The Make in India initiative aims to boost domestic manufacturing. In which year was the 'Make in India' campaign launched?
- AOption (a)
2012
- BOption (b)
2016
- COption (c)
2018
- DOption (d)
2014
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Correct answer
2014
Why this answer is correct
The Correct answer is 2014.
Key Points
- The Make in India initiative was launched on 25th September 2014 by the Government of India.
- This program was introduced by the Prime Minister of India, Narendra Modi, to transform India into a global manufacturing hub.
- The initiative aims to encourage companies to manufacture their products in India and incentivize dedicated investments into the manufacturing sector.
- The campaign focuses on job creation, skill development, and boosting domestic manufacturing.
- It targets various sectors, including automobiles, textiles, chemicals, IT, aviation, pharmaceuticals, and electronics, among others.
- Under this initiative, the government has simplified regulations and policies to attract both domestic and foreign investments.
- The campaign introduced initiatives like liberalization of FDI policy, ease of doing business, and improving infrastructure.
- The Make in India logo features a lion made of cogs, representing manufacturing strength and national pride.
Additional Information
- 2012
- This option is incorrect as the Make in India initiative was launched two years later, in 2014.
- 2016
- This year is incorrect as it marks two years after the official launch of the Make in India campaign.
- 2018
- Although this year witnessed further developments under the Make in India initiative, the campaign was originally launched in 2014.