2015 · Q63
Which one of the following statements with regard to the 'Make in India' initiative of the Government of India is not correct?
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- AIn order to guide the foreign investors, a body named 'Invest India' has been created
- BThe Government has identified key sectors with potential to attract investment
- CThe initiative also aims to identify selected domestic companies having leadership in innovation and new technology for turning them into global champion
- DThe programme is being implemented by the Ministry of Finance
Explanation
The Make in India initiative is implemented by the Department of Industrial Policy and Promotion under the Commerce Ministry, not by the Ministry of Finance. Invest India was created to guide investors, key sectors were identified, and nurturing domestic champions was indeed an aim. Hence the Finance Ministry statement is the one that is not correct.