are intended to promote world-class manufacturing activities, attract domestic and foreign investments, and create employment opportunities.
Therefore, both statements are correct. The National Manufacturing Policy 2011 emphasizes collaboration between the central and state governments for industrial growth and highlights the significance of NIMZs as a crucial component of the policy to boost manufacturing in the country.
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With reference to National Manufacturing Policy 2011, consider the following statements:1. The policy is based on the principle of industrial growth in partnership with the states.2. National Investment and Manufacturing Zones (NIMZs) are an important instrument of the policy.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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