- The 'Make in India' initiative was launched in 2014 to encourage companies to manufacture in India and to facilitate investment. - Statement A is correct: 'Invest India' is the national investment promotion and facilitation agency of India, operational since 2010, and it acts as a first point of reference for investors, including those interested in the 'Make in India' initiative. - Statement B is correct: The initiative initially identified 25 key sectors with high potential for growth and attracting investment. - Statement C is correct: The initiative aims to foster innovation, skill development, and protect intellectual property, which includes supporting domestic companies to become competitive globally. - Statement D is incorrect: The 'Make in India' initiative is primarily driven and implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry. While the Ministry of Finance is involved in policy formulation related to investment and taxation, it is not the nodal ministry for the overall implementation of 'Make in India'.
Which one of the following statements with regard to the 'Make in India' initiative of the Government of India is NOT correct ?
Asked in UPSC CAPF 2015 · Topic: Industrial Sector ('Make in India' Initiative and Production Linked Incentive (PLI) Schemes)
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Answer: D. The programme is being implemented by the Ministry of Finance
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