In order to encourage technologies like artificial intelligence AI the internet of things iot and vi...........

In order to encourage technologies like artificial intelligence (AI), the internet of things (iot) and virtual reality (VR), the government is planning to launch a scheme to invite foreign companies through a transparent bidding process, to set up plants for manufacturing semi-conductors, solar photo voltaic cells, lithium cell batteries, solar electric charging vehicles, computer servers, and laptops in India.

Identify the type of plan being described in the above lines.

Method

Strategy

Programme

Objective

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Explanation:

- Method: Refers to a systematic or established way of doing something. It involves the specific steps or procedures used to accomplish a task or solve a problem. This is not about inviting foreign companies.

- Strategy: This is a plan of action designed to achieve a long-term or overall aim. It involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions. It's broader than a method.

- Programme: This refers to a set of planned activities with specific objectives, often involving organized efforts and resource allocation. It usually includes multiple projects or initiatives working towards a common agenda.

- Objective: This is a specific result that a person or system aims to achieve within a time frame and with available resources. Objectives make the strategy actionable.

The correct answer:

- Option 2: Strategy is the appropriate choice, as inviting foreign companies through a bidding process to boost technology setups aligns with a long-term strategic plan.