New Delhi, Sept. 25 (ANI): Prime Minister Narendra Modi will launch the NDA Government’s “Make in India” initiative today with the objective of making the country a manufacturing hub for domestic and foreign companies.
During his Independence Day speech on August 15, Prime Minister Modi had appealed to the people the world over to come and make in India and sell their products in any country of the world.
He had then asserted that India has the skill, talent, discipline and determination to achieve.
The “Make in India” initiative will act as a first reference point for guiding foreign investors on all aspects of regulatory and policy issues and assist them in obtaining regulatory clearances.
The Centre has already allowed 100 per cent Foreign Direct Investment (FDI) under the automatic route in construction, operation and maintenance in rail infrastructure projects and increased FDI in defence from 26 to 49 per cent.
It has also created a separate Department of Skill Development to equip the working age population with the right skills.
The initiative is expected to focus on job creation and skill enhancement in 25 key sectors such as automobiles, chemicals, IT, pharmaceuticals, textiles and tourism and hospitality.
It will also be aimed at identifying select domestic companies having leadership in innovation and new technology for turning them into global leaders and promoting green and advanced manufacturing.
A dedicated cell has been created to answer queries from business entities through a newly created web portal www.makeinindia.com. (ANI)