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Taxmann's Cost & Management Accounting (CMA) | PRACTICE MANUAL-CUM-CRACKER

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foster innovation enhance skill development protect intellectual property and build best in class manufacturing infrastructure in the country. The ‘Make in India’ programme was launched in September 2014 soon after the Modi Government came to power. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by: Department for Promotion of Industry and Internal Trade (DPIIT) Ministry of Commerce and Industry, Government of India. The Make in India programme is very important for the economic growth of India. With this scheme, the government has increased the FDI limit in various industries to attract foreign investment and participation. The Government has established an investor facilitation center to assist foreign businesses to locate partners and sites, while a slew of measures have been initiated for domestic companies, which were revealed after Modi Government unveiled the ‘Stand Up India’ initiative in his Independence Day address in 2015. The Make in India initiatives is aimed at transforming India into a global manufacturing hub, and contained a raft of proposals to attract investments from both local and foreign corporate houses in 25 key areas it has identified, such as:

1. https://www.ibef.org/economy/make-in-india

6.3


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