Make in India with Invest India, says Prabhu |
The government of India is mulling a new approach that institutionalises the combined strengths of its `Make In India` (MII) and `Invest India` initiatives with an aim to streamline them for attracting more investments, including from overseas, in the manufacturing The MII was unveiled in September 2014 to “transform India into a global design and manufacturing hub” while `Invest India` is the government`s investment promotion and facilitation agency. Suresh Prabhu, Commerce and Industry Minister, said they are encouraging the concerned people on the plan to combine MII and Invest India. India had a programme in Stockholm, Sweden , where India requested them that Invest India and MII can go hand-in-hand. Even in the exports sector, “new products and new markets” are being considered for incentives, adding that they are trying to work on a holistic strategy to make India a global manufacturing and export hub.
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