What is/are the recent policy initiative(s) of Government of India to promote the growth of the 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 code given below:

1. 1 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Explanation

All are correct

• National Investment and Manufacturing Zones (NIMZs) play a vital role in the National Manufacturing Policy by providing developed land and essential infrastructure to promote world-class manufacturing.
• A single-window clearance mechanism simplifies the approval process for new manufacturing units, consolidating multiple agency clearances into a single authority for quicker approvals.
• The Technology Acquisition and Development Fund (TADF) aids MSMEs in adopting clean technologies, applicable to both existing and new enterprises, including those within NIMZs, for investments made after the Scheme’s notification.

Answer: (d) 1, 2 and 3; Difficulty Level: Easy