brief presentation about industrial policy

1. SUBMITTED BY:
GROUP 7

2. CONTENTS:
INTRODUCTION
OBJECTIVES
ADVANTAGES
DISADVANTAGES

3. INDUSTRIAL POLICY:
Industrial policy is a policy document
prepared by the government which states
how the industrial environment of the
country will take shape in the future. The
new industrial policy was announced on
July 24,1991.

4. OBJECTIVES:
 The objectives of New Industrial Policy are as follows:
 (i) Liberalizing the industry from the regulatory devices
such as licenses and controls.
 (ii) Enhancing support to the small scale sector.
 (iii) Increasing competitiveness of industries for the
benefit of the common man.
 (iv) Ensuring running of public enterprises on business
lines and thus cutting their losses.
 (v) Providing more incentives for industrialization of the
backward areas
 (vi) Ensuring rapid industrial development in a
competitive environment.

5. ADVANTAGES:
1. Integration of markets: Markets are interlinked.
2. Cheaper Products for Consumer.
3. Leads to Outsourcing in some cases which can lead to job
loses.
4. Lowering of international Barriers: Now European Union can
Trade with ASEAN and NAFTA.
5. Providing jobs in LEDC's and help develop economy (less
Economically Developed Countries)
6. Helps prevent market Saturation in a specific market: stops
there being too much competitors in one place e.g. too much
call centers in UK, so move to India
7. Standardization of product: the same products can be seen
in many places .

6. DISADVANTAGES :
 Welfare motive is unlooked
 Loss to domestic units
 Regional imbalances
 Exploitation of the environment
 Exploitation of workers.

7. THANK YOU