PRESENTATION ON BUSINESS ENVIORNMENT

TOPIC: INDUSTRIAL POLICY

INTODUCTION
The Industrial Policy plan of a country, sometimes shortened IP, is its official strategic effort to encourage the development and growth of the manufacturing sector of the economy. A country's infrastructure is a major part of the manufacturing sector that usually has a key role in the IP. The IP purports to "stimulate specific activities and promote structural change. Industrial policy of a nation is the true determinant of foreign investment as well as domestic investment.

Meaning
Industrial Policy means rules, regulations, principles, policies and procedures laid down by government for regulating, developing and controlling industrial undertakings in the country Objective of the Industrial policy should be for bringing higher growth and prosperity for a country

Objectives of the Industrial Policy

To maintain a sustained growth in productivity To enhance gainful employment To achieve optimal utilisation of human resources To attain international competitiveness

To transform India into a major partner and player in the global arena.

Main Focus

Deregulating Indian industry Allowing the industry freedom and flexibility in responding to market forces Providing a policy regime that facilitates and fosters growth of Indian industry.

Following are some important policy measures announced by the Ministry of Finance, Department of Industrial policy to pursue the above objectives are

Liberalization of Industrial Licensing Policy Industrial Entrepreneurs Memorandum Policy for Small Scale Industries Non-Resident Indians Scheme(NRI) Electronic Hardware Technology Park/ Software Technology Park scheme Policy for Foreign Direct Investment (FDI)

Liberalization of Industrial Licensing Policy

Bibliography
http://www.economywatch.com http://www.slideshare.net http://en.wikipedia.org http://dipp.nic.in