The New Industrial Policy 1991 (contd«)
bjectives of the Industrial Policy of the Government are ±
to maintain a sustained growth in productivity;
to enhance employment;
to achieve optimal utilization of human resources;
to attain international competitiveness
Development of indigenous technology through greater investmentin R&D and bring in new technology to help Indian manufacturingunits Incentive for industrialization of backward areas
nsure running of PSUs on business lines and cut their losses
Protect the interests of workers
Abolish the monopoly of any sector in any field of manufacturee
cept on strategic or security grounds.
to transform India into a major partner and player in the globalarena.