Prelims 2012 · Economy · Question 34
What is/are the recent policy initiative(s) of Government of India to promote the growth of manufacturing sector?<br/>1. Setting up of National Investment and Manufacturing Zones.<br/>2. Providing the benefit of 'single window clearance'.<br/>3. Establishing the Technology Acquisition and Development Fund.<br/><br/>Select the correct answer using the codes given below:
Answer
1, 2 and 3
1. Setting up of National Investment and Manufacturing Zones — Correct. NIMZs were proposed under the National Manufacturing Policy, 2011 to promote large manufacturing hubs.
2. Providing the benefit of 'single window clearance' — Correct. The policy framework for manufacturing/NIMZs provided for simplified clearances through a single-window mechanism to ease investment.
3. Establishing the Technology Acquisition and Development Fund — Correct. The National Manufacturing Policy also proposed a Technology Acquisition and Development Fund to help MSMEs acquire clean and green technologies.
Hence, all three are policy initiatives to promote manufacturing growth.