PM Narendra Modi promoting Make in India at the Hannover Messe industrial technology fair in 2015. The Union Cabinet’s national procurement policy will give a fillip to local manufacturing and jobs growth in the services sector. of these items, in line with the vision of ‘Make in India’,” a cabinet statement said. The national procurement policy involves purchases of at least Rs2 trillion a year and also covers autonomous bodies, government companies and entities under the government’s control. “This will make India more competitive as more foreign companies manufacture in India and choose to export from India,” he added.

Source: Mint May 24, 2017 20:03 UTC