Regulatory reforms enabling fintech and manufacturing innovation expand incentives and reduce compliance burdens to attract investment.
Measures focus on nurturing a fintech cluster at IFSC GIFT City, incentivizing startups through dedicated funding schemes, liberalizing and regularly updating FDI policy to attract investors, and reducing compliance burdens via a centralized Regulatory Compliance Portal. Financial-sector innovation is supported by a Regulatory Sandbox and an Innovation Hub, while manufacturing competitiveness is promoted through the Production-Linked Incentive Scheme. Infrastructure and planning supports include a national multi-modal connectivity platform, a GIS-enabled industrial land bank, and a phased Industrial Corridor Programme to deliver plug-and-play industrial nodes. (AI Summary)