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Industrial Policy

Industrial Policy

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Published by Kartikeya Tiwari
On the Industrial Policies in INDIA!!!!!
On the Industrial Policies in INDIA!!!!!

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Published by: Kartikeya Tiwari on Sep 02, 2010
Copyright:Attribution Non-commercial


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 In 1948, immediately after Independence, Government introduced the Industrial Policy Resolution. This outlined the approach toindustrial growth and development. It emphasized the importanceto the economy of securing a continuous increase in productionand ensuring its equitable distribution. After the adoption of theConstitution and the socio-economic goals, the Industrial Policywas comprehensively revised and adopted in 1956. To meet newchallenges, from time to time, it was modified through statements
Kartikeya Tiwari
Industrial Policy In 1956
Capital was scarce and the base of entrepreneurship not strong enough. Hence, the 1956 Industrial Policy Resolution gave primacy to therole of the State to assume a predominant and direct responsibility for industrial development and which had as its objective the acceleration of the rate of economic growth and the speeding up of industrialization as ameans of achieving a socialist pattern of society, in 1956 .
Kartikeya Tiwari
Industrial Policy In 1973
The Industrial Policy of 1973, inter alia, identified high-priorityindustries where investment from large industrial houses and foreigncompanies would be permitted.The policy listed out the various appendix 1 industries that could be started by large business houses so that small industries were not driven out of business. The establishment of small and medium industries was encouraged. Private industries wereencouraged to set up production units in rural areas and in backward areas with a vision to give thrust for the economic development of thoseareas.
Kartikeya Tiwari

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