The 'India Lounge', set up by the IBEF was inspired by the 'Make in India' programme. What does IBEF stand for?

Correct option is D

​The correct answer is (d) India Brand Equity Foundation.

• The India Brand Equity Foundation (IBEF) is a trust established by the Ministry of Commerce and Industry, Government of India in 1996.
• It was set up to promote and create a positive international image of Indian businesses, products, and services.
• The 'India Lounge' was introduced by IBEF as part of the 'Make in India' initiative to showcase Indian innovation, craftsmanship, and business opportunities to the global audience.

Information Booster:

• Make in India Programme:
• Launched on 25^th September 2014, this initiative focuses on transforming India into a global design and manufacturing hub by attracting investments, encouraging innovation, and fostering skill development.
• IBEF Objectives:
• Building positive perceptions of the Indian economy.
• Showcasing India's potential as a global investment destination.
• Promoting Indian exports of goods and services.