Consider the following statements about National Capital Goods Policy 2016:

  1. The Policy envisaged manufacturing sector to contribute 25% to GDP and create 100 million jobs
  2. It envisages 'Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)' with a view to enhance the export of Indian made capital goods

    Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements
To boast the Make in India Initiative the Policy enables a pilot scheme for 'Heavy Industry Export & Market Development Assistance Scheme (HIEMDA)' with a view to enhance the export of Indian made capital goods. The Policy envisages manufacturing sector to contribute 25% to GDP and create 100 million jobs.

This question is a part of GKToday's Integrated IAS General Studies Module