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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

PM Narendra Modi launches 'Make in India' campaign

Prime Minister Narendra Modi on Thursday launched his pet “Make in India” campaign to put India prominently on the global manufacturing map and, in turn, facilitate the inflow of new technology and capital, while creating millions of jobs. The ambitious scheme, that also puts in place the logistics and systems to address in a timely manner queries of potential investors, was unveiled along with a logo, a portal and brochures on 25 identified growth sectors before Who’s Who of the corporate world from India and abroad at the Vigyan Bhavan conference complex in New Delhi. The event was watched live in several cities in India and abroad via video conferencing.
The prime minister said for him the term FDI for the domestic industry did not expand to “foreign direct investment” but “first develop India”. “We have to create opportunities of employment. If the poor get jobs the purchasing power of families will increase.” Pointing to campaign logo, he said: “This is the step of a Lion… Make in India.”