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By-- Kamlesh Swami...
Industrial Policy 1948
Industrial Policy 1956
Industrial Policy 1973
Industrial Policy 1977
Industrial Policy 1980
Industrial Policy 1991
Industrial policies were adopted :
to assist the investors
to strengthen the industrial base of the
economy
to define various sectors where public and
private sector can invest
to set a framework of industrialization
Industrial Policy 1948
Division of industrial sector- resolution divided industries
into four categories :-
 Industries where State had a monopoly.
 Mixed sector.
 The field of government control.
 The field of private enterprise.
Industrial Policy 1956
Objectives:-
 To accelerate rate of growth and speed up
industrialization.
 To develop heavy industries and machine making
industries.
 To expand public sector.
 To build up large co-operative sector.
 To prevent monopolies and concentration of economic
powers in few hands.
Industrial Policy 1956
Division of industrial sector- resolution divided industries
into three categories :-
 Monopoly of the State
 Mixed sector of public and private enterprise.
 Industries left for private sector.
• Interdependence of public and private sector
• Private sector can expand subject to rules and regulation
• Deduction of regional inequality
__The liberalisation Trends__
 Exemption from licensing.
 Relaxation to MRTP and FERA companies.
 Enhancement of investment limits for SSI and
Ancillary Units.
 Delicensing.
 Development of Backward Areas.
__Industrial Policy 1991__
Objectives:-
 To build on the gains already made.
 To correct distortions or weaknesses that might have
crept in.
 To maintain a sustained growth in productivity and
gainful employment.
 To attain international competitiveness.
__Industrial Policy 1991__
Features-
 Abolition of licensing policy.
 Public sector’s role had been diluted
 Board of Industrial Financial Reconstruction(BIFR)
was established to reconstruct sick industries
 Special Zones were being setup
 MRTP limit goes.
 Free entry to foreign Investment and Technology.
Industrial growth can be determinedunder followingfour phases:-
 Phase I (1951-65)
Building up of strong industrial base.
 Phase II (1965-80)
Industrial Deceleration and Structural Retrogression.
 Phase III (1981-91)
The Period of Industrial Recovery.
 Phase IV (1991-92 onwards)
Industrial policy

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Industrial policy

  • 2. Industrial Policy 1948 Industrial Policy 1956 Industrial Policy 1973 Industrial Policy 1977 Industrial Policy 1980 Industrial Policy 1991
  • 3. Industrial policies were adopted : to assist the investors to strengthen the industrial base of the economy to define various sectors where public and private sector can invest to set a framework of industrialization
  • 4. Industrial Policy 1948 Division of industrial sector- resolution divided industries into four categories :-  Industries where State had a monopoly.  Mixed sector.  The field of government control.  The field of private enterprise.
  • 5. Industrial Policy 1956 Objectives:-  To accelerate rate of growth and speed up industrialization.  To develop heavy industries and machine making industries.  To expand public sector.  To build up large co-operative sector.  To prevent monopolies and concentration of economic powers in few hands.
  • 6. Industrial Policy 1956 Division of industrial sector- resolution divided industries into three categories :-  Monopoly of the State  Mixed sector of public and private enterprise.  Industries left for private sector. • Interdependence of public and private sector • Private sector can expand subject to rules and regulation • Deduction of regional inequality
  • 7. __The liberalisation Trends__  Exemption from licensing.  Relaxation to MRTP and FERA companies.  Enhancement of investment limits for SSI and Ancillary Units.  Delicensing.  Development of Backward Areas.
  • 8. __Industrial Policy 1991__ Objectives:-  To build on the gains already made.  To correct distortions or weaknesses that might have crept in.  To maintain a sustained growth in productivity and gainful employment.  To attain international competitiveness.
  • 9. __Industrial Policy 1991__ Features-  Abolition of licensing policy.  Public sector’s role had been diluted  Board of Industrial Financial Reconstruction(BIFR) was established to reconstruct sick industries  Special Zones were being setup  MRTP limit goes.  Free entry to foreign Investment and Technology.
  • 10. Industrial growth can be determinedunder followingfour phases:-  Phase I (1951-65) Building up of strong industrial base.  Phase II (1965-80) Industrial Deceleration and Structural Retrogression.  Phase III (1981-91) The Period of Industrial Recovery.  Phase IV (1991-92 onwards)