Industrial Policy of India

Industrial Policy of India Industrial Policy of India - Start

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Industrial Policy of India




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Presentations text content in Industrial Policy of India

Slide1

Industrial Policy of India

Slide2

Meaning

Industrial policy is an instrument with the help of which the state participate in the growth process.

Industrial policy includes policy regarding labour & capital , cottage and small industries, foreign capital and protection etc.

It includes rules and regulations, principles and procedures to regulate the industrial undertakings of a country in the desired direction, so as to achieve the broader objectives like industrial development, economic development, balanced regional development, increase in employment etc.

Slide3

Importance

Limited capacity of private sector

Regulation of private sector

Regulation of foreign sector

Slide4

Industrial Policy of 1948

Classification of industries:- *Public sector *Public cum private sector *Controlled private sector *Private & corporate sectorCottage & small scale industriesLabour & capital relation Attitude towards Foreign capitalPlanning commission

Main features :-

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Industrial Policy of 1956

Fair treatment to public sectorCottage & small scale industriesBalanced regional growthTechnical & managerial personnelProper amenities for labourersProper management of public enterprisesForeign capitalFlexible

Main features:-

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New Industrial Policy of 1991

Contraction of Public sectorDelicensingAbolitionForeign capitalTechnical expertsFacilities to labourers

Setting up foreign promotion boardLocation of industriesEncouragement to industries Freedom from monopolies actFacilities of import

Main features

Slide7

Implementation of policy

Contraction of public sectorExpansion of large industriesPromotion of exportsReduction in dutiesEncouragement to foreign investment Value added tax

Concessional loans for exporters

Increase in lending limits for industries

Disinvestment

Technology upgradation

Abolition of MRTP act

Setting up biotechnology cell

Slide8

EVALUATION OF INDUSTRIAL POLICY

Merits Of New Industrial Policy

Increase In Production

Promotes Liberalisation

Increase In Competition

Increase In Efficiency Of Public Sector

Balanced Regional Development

Increase In Foreign Investment

Slide9

Short Comings Of New Industrial Policy

Reduction In Role Of Public sector

Concentration Of Economic Power

Ignores Social

Objectives

Increase In Unemployment

Adverse Effect On Small-scale Industries

Slide10

SUGGESTIONS FOR MAKING NEW INDUSTRIAL POLICY MORE PRODUCTION ORIENTED

(1)

Increasing Efficiency And Profitability Of Public Sector

(2)

Increasing Competitiveness Of Private Sector

(3)

Strengthening Infrastructure

(4)

Due Attention To Small – Scale Sector

(5)

Liberalisation Of Labour Legislation


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