INSTITUTE: Chandigarh University

DEPARTMENT: University School of Business -

MBA
Subject Name and Code: Business, Society and Law 20BAT611
Faculty Name: Dr Sandeep Singh
Assistant Professor

TOPIC OF PRESENTATION
DISCOVER . LEARN . EMPOWER
Industrial Policy 1991
 Business, Society
and Law

Course Outcomes Will be covered in this

CO Title Level lecture
Number

CO1 To understand fundamental concepts of business Remember

environment.  
CO2 To comprehend how distinct components of business Understand
environment influence on business.  

CO3 To interpret how global business environment affects Understand

domestic businesses

3
 Learning Objective

• Understanding the meaning the aspects of Industrial

Policy1991

4
Industrial Policy 1991

5
 Industrial Policy 1991
• The New Industrial Policy of 1991 comes at the center of economic reforms that
launched during the early 1990s.

• A dedicated reform policy for the public sector including the disinvestment
programme were launched under the NIP 1991.

• Private sector has given welcome in major industries that were previously
reserved for the public sector.

• the policy has given welcome to foreign investment and foreign technology.
Since 1991,
 Industrial Policy 1991
• The 1991 industrial policy contained the root of the liberalization, privatization
and globalization drive made in the country in the later period. The policy has
brought changes in the following aspects of industrial regulation:

 Industrial delicensing

 Deregulation of the industrial sector

 Public sector policy (de-reservation and reform of PSEs)

 Abolition of MRTP Act

 Foreign investment policy and foreign technology policy.

 Major Objectives of India’s New Industrial Policy
1991
 Liberalising the industry from the regulatory devices such as licenses and
controls.

 Enhancing support to the small scale sector.

 Increasing competitiveness of industries for the benefit of the common

man.

 Ensuring running of public enterprises on business lines and thus cutting

their losses.

 Providing more incentives for industrialisation of the backward areas, and

 Ensuring rapid industrial development in a competitive environment.

Industrial Policy 1991
COURSE OUTCOME
• The student will understand how 1991 industrial policy affected the
business
References
• https
://www.indianeconomy.net/splclassroom/what-are-the-features-of-n
ew-industrial-policy-of-1991
/

• https://www.allexamnotes.com/2016/04/industrial-policy/
 Suggestive reading

• Paul, J. 2018. Business Environment: Text and Cases, 4thEdition, Tata McGraw
Hill, India,

• Cherunilam, F. 2017. Business Environment: Text and Cases.26thEdition,

Himalaya Publishing, India, ISBN: 978-9352733361.

• Business Environment, 13th Edition, Pearson Education India, India, ISBN:

9788131731581.
Assessment Pattern

13
THANK YOU

For queries
Email: Sandeep.e8875@cumail.in