2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Italy
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Singapore
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Malaysia
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China
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Detailed explanation-1: -India has decided to set up Fast Track Mechanism in UAE to resolve issues faced by Indian businesses and investors in UAE.
Detailed explanation-2: -The mechanism will strengthen and assist bilateral efforts to increase mutual investment activities, as well as support and develop business cooperation between companies in both the countries,” the statement said.
Detailed explanation-3: -Fast Track Mechanisms are in place by DPIIT and the German Ministry of Economic Affairs and Energy (BMWi) to address issues/ grievances of companies in India and Germany. The mechanism was announced in 2019 at the 5th IGC which started meeting since 2020. The last meeting was held in January 2021.
Detailed explanation-4: -Make in India focuses on 25 different sectors. Some of the projects were initiated by globally reputed companies like Samsung, Foxconn, General Electric, Alstom, Boeing, HAL, Tata Motors, etc covering different sectors. You can read about the Make In India – Initiatives, Aims, Advantages & Challenges in the given link.
Detailed explanation-5: -The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership. Turnover should be less than INR 100 Crores in any of the previous financial years. An entity shall be considered as a startup up to 10 years from the date of its incorporation.