New Delhi: No separate policy or legislation is required for ‘Make in India’ initiative. ‘Make in India’ aims at projecting India as an investment destination and develop it as a global hub for manufacturing, design and innovation. Under the initiative various components have been identified which will lead to creation of a positive investment climate. These components involve improvement in Ease of Doing Business, creation of modern infrastructure, opening of new Sectors for FDI and change in the mindset of government agencies from being regulators to facilitators.
As part of Make in India initiative, 25 focus sectors have been identified in which there is an Action Plan which has been approved to encourage and promote investments in those sectors. These Action Plans envisage increase in investments in these sectors which will eventually lead to manufacturing in those sectors.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today
