Mr. Narendra Modi, Hon’ble Prime Minister of India launched “Make in India” program, a first of its kind initiative aimed at transforming India into a global manufacturing hub by inviting investors through a string of measures including easier norms and rules. Amongst a slew of measures, here are a few key ones:
- oreign investment cap in construction to be eased to enable greater participation in Government's 100 smart cities project and affordable housing scheme
- Planning to introduce a single labor law for small industries by December
- Focus on job creation and skill enhancement in 25 key sectors like automobiles, renewable energy, mining, pharmaceuticals, electronics etc.