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INDUSTRIAL POLICY OF INDIA
REFORMS SINCE 1991
DIGIN GEORGE
DRISYA .C .P
FAZEEN RASHEED . A. K
GREESHMA . V .S









INTRODUCTION
OBJECTIVES
HIGHLIGHTS OF POLICY
AREAS
MERITS
LIMITATIONS
IMPACT OF INDUSTRIAL POLICY
Industrial policy means rules, regulations , principles ,
policies , and procedures laid down by government for
regulating...


Industry has played A central role in India’s
developmental effort. Industry has enjoyed A
special position as the sect...
Nehru laid the foundation of modern India
. The goals and objectives set out for the
nation by Nehru.
 Rapid agricultural...
Industrial
policy
resolutio
n of 1991

Industrial
policy
resolutio
n of 1948

Industrial
policy
resolutio
n of 1980

Indus...









Continuous increase in production
Ensuring the equitable distribution of revenue
Improvement of role of smal...











To accelerate the rate of economic growth.
To expand the public sector, develop heavy and
machine making...






Certain structural distortions called for
policy changes in IPR 1956
Provide for a closer interaction between the...





Highest priority to the generation and
transmission of power.
Identify high priority industries.
Attract foreign c...


Within the small scale sector, a tiny sector
was also defined with investment in
machinery and
equipment up to Rs.1 lak...








Proposal for special legislation to protect cottage
and household industries
Emphasis on decentralization and ...










Promoting competition in the domestic market
Technology up gradation and modernization.
Encourage foreign ...










Self reliance to build on the many sided gains
already made
Encouragement to Indian entrepreneurship,
promo...
Conti…
 Incentive for the Industrialization of backward
areas
 Ensure running of public sector undertakings
on business ...
Conti…
 Abolish the monopoly of any sector in any field of
manufacture except on strategic or security
grounds
 To link ...








De reservation of industries for the public sector
De licensing
Abolition of phased manufacturing program
R...






Industrial licensing policies
Foreign investment
Foreign technology agreement
Public sector policy
MRTP act








Competitive industry
Freedom to entrepreneurs
Liberalization
Performance of govt. Undertaking
Integration wi...







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






Changes in technology
Product diversity
Market concentration
Geographical dispersion
Destabilization of ...




ESSENTIALS OF BUSINESS ENVIRONMENT- K.
ASWATHAPPA - HIMALAYA PUBLISHING HOUSESEVENTH EDITION -2000
BUSINESS ENVIRONM...
QUERIES?
Industrial policy of india 1991
Industrial policy of india 1991
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Industrial policy of india 1991

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Industrial policy of india 1991

  1. 1. INDUSTRIAL POLICY OF INDIA REFORMS SINCE 1991
  2. 2. DIGIN GEORGE DRISYA .C .P FAZEEN RASHEED . A. K GREESHMA . V .S
  3. 3.        INTRODUCTION OBJECTIVES HIGHLIGHTS OF POLICY AREAS MERITS LIMITATIONS IMPACT OF INDUSTRIAL POLICY
  4. 4. 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.
  5. 5.  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.
  6. 6. 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
  7. 7. Industrial policy resolutio n of 1991 Industrial policy resolutio n of 1948 Industrial policy resolutio n of 1980 Industrial policy resolutio n of 1956 Industrial policy resolutio n of 1977 Industrial policy resolutio n of 1973
  8. 8.      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.
  9. 9.        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 build up A large and growing pvt. Sector To expand the cottage, village,and small scale industries To achieve balanced industrial development
  10. 10.    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.
  11. 11.    Highest priority to the generation and transmission of power. Identify high priority industries. Attract foreign companies in our country.
  12. 12.  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 with a population < 50,000 according to 1971 census figures, and in villages.
  13. 13.     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.
  14. 14.       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.
  15. 15.      Self reliance to build on the many sided gains already made 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
  16. 16. 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
  17. 17. 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.
  18. 18.        De reservation of industries for the public sector De licensing Abolition of phased manufacturing program Removal of mandatory convertibility clause Amendment of monopolies restrictive trade practices Encouragement to foreign investment Change of policy in small scale industry
  19. 19.      Industrial licensing policies Foreign investment Foreign technology agreement Public sector policy MRTP act
  20. 20.       Competitive industry Freedom to entrepreneurs Liberalization Performance of govt. Undertaking Integration with world economy Open the economy
  21. 21.      No priority to backward area No solutions for sickness of industries Reduction in the expected foreign investment Surrender to IMF Offloading of 20% equity in profit making
  22. 22.         Changes in technology Product diversity Market concentration Geographical dispersion Destabilization of protected environment Export-a matter of survival All round competition Buyer’s market
  23. 23.   ESSENTIALS OF BUSINESS ENVIRONMENT- K. ASWATHAPPA - HIMALAYA PUBLISHING HOUSESEVENTH EDITION -2000 BUSINESS ENVIRONMENT- SURESH BEDI-
  24. 24. QUERIES?

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