Which initiative was launched on 25 September 2014 to facilitate investment, foster innovation, build best in class infrastructure and make India a hub for manufacturing, design and innovation?​

Correct option is A

S. Ans. (a)

Sol.
The correct answer is (a) Make in India initiative.

The Make in India initiative was launched on 25 September 2014 by Prime Minister Narendra Modi to transform India into a global manufacturing hub. The initiative aims to attract both foreign and domestic investment, foster innovation, build world-class infrastructure, and make India a leader in manufacturing, design, and innovation. This initiative focuses on improving the ease of doing business, enhancing skills, and promoting India's manufacturing potential.

Information Booster:

•        The Make in India initiative aims to increase the manufacturing sector's contribution to GDP and create more jobs in India.

•        It encourages foreign direct investment (FDI) in key sectors like automobile, electronics, defense, textiles, and chemicals.

•        The initiative supports skill development and aims to create a robust manufacturing ecosystem.

•        The government has worked to simplify regulations, improve the business environment, and provide incentives for innovation and entrepreneurship.

•        As part of the initiative, India has seen an increase in FDI inflows, growth in manufacturing exports, and development of new industries.