GS PrelimsEconomyIndustries2012

What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector? 1. Setting up of National Investment and Manufacturing Zones 2. Providing the benefit of 'single window clearance' 3. Establishing the Technology Acquisition and Development Fund Select the correct answer using the codes given below :

A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

Correct Answer: Option D

Explanation

1. Statement 1 is correct. The Government of India announced the National Manufacturing Policy (NMP) in 2011. A key policy initiative under the NMP was the setting up of National Investment and Manufacturing Zones (NIMZs). These were envisaged as large integrated industrial townships with state-of-the-art infrastructure and a simplified regulatory regime to attract investment and promote the growth of the manufacturing sector. 2. Statement 2 is correct. Providing the benefit of 'single window clearance' has been a recurring policy initiative aimed at improving the ease of doing business in India. The NMP 2011 also emphasized the need for simplifying business regulations and providing a single point of contact for obtaining clearances, thus facilitating investment in the manufacturing sector. 3. Statement 3 is correct. The National Manufacturing Policy (NMP) 2011 proposed the establishment of a Technology Acquisition and Development Fund (TADF). This fund was intended to facilitate the acquisition of appropriate technology by Micro, Small & Medium Enterprises (MSMEs) and support the development of indigenous technologies, thereby boosting the technological depth and competitiveness of the manufacturing sector. 4. Since all three were part of the Government of India's policy initiatives around that time to promote manufacturing, the correct answer includes 1, 2, and 3.

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