What is the 'Make in India' initiative Who supports it

Understand the 'Make in India' initiative and who is supporting it.
The 'Make in India' initiative is a program launched by the Indian government in 2014 to encourage domestic manufacturing and attract foreign companies to invest in India. The program aims to boost India's GDP and create more job opportunities for its citizens. The following are some key features of the initiative:
  • The initiative primarily focuses on 25 sectors, including automobiles, electronics, food processing, textiles, and renewable energy.
  • The program aims to make India a global manufacturing hub and improve the country's ranking in ease of doing business index.
  • The initiative provides several incentives and benefits to attract foreign companies, such as reduced tax rates, simplified compliance procedures, and fast-track approvals for licenses and permits.
  • The program also aims to promote skill development and entrepreneurship among the youth of the country.
  • Some of the companies that support the 'Make in India' initiative include Samsung, LG, Tata Group, Mahindra & Mahindra, and General Electric.
Overall, the 'Make in India' initiative is a comprehensive program aimed at boosting domestic manufacturing and attracting foreign investment to India.
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