CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which state approved the new Industrial Policy for 2020-2025 that aims to attract Rs 5 lakh crore investment and create about 20 lakh employment over the next 5 years?

A	Telangana
B	Tamil Nadu
C	Karnataka
D	Andhra Pradesh

Explanation:

Detailed explanation-1: -The Karnataka 2014-19 industrial policy aims to build a prosperous Karnataka through balanced, sustainable, and inclusive development of industries thereby helping to create employment opportunities. The objective of this policy is to achieve an industrial growth rate of 12% per annum.

Detailed explanation-2: -Karnataka Industrial Policy 2020 – 25 – Objectives Create at least 2 million jobs. Facilitate investments in advanced R&D, manufacturing and innovation. Maintain an annual industrial growth rate of 10% Attract investments of at least 5 lakh crore.

Detailed explanation-3: -Aim of the Tamil Nadu Industrial Policy 2021: To create employment opportunities for 20 lakh people by 2025. To increase the contribution of the manufacturing sector to 30% of GSVA by 2030. To provide special incentive package to developers of private industrial parks.

Detailed explanation-4: -The Statement on Industrial Policy 2022 has also sought to formulate a policy to enhance the quality of the made in India products by setting up a trade surveillance system, branding of Made in India products, and benchmark the country’s metrology system against international systems.

There is 1 question to complete.