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1. INDUSTRIAL POLICY OF INDIA
Presented by-
Kashif Alam
Bishal Sharma

2.  INTRODUCTION
 OBJECTIVES
 HIGHLIGHTS OF POLICY
 AREAS
 MERITS
 LIMITATIONS
 IMPACT OF INDUSTRIAL POLICY

3. Industrial policy means rules, regulations , principles ,
policies , and procedures laid down by government for
regulating , developing and controlling industrial
undertakings in the country. It prescribes the respective
roles of the public, private, joint and cooperative sectors
for the development of industries. It also indicates the
role of the large , medium , and small sector . It
incorporates fiscal and monetary policies, tariff policy ,
labor policy and the government attitude towards foreign
capital, and role to be played by multinational
corporations in the development of the industrial sector.

4.  Industry has played A central role in India’s
developmental effort. Industry has enjoyed A
special position as the sector that would lead
India in to modern world .It reduces
economic dependence on other countries and
generate other income needed to eliminate
poverty.

5. Nehru laid the foundation of modern India
. The goals and objectives set out for the
nation by Nehru.
 Rapid agricultural and industrial
development of our country
 Rapid expansion of opportunities for
gainful employment
 Progressive reduction of social and
economic disparity
 Removal of poverty and attainment of
self reliance

6. Industrial
policy
resolutio
n of 1948
Industrial
policy
resolutio
n of 1956
Industrial
policy
resolutio
n of 1973
Industrial
policy
resolutio
n of 1977
Industrial
policy
resolutio
n of 1980
Industrial
policy
resolutio
n of 1991

7.  Continuous increase in production
 Ensuring the equitable distribution of revenue
 Improvement of role of small and cottage
industries
 Outlined the approach to industrial growth
and development
 Emphasized the importance of securing a
continuous increase in production and
ensuring its equitable distribution.

8.  To accelerate the rate of economic growth.
 To expand the public sector, develop heavy and
machine making industry
 To increase employment opportunities
 To prevent creation of monopolies
 To expand the cottage, village, and small scale
industries
 To achieve balanced industrial development

9.  Certain structural distortions called for
policy changes in IPR 1956
 Provide for a closer interaction between the
agricultural and industrial sectors
 Identify products to be reserved for the
small scale sector: list of industries
exclusively reserved for the small scale sector
expanded from 180 items to more than 500
items.

10.  Highest priority to the generation and
transmission of power.
 Attract foreign companies in our country.

11.  Within the small scale sector, a tiny sector
was also defined with investment in
machinery and
equipment up to Rs.1 lakh & located in
towns.

12.  Proposal for special legislation to protect cottage
and household industries
 Emphasis on decentralization and role of small
scale industries.
 Prevention of monopoly and concentration of
economic power
 Maximum production of consumer goods.

13.  Promoting competition in the domestic market
 Technology up gradation and modernization.
 Encourage foreign investment in high
technological areas.
 To maximize production.
 To strengthen agricultural base by giving priority
to agro based industries.
 Consumer protection against high prices and bad
quality goods.

14.  Encouragement to Indian entrepreneurship,
promotion of productivity and employment
generation
 Removing the regulatory system and other
weakness
 Increasing the competitiveness of industries for
the benefit of the common man
 Enhanced support to the small scale sector

15. Conti…
 Incentive for the Industrialization of backward
areas
 Ensure running of public sector undertakings
on business lines and cut their losses
 Development of indigenous technology through
greater investment in R&D and bringing in
new technology to help Indian manufacturing
units attain world standards
 Protect the interest of workers

16. Conti…
 Abolish the monopoly of any sector in any field of
manufacture except on strategic or security
grounds
 To link Indian economy to the global market so
that we acquire the ability to pay for imports and
to make us less dependent on aid.

17.  De reservation of industries for the public sector
 De licensing
 Privatisation
 Removal of monopolies restrictive trade practices(MRTP
Act)
 Encouragement to foreign investment
 Change of policy in small scale industry

18.  Industrial licensing policies
 Foreign investment
 Foreign technology agreement
 Public sector policy

19.  Competitive industry
 Freedom to entrepreneurs
 Liberalization
 Integration with world economy
 Open the economy

20.  No priority to backward area
 No solutions for sickness of industries
 Reduction in the expected foreign investment

21.  Changes in technology
 Product diversity
 Market concentration
 Geographical dispersion
 Export-a matter of survival
 All round competition
 Buyer’s market

22. Pre-1991 policy Current policy
Industrial licensing was the rule.
Public sector
monopoly/dominance
In basic and heavy industries.
MRTP Act restriction on entry and
growth of large companies.
Restrictive policy towards foreign
investment.
Foreign investment allowed only in
select industries.
Licensing is an exception.
All but two industries are open to
the private sector.
No such restrictions.
Very liberal policy towards foreign
investment.
Foreign investment allowed in a
large number of industries.

23. CURRENT NEWS
Prime Minister Narendra Modi launched the “Make in
India” campaign on September 25, 2014 which playing
a biggest role to developing the industrial sector in our
country and it also attract the foreign companies to
make their investment. There are some achievement
of “make in India”
 Foxconn, the manufacturer of Apple’s iPhones has
announced plans for creating 10-12 facilities in India,
which will include factories and data centers.

24.  Hyundai Heavy Industries (HHI) of South Korea will
work with Hindustan Shipyard Limited, Vizag to build
warships in India.
 Recently, Indian Railways has invited bids by
international suppliers for the procurement and
manufacture of 15 train sets.
 the recent deal with France on Rafale jets is well
publicized. Whatever the politics of the deal is, the
Indian government has been able to extract substantial
investment in India in the future. Defense minister
Manohar Parrikar has gone on record to say that 50%
of the total deal value, approx. $4bn will be invested in
India within the defense and aerospace sector.

25.  ESSENTIALS OF BUSINESS ENVIRONMENT- K.
ASWATHAPPA - HIMALAYA PUBLISHING HOUSE-
SEVENTH EDITION -2000
 BUSINESS ENVIRONMENT- Francis Cherunilam.