New Delhi, Dec 20 (GCBusiness) Three textile mega clusters in Bareilly, Lucknow and Kutch are being set up, thereby benefitting 14,505 artisans.
Investment promotion activities after launch of ‘Make in India’ initiative are being undertaken by several Central Government Ministries, Departments and various State Governments from time to time.
The ‘Make in India’ initiative was launched in 2014 with the objective of promoting India as an important investment destination and a global hub in manufacturing, design and innovation.
This initiative aims to create a conducive environment for investment, development of modern and efficient infrastructure, opening up new sectors for foreign investment and forging a partnership between Government and industry through a positive mind set.
Under ‘Make in India’ initiative, six industrial corridors are being developed across various regions of the country. Industrial cities will also come up along these corridors.
India has become a net exporter of electricity – 7203 MU exported to Nepal, Bangladesh and Myanmar during 2017-18, official sources said.
One of the world’s largest 648-MW solar power plant in Tamil Nadu was commissioned on September 21, 2016.
Two path breaking prototype locomotives of WAGC3 & WAG11 class of 10,000 and 12,000 hp respectively were developed indigenously by converting existing diesel locomotive to upgraded electric locomotive.
Asia’s largest MedTech Zone (AMTZ) has been set up in Andhra Pradesh.
A total 88 cold chain projects were commissioned during June 2014 to August 2018, thereby, creating additional food processing capacity of 3.9 lakh tonnes.
Major ports in India have added capacity of 92.19 MTPA during FY 2017-18. Total turnaround time at these ports has reduced by 33 per cent from 96 hrs in FY 2014-15 to 64.32 hrs in FY 2017-18.
Initially under ‘Make in India’ initiative, action plans for 25 sectors had been prepared and which after review is now focused on 27 sectors. Department of Industrial Policy & Promotion coordinates action plans for 15 manufacturing sectors while Department of Commerce coordinates 12 service sectors.