2. Industrial Policy 1991
The spread of industrialization to backward areas
of the country will be actively promoted through
appropriate incentives, institutions and
infrastructure investments.
Foreign investment and technology collaboration
will be welcomed to obtain higher technology, to
increase exports and to expand the production
base.
Abolish monopoly
Workers’ participation in management will be
promoted
3. Industrial Policy 1991
Government recognizes the need for social and
economic justice, to end poverty and
unemployment and to build a modern, democratic,
socialist, prosperous and forward-looking India
Enhanced support to the small-scale sector so that it
flourishes in an environment of economic
efficiency and continuous technological up
gradation
Emphasis on building our ability to pay for imports
through our own foreign exchange earnings
4. Industrial Policy 1991
In pursuit of the above objectives, Government
have decided to take a series of initiatives in
respect of the policies relating to the following
areas:
a) Industrial Licensing.
b) Foreign Investment.
c) Foreign Technology Agreements.
d) Public Sector Policy.
e) MRTP Act.
5. Industrial Policy and Promotion
Role and functions of the Department of Industrial Policy and
Promotion primarily include:
Formulation and implementation of industrial policy and
strategies for industrial development in conformity with the
development needs and national objectives;
Monitoring the industrial growth, in general, and
performance of industries specifically assigned to it, in
particular, including advice on all industrial and technical
matters;
Formulation of Foreign Direct Investment (FDI) Policy and
promotion, approval and facilitation of FDI;
Encouragement to foreign technology collaborations at
enterprise level and formulating policy parameters for the
same;
6. Industrial Policy and Promotion
Contd-
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 ;
Administration of Industries (Development & Regulation)
Act, 1951
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.
