In 2014, the Government of India extended the validity of industrial licenses to as much as __________ years from three to encourage domestic manufacturing.

Correct option is D

The correct answer is: (d) seven

Information Booster:

1. Reason for Extension:

   • Large-scale industrial projects often take longer to set up due to complex planning, infrastructure development, and regulatory clearances.
   • The extension provided industries with more time to establish their operations without the need for frequent renewals of licenses.

2. Part of "Make in India" Initiative:

   • This reform aimed to attract domestic and foreign investment to bolster India’s manufacturing sector.
   • It aligned with the goal of making India a global manufacturing hub.

3. Provisions for Exceptional Cases:

   • In certain cases, the validity could be extended by an additional 3 years, making the total duration 10 years.