Civil Services Prep

Prelims 2012 · Economy · Question 34

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:

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

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.

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