NEW

INDUSTRIAL
POLICY Rajesh 5026
MBA-11 Sem.
INDUSTRIAL
POLICY
“Industrial policy means the procedures,
principles policies, rules and regulations
which control such industrial enterprises and
shape the patter of industrialization”.
INDUSTRIAL POLICY
RSOLUTION
1991
1980
1977

1956

1948
 INDUSTRIAL POLICY
1948
MIXED ECONOMY
1)Classification of industries .
Public sector
Public-cum private sector
controlled private sector
private and cooperative sector
2)Role of foreign capital
3)Cottage and small scale industries
INDUSTRIAL POLICY
1956
 Public sector (17 industries)
 Public cum private sector (12 industriesq)
 Fair treatment to private sector
 Small scale and cotton industries
 Balanced regional growth
 Foreign capital
 INDUSTRIAL POLICY
1977
Development of small scale industries
 Appropriate technology
 Roll of large scale industries
 Licensing
 Role of public sector
Foreign and domestic technology
 Sick industries
INDUSTRIAL POLICY
1980
Optimum use of production capacity
Liberal licensing policy
Export oriented industries
Infrastructure
Balanced growth
Price stability
NEW INDUSTRIAL POLICY
RESOLUTION
_ 1991
The new industrial policy emphasis on
direct foreign investment , international
competitiveness, reducing the load of
public sector , utilise the capability of
entrepreneurs, assign right area for public
sector undertaking ,welfare of worker and
introduce liberalization.
 O BJ EC TI V E
Contraction of public sector
Delicensing (amendment 1991)
Abolition of registration
Foreign investment
Organization of boards
Technical experts /foreign
 Public enterprising incurring loss
 Establishment of industries
 Govt. encouragement
 Freedom from administrative
control
 Reservation for small scale
industries
 Import facilities
 Concession from monopolies Act
 CRITICISM
Foreign capital
Public sector policy
MRTP provision
Overlooking unemployment
No exit provision
Labour problems
Little role of research and development
Uncertain prospects for small industries
IN “WORDKED BANK’S” latest report
“DIONG BUSINESS 2008” INDIA has been
placed at 120 position, showing gradual
improvement in the ranking from 138 in
2006 to 120 in 2008.

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