27 Dec 2023 : PIB
PRESS INFORMATION BUREAU
27-December -2023
1. 2023 Year End Review for Department for Promotion of Industry and Internal Trade.
| Topic: GS3 – Indian Economy Critical for UPSC: Covers economic reforms, industrial growth, innovation, and policy initiatives, reflecting India’s development trajectory and governance challenges. |
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Production Linked Incentive (PLI) Scheme:
- An outlay of Rs. 1.97 lakh crore allocated for 14 key sectors.
- 746 applications approved by November 2023.
- Over Rs. 95,000 crore investment reported, leading to production/sales of Rs. 7.80 lakh crore.
- Employment generation of over 6.4 lakh and export boost of Rs. 3.20 lakh crore.
- Mobile manufacturing sees 20% value addition in 3 years.
- Import substitution of 60% achieved in Telecom sector.
- 7 times jump in turnover in the Drones sector.
Startup India Initiative:
- Over 1,14,000 startups recognized, creating more than 12 lakh jobs.
- 10,229 crore committed to 129 Alternative Investment Funds (AIFs).
- 17,272 crore invested by AIFs in 915 startups.
- Startup India Seed Fund Scheme (SISFS) approves Rs. 747 crore to 192 incubators.
- Credit Guarantee Scheme for Startups (CGSS) operationalized on April 1, 2023.
Open Network for Digital Commerce (ONDC):
- 3 million transactions in November 2023 across 600+ cities.
- 3 Lakh+ sellers and service providers active on the ONDC network.
- Mobility through ONDC live in Bengaluru, Mysuru, Kochi, and Kolkata.
- 3000 Farmer Producer Organisations (FPOs) and 400 Self-Help Groups (SHGs) onboarded.
One District One Product (ODOP):
- More than 1,200 products identified across 767 districts.
- Ekta/Unity Malls in 17 States approved with a total outlay of Rs. 2944 Cr.
Ease of Doing Business and Compliance Reduction:
- Over 3,600 compliances decriminalized and 41,000 reduced.
- Index of Industrial Production expands by 6.9% during Apr-Oct 2023.
- Index of Eight Core Industries registers robust growth of 8.6% during Apr-Oct 2023.
- Number of Patents granted witnesses eight-fold growth from 2014-15 to 2023-24.
Make in India 2.0:
- Focus on 27 sectors to make India a Manufacturing Hub.
- DPIIT coordinating Action Plans for 15 manufacturing sectors.
- Make in India 2.0 emphasizes boosting growth in 24 sub-sectors.
PM GatiShakti National Master Plan:
- 123 big-ticket infrastructure projects examined, worth Rs. 12.08 lakh crores.
- PM GatiShakti National Master Plan has 1463 data layers involving 39 Central Ministries and 36 States/UTs.
Unified Logistics Interface Platform (ULIP):
- Successfully integrates with 35 systems of 08 Ministries.
- Over 125 private companies sign NDA for supply chain visibility.
- GST data integration for end-to-end multimodal tracking of cargo.
Logistics Ease Across Different States (LEADS):
- 5th edition of LEADS annual exercise reports released in December 2023.
National Logistics Policy (NLP):
- Significant progress made in achieving NLP targets.
- 23 States have notified their respective State Logistics policies.
Foreign Direct Investment (FDI):
- India retains attractiveness for FDI, with USD 33 billion reported in FY 2023-24 (up to September 2023).
- FDI inflow in the last 9 financial years (2014-23: USD 596 billion) increases by 100% over the previous 9 years.
- FDI equity inflow in manufacturing sectors increases by 55%.
Intellectual Property Rights (IPR) Strengthening:
- India’s rank in the Global Innovation Index improves to 40th in 2023.
- Number of Patents granted witnesses eight-fold growth from 2014-15 to 2023-24.
- Number of Designs registered records a two-fold increase.
Industrial Performance:
- Index of Industrial Production expands by 6.9% during Apr-Oct 2023-24.
- Index of Eight Core Industries registers robust growth of 8.6% during Apr-Oct 2023.
2. Raksha Mantri commissions stealth guided missile destroyer INS Imphal in Mumbai; Terms it as a symbol of ‘Aatmanirbharta’ in defence.
| Topic: GS3 – Science and Technology – Indigenization of technology UPSC relevance: INS Imphal commissioning signifies strategic advancements, indigenous capabilities, and maritime prowess, crucial for national security understanding in exams. |
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More information on this news:
- INS Imphal, a Project 15B stealth guided missile destroyer, commissioned into Indian Navy, strengthening maritime power.
- Represents ‘Aatmanirbharta’ with 75% indigenous content, advanced stealth, and state-of-the-art equipment.
- Enhances India’s maritime capabilities in the Indo-Pacific region, aligning with the principle of ‘Jalmev Yasya, Balmev Tasya.’
- Commissioning ceremony attended by Raksha Mantri Shri Rajnath Singh, emphasizing the importance of naval modernization.
- INS Imphal, part of ‘Visakhapatnam’ class destroyers, symbolizes national security commitment, integrating various strengths of the nation.
- Equipped with Brahmos missiles, torpedo launchers, gun mounts, and medium-range missiles, showcasing technological prowess.
- Chief of the Naval Staff Admiral R Hari Kumar expresses confidence in INS Imphal’s deterrent capabilities and mentions plans for the fourth Project 15B destroyer ‘Surat.’
- Navy’s strategy includes countering piracy, drone attacks, and the induction of Agniveers from every district, block, and village.
- INS Imphal, named after a North-eastern city, signifies regional importance and contribution to national security.
- Shortest time frame for construction and trials among indigenous destroyers, emphasizing efficiency and record time for delivery.
- High level of indigenization reflects government’s ‘Aatmanirbhar Bharat’ initiative, showcasing India’s commitment to self-reliance.
- The ship is armed with advanced weapons, sensors, and equipped to operate under Nuclear, Biological, and Chemical warfare conditions.
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