×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 24 July, 2021

  • 12 Min Read

Government initiatives to boost Industrial Manufacturing

Government initiatives to boost Industrial Manufacturing

The government of India has taken several steps to improve the quality standards of products manufactured under the AatmaNirbhar Bharat Campaign. These inter alia include:

  • Quality Control Orders (QCOs): Since the announcement of AatmaNirbhar Bharat campaign, Central Government through its various Ministries/Departments has notified 156 products under compulsory BIS certification through issuance of QCOs. As per these QCOs, the products specified therein shall conform to the requirements of relevant Indian Standards and bear a Standard Mark under a license from Bureau of Indian Standards.
  • Production-Linked Incentive (PLI) Scheme: To provide a major boost to manufacturing, Government has launched Production Linked Incentive (PLI) Scheme for 13 sectors with an outlay of Rs 1.97 lakh crore over the next five years.
  • Udyog Manthan: DPIIT in collaboration with D/o Commerce, QCI, NPC, Bureau of Indian Standards, Industry Chambers and line ministries conducted Udyog Manthan, a two- month long series of webinars comprising 46 sessions, focused on Quality and Productivity in all major sectors of manufacturing and services.

The steps taken by Government to uplift the startups and to promote ‘vocal for local’ campaign are as under:

  • Government of India has extended relaxations on prior experience, prior turnover and earnest money deposit as per the provisions of GFR to ease public procurement fromstartups.
  • Government of India has taken up Fund of Funds for Startups (FFS) Scheme and Startup India Seed Fund Scheme (SISFS) to uplift the startups in the country . The objectives of Fund of Funds scheme include accelerating innovation driven entrepreneurship and business creation, mobilizing larger equity- like resources for startups. The SISFS aims to provide financial assistance to startups for proof of concept, prototype development, product trails, market entry and commercialization.

The steps taken by Government to help startups and other local manufacturers in using the e- Commerce and online platforms are as under:

  • Government e-Marketplace (GeM) is set up for providing an online platform for procurement of common use goods and services by government organizations. Any entity including DPIIT recognized startups can register on GeM as sellers and sell their products and services directly to government entities.
  • Startup Runway is developed by GeM in collaboration with DPIIT, which is a unique initiative for promoting entrepreneurship through innovation. It has been developed as a dedicated platform for startups to list their products and services for government procurement with relaxed procurement norms and regulations.

Source: PIB


World bank logistic performance index 2023

India is now ranked 38th out of 139 nations in the Logistic Performance Index (LPI) 2023 of the World Bank. From its previous rankings of 44th in 2018 and 54th in 2014, this is a notable improvement. Earlier, the Logistics Ease Across Different States (LEADS) Report 2022 was published by the Ministry of Commerce and Industry. About Logi

Smuggling of Gold

Airports discovered more than 63% of this illegal gold. The Department of Revenue Intelligence recently conducted the Golden Dawn Operation across India, seizing 101.7 kg of illegal gold valued at Rs 51 crore. Despite the fact that India receives a legal import of about 800-1,000 tonnes of gold each year, the illicit market is thought to be

India-Thailand Relations

Both parties expressed satisfaction with the ongoing bilateral defence cooperation at the 8th India-Thailand Defence Dialogue, which was held in Bangkok, Thailand. Cultural ties and mutual cooperation that have been shaped by thousands of years of lasting historical and cultural ties characterise India and Thailand relations. Highlight

Translocation of Elephants

The Kerala government's appeal of the order of the Kerala High Court is rejected by the Supreme Court. The Kerala government's appeal against the Kerala High Court's directive to move Arikomban (Wild Elephant), the "rice tusker" of Munnar, to the Parambikulam tiger reserve was recently dismissed by the Supreme Court.

Global Buddhist Summit

Global Buddhist Summit In order to improve diplomatic and cultural ties with other nations, the Ministry of Culture recently organised the First Global Buddhist Summit 2023 in collaboration with the International Buddhist Confederation (IBC). About the summit "Responses to Contemporary Challenges: Philosophy to Praxis" is

Toppers

Search By Date

Post Feed

Newsletter Subscription
SMS Alerts

Important Links