Consider the following statements about National Manufacturing Competitiveness Programme NMCP ndash ...........

Economic Affairs Industrial Policy and Industrial Growth

Consider the following statements about National Manufacturing Competitiveness Programme (NMCP) –

1. It aims at increasing global competitiveness of entire Indian manufacturing sector.

2. It envisages substantial investments towards enhancing the entire value chain by improving processes, designs, technology and market access.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

The Government has announced formulation of a National Manufacturing Competitiveness Programme (NMCP) with an aim to support the Micro, Small and Medium Enterprises (MSMEs) in their endeavor to become competitive. The objective of NMCP is to develop global competitiveness among Indian MSMEs.