Finance Ministry approves ₹10,000 cr for manufacturing mission
pre-market1 source ↓written by the desknot a recommendation
- fund
- ₹10,000 crore
- GDP contribution
- 12.9% to 25% by 2035
The Expenditure Finance Committee has approved a ₹10,000 crore fund for the National Manufacturing Mission, aiming to boost manufacturing's GDP contribution from 12.9% to 25% by 2035. This initiative will enhance ease of doing business, create skilled jobs, and promote greener technologies like EVs and solar energy.
This funding aligns with the government's Make in India and Atmanirbhar Bharat initiatives, potentially transforming India into a global manufacturing hub.
Not investment advice. For informational purposes only.