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SUBBMITTED TO:- KINJAL MISTRY
MADAM
MACRO ECONOMIC & BUSINESS
ENVIRONMENT
Industrial Policy
Group Member
 Mukesh Baraiya 14MBA006
 Bhadresh Beladiya 14MBA008
 Ajay Chauhan 14MBA012
 Keval Patel 14MBA062
 Manis...
Industrial Policy
 What is industrial policy ?
Industrial policy is a statement which defines the
role of government in i...
Industrial Policy
 It covers rules, regulations, principles,
policies, & procedures laid down by
government for regulatin...
Industrial Policy Contd...
 It incorporates fiscal & monetary policies,
tariff policy, labor policy.
 It shows the gover...
Main Objectives
 To achieve optimal utilization of human
resources
 To attain international competitiveness
and
 To tra...
Introduction of DIPP
 The Department of Industrial Policy &
Promotion was established in 1995 and
has been reconstituted ...
Role & Function of DIPP
 Encouragement to foreign technology
collaborations at enterprise level and
formulating policy pa...
Role & Function of DIPP
 Formulation of policies relating to
Intellectual Property Rights in the fields
of Patents, Trade...
Role & Function of DIPP
 Promoting industrial development of
industrially backward areas and the
North Eastern Region inc...
Industrial Policies
 Industrial Policy Resolution of 1948
 Industrial Policy Resolution of 1956
 Industrial Policy Reso...
Industrial Policy 1991
Policy focus is on –
Deregulating Indian industry;
Allowing the industry freedom and
flexibility...
Industrial Policy 1991
 In pursuit of the industrial objectives,
Government decided to take a series of initiatives
in re...
Industrial Licensing Policy
 The Industrial Policy Resolution of 1956 identified
the following three categories of indust...
Industrial Licensing Policy
 Industrial Licensing is governed by the
Industries (Development & Regulation)
Act, 1951.
 I...
Foreign Investment
 Limit on foreign equity holdings raised from 40%
to 51% in a wide range of industries
 Foreign Equit...
Foreign Technology Agreements
 Foreign technology agreements in high-priority
industries up to Rs. 1 crore were given aut...
Public Sector Policy
 List of industries reserved for the public (Schedule A)
reduced from 17 to 8
 List of sector reser...
MRTP Act
 Removed the threshold limits of assets in respect of MRTP
companies and dominant undertakings
 Eliminated the ...
Conclusion
 Industrial Policy of 1948 which adopted mixed economic system
approach, where in public and private sectors w...
 The New Industrial Policy of 1991 became
liberalization, globalization and privatization and
towards this end, the Gover...
Industrial policy
Industrial policy
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Industrial policy

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Industrial policy

  1. 1. SUBBMITTED TO:- KINJAL MISTRY MADAM MACRO ECONOMIC & BUSINESS ENVIRONMENT Industrial Policy
  2. 2. Group Member  Mukesh Baraiya 14MBA006  Bhadresh Beladiya 14MBA008  Ajay Chauhan 14MBA012  Keval Patel 14MBA062  Manish Prajapati 14MBA082  Yatin Patel 14PGDM019
  3. 3. Industrial Policy  What is industrial policy ? Industrial policy is a statement which defines the role of government in industrial development.  The industrial policy thus formally indicates the spheres of activity of the public and the private sectors.
  4. 4. Industrial Policy  It covers rules, regulations, principles, policies, & procedures laid down by government for regulating & controlling industrial undertakings in the country.  It prescribes the respective roles of the public, private, joint, cooperative large, medium & small scale sectors for the development of industries.
  5. 5. Industrial Policy Contd...  It incorporates fiscal & monetary policies, tariff policy, labor policy.  It shows the government attitude not only towards external assistance but also toward public & private sectors.
  6. 6. Main Objectives  To achieve optimal utilization of human resources  To attain international competitiveness and  To transform India into a major partner and player in the global arena
  7. 7. Introduction of DIPP  The Department of Industrial Policy & Promotion was established in 1995 and has been reconstituted in the year 2000 with the merger of the Department of Industrial Development.
  8. 8. Role & Function of DIPP  Encouragement to foreign technology collaborations at enterprise level and formulating policy parameters for the same;  Administration of Industries (Development & Regulation) Act, 1951
  9. 9. Role & Function of DIPP  Formulation of policies relating to Intellectual Property Rights in the fields of Patents, Trademarks, Industrial Designs and Geographical Indications of Goods and administration of regulations, rules made there under
  10. 10. Role & Function of DIPP  Promoting industrial development of industrially backward areas and the North Eastern Region including International Co-operation for industrial partnerships and  Promotion of productivity, quality and technical cooperation.
  11. 11. Industrial Policies  Industrial Policy Resolution of 1948  Industrial Policy Resolution of 1956  Industrial Policy Resolution of 1973  Industrial Policy Resolution of 1977  Industrial Policy Resolution of 1980  The New Industrial Policy of 1991
  12. 12. Industrial Policy 1991 Policy focus is on – Deregulating Indian industry; Allowing the industry freedom and flexibility in responding to market forces and Providing a policy regime that facilitates and fosters growth of Indian industry.
  13. 13. Industrial Policy 1991  In pursuit of the industrial objectives, Government decided to take a series of initiatives in respect of the policies relating to the following areas:  Industrial Licensing  Foreign Investment  Foreign Technology Agreements  Public Sector Policy  MRTP Act
  14. 14. Industrial Licensing Policy  The Industrial Policy Resolution of 1956 identified the following three categories of industries:  Those that would be reserved for development in public sector.  Those that would be permitted for development through private enterprise with or without State participation.  Those in which investment initiatives would ordinarily emanate from private entrepreneurs.
  15. 15. Industrial Licensing Policy  Industrial Licensing is governed by the Industries (Development & Regulation) Act, 1951.  Industrial licensing was abolished for all industries, except those specified (18 industries), irrespective of levels of investment.
  16. 16. Foreign Investment  Limit on foreign equity holdings raised from 40% to 51% in a wide range of industries  Foreign Equity Proposals need not to be accompanied by Foreign Technology Transfer Agreement  Procedure for FDI streamlined by creating a Foreign Investment Promotion Board to consider individual application case by case
  17. 17. Foreign Technology Agreements  Foreign technology agreements in high-priority industries up to Rs. 1 crore were given automatic permission.  No permission was required for hiring foreign technicians and foreign testing of indigenously developed technologies.
  18. 18. Public Sector Policy  List of industries reserved for the public (Schedule A) reduced from 17 to 8  List of sector reserved for dominance by public sector (Schedule B) effectively abolished  Disinvestment in selected public sector enterprise to raise finance for development, bring in greater accountability & help create a new culture in their working for improved efficiency
  19. 19. MRTP Act  Removed the threshold limits of assets in respect of MRTP companies and dominant undertakings  Eliminated the requirement of prior approval of Central Government for  Establishment of new undertakings  Expansion of undertakings  Merger, Amalgamation and Takeover  Appointment of Directors under certain circumstances.  The newly empowered MRTP Commission will be authorized to initiative investigations on complaints received from individual consumers or classes of consumers in regard to monopolistic, restrictive and unfair trade practices.
  20. 20. Conclusion  Industrial Policy of 1948 which adopted mixed economic system approach, where in public and private sectors were to operate together but the ground practicalities insisted to frame another Industrial Policy within short period of time.  The 1956 Industrial Policy Resolution gave effective space to the centrally controlled industries, State controlled industries and Joint ventures for industrial development. The Policy Resolution introduced the proposals to liberalize the Industrial Policy by relaxations to MRTP and FERA Acts, re- defining the investment limits, de- licensing and exemption to same categories of industrial sector, incentives for export promotion, broad banding of industries, introduction of cottage industries and several other financial concessions
  21. 21.  The New Industrial Policy of 1991 became liberalization, globalization and privatization and towards this end, the Government introduced three sets of reforms:- first, deregulation, delicencing, decontrol and de-bureaucratisation of industrial licensing system; two, liberalization of foreign trade and currency transactions and third, institute several measures to facilitate foreign direct investment inflows. All these measures were launched in the year 1991 and since then, further liberalizations have been introduced every year with each new budget.

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