What is the 'Make in India' initiative Who supports it
Understand the 'Make in India' initiative and who is supporting it.
- 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.
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