INDUSTRIAL POLICY OF INDIA - INDUSTRIAL POLICY
-MAIN OBJECTIVES OF INDUSTRIAL POLICY-
-INDUSTRIAL POLICY RESOLUTIONS-
-ROLE OF SMALL SCALE INDUSTRIES-
-PROBLEMS OF SMALL SCALE INDUSTRIES-
- GOVERNMENT MEASUREMENTS
Industrial policy is an important document that sets the tone in implementing, promoting the regulatory roles of the government.
It was an effort to expand the industrialization and uplift the economy to its deserved heights.
It signified the involvement of Indian government in the development of industrial sector.
Industrial growth of a country is guided and regulated through its industrial policies.
Industrial policy is an important document that sets the tone in implementing, promoting the regulatory roles of the government.
It was an effort to expand the industrialization and uplift the economy to its deserved heights.
It signified the involvement of Indian government in the development of industrial sector.
Industrial growth of a country is guided and regulated through its 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
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
Certainly, here are six key responsibilities of the Competition Commission of India (CCI):
Enforcement of Competition Law: The CCI is entrusted with enforcing the provisions of the Competition Act, 2002, to prevent anti-competitive practices, ensure fair competition, and protect consumer interests in the Indian market.
Investigation of Anti-Competitive Practices: It investigates complaints and cases related to anti-competitive agreements, abuse of dominant positions by firms, and anti-competitive mergers and acquisitions to maintain a competitive market environment.
Review of Mergers and Acquisitions: The CCI reviews mergers, acquisitions, and combinations to evaluate their potential impact on competition in the market and prevent combinations that may significantly lessen competition.
Competition Advocacy: The CCI engages in competition advocacy activities to raise awareness about the benefits of competition, educate stakeholders about competition law, and promote a competitive market culture in India.
Guidance and Advisory Services: It provides guidance, recommendations, and advisory opinions to businesses, government agencies, and other stakeholders on competition-related matters, including compliance with competition law and best practices.
Market Studies and Research: The CCI conducts market studies, research, and analysis to assess competition issues, identify market trends, and propose policy recommendations to promote competition and consumer welfare.
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An industrial policy (IP) or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector.
The Review of Industrial Policies in Bangladesh from 1971 - 2014Hasanul Banna
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Main Points of this assignment is
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Review of Industrial Policies in Bangladesh from 1971 - 2
Industrialization is an essential pre -requisite for rapid and sustained economic development and social progress.
Modernization and structural transformation of the economy and diversification of the economic base and standard of living of the people are the universally recognized dynamic benefits arising from industrial development.
Industrialization is thus pursued as an overriding development objective in its own right.
In the past, efforts towards industrialization in Bangladesh were made under changing economic paradigm and political economy regimes. Since independence in 1971, a total of ten industrial policies have been formulated and adopted for industrial development of Bangladesh.
Concept of Industrial Policy.
The policy contents of industrial policy are now getting wider and wider. While the traditional role of industrial policy.
to influence the allocation of resources to industry, i.e., policies that affect the infrastructure of industry in general, such as the provision of industrial sites, roads, ports, and electric power,
to regulate the internal organization of particular industries, such as industrial restructuring, consolidation of firms, and output restrictions, and
To influence the growth of small and medium scale enterprises (SMEs), etc. remains as before, industrial policies are now directed at achieving on-economic goals.
Main Theme of Industrial Policy In Bangladesh
It has been 43 years since Bangladesh’s independent. Since then the country has formulated ten industrial policies.
The country till now has gone through 10 policies:
Importance of Industrial Policies in Bangladesh
The key to poverty alleviation lies in the generation of productive employment through rapid economic growth and structural transformation of the economy away from agriculture and toward industry.
While the slow growth of the manufacturing sector may be attributed to factors like energy shortage, reduced availability of bank credit, poor inflow of foreign direct investment (FDI) labor unrest, and poor law and order conditions no less responsible are the inconsistent policies.
The market failure approach makes public policy to focus basically on supplying lacking inputs: physical capital, skills, technology, etc. While this is an important policy area, developing countries also tend to suffer from a lack of demand for such inputs.
Market failures are not always easy to locate except in the most obvious situations (namely, education, infrastructure, etc.) and, when they can be located, their seriousness may not be apparent.
There is what amounts to a “private sector failure”, when a firm’s goal
Industrial policy is a document that sets the tone in implementing, promoting the regulatory roles of the government. It was an effort to expand the industrialization and uplift the economy to its deserved heights. It signified the involvement of the Indian government in the development of the industrial sector.
new industrial policy 1991 is about the changes made in the policy in 1991. this policy is devided into two parts 1 is announced on 24 july 1991 which is concernd with the large scale industres including the middle scale and the second part is announced on 6 august 1991 and concerned with small scale sector............
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2. INDUSTRIAL POLICY OF INDIA
K.HARIPRASATH MCOM.,M.PHIL.,NET
N.HARIHARAN BCOM CS.,DTP.,DOA
PARVATHY’S ARTS AND SCIENCE COLLEGE,
DINDIGUL
2
3. Contant
✔ INDUSTRIAL POLICY
✔ MAIN OBJECTIVES OF INDUSTRIAL POLICY
✔ INDUSTRIAL POLICY RESOLUTIONS
✔ ROLE OF SMALL SCALE INDUSTRIES
✔ PROBLEMS OF SMALL SCALE INDUSTRIES
✔ GOVERNMENT MEASUREMENTS
✔ CONCLUSIONS
3
4. INDUSTRIAL POLICY
At the time of Independence, the India economy was fasting serve
problems of illiteracy, poverty, low per capita income, industrial
backwardness, and unemployment. After India attended the
independence in 1947, a science of effort was made to begin an era for
industrial development . The government adopted the rules and
regulations for the various industries . This industrial policy
introduction proved to be the turning point in India industrial history.
4
5. MAIN OBJECTIVES OF INDUSTRIAL POLICIES
❑ To maintain a sustained growth and productivity
❑ To enhance gainful employment
❑ To prevent undue concentration of economic power
❑ To archive optimal utilization of human resources
❑ To attain international competitive
❑ To transform India to major prater and player in the global
area
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7. INDUSTRIAL POLICY RESOLUTION 1948
An 6th April 1948 Government of India announced the first
industrial policy . At the time the India industry was in scheme.
❑ Exclusive state monopoly
❑ State monopoly for new units
❑ Fully private enterprises
❑ Private industry to be regulated by the state
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8. INDUSTRIAL POLICY RESOLUTION 1956
The industrial policy resolution 1948 the development
necessitated the announcement of IPR on 30th April 1956.
The policy deviated the industry into three broad categories for
allocation between a public and private sector such as ,
❖ SCHEDULE A Under this 17 industries
❖ SCHEDULE B under this 12 industries
❖ SCHEDULE C not included schedule a and b
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9. INDUSTRIAL POLICY RESOLUTION 1973
This is a reiteration of the industrial policy resolution of 1956
and supplement to the industrial licensing policy of 1970 It has
elaborated the concept the join sector and made it will to to allow
larger industrial house to produce item reserve to small scale
sector. Larger unit are defend as those having assets of cores or
move. These unit are permitting to participate in basic critical and
strategic industries. Existing policy if resolution to small sale
sector is to be continued.
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10. INDUSTRIAL POLICY RESOLUTION 1977
The 1977 policy have highest priority to the small scale and tiny
industries for the first times . 1977 industrial policy define a “ tiny
unit” as unit with interment in machinery and equipment up to
Rest 1 lakh and situated in towns and village when population of
less than 50,000 ( as per 1971 census). It is new policy of state
meant 1977 December 23 . Development small scale sector
reserve to small scale industries expand from 180 to 504 and the to
807 in may 1978 .
10
11. INDUSTRIAL POLICY RESOLUTION 1980
When congress came back to power 1980 a new industrial
policy was announced the policy main development small scale
industries in India. The government of India adopted a the IPR
Industrial policy resolution on July 23, 1980 . The main objective
of IPR 1980 was defend as fascinating increase in industrial
production thought optimum utilization of installed capacity and
expansion of industries.
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12. NEW INDUSTRIAL POLICY 1991
In July 1991 The government of India announced a new industrial policy
which sweeping changes. In pursuit of the above the objectives government
dedicated to take a series of intimations in respect of the policies relating of
the following areas,
❖ Industrial licensing
❖ Foreign investment
❖ Public sector policy
❖ Foreign Technology Agreements
❖ MRTP act
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13. ROLE OF SMALL SCALE INDUSTRIES
❑ Employment generations
❑ Self employment
❑ Less capital Intensive
❑ Import lights
❑ Export promotions
❑ Equal distribution of income
❑ Decentralization of industries
❑ Support to large scale industries
❑ Agriculture development
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14. PROBLEMS OF SMALL SCALE
INDUSTRIES
❑ Poor capacity of utilization
❑ Incomplete management
❑ Inadequate finance
❑ Raw material shortages
❑ Lake of marketing support
❑ Problems of working support
❑ Problems in export
❑ Lack of technology up – gradation
❑ Delayed payments
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15. GOVERNMENT MEASUREMENTS
The overall tax burden equals 7.3 percent of total domestic
income. Government spending had amounted to 27.1 present of
the country output GDP over the past Three years and budget
deficits has average 6.9 percent of GDP . Public department. is
equivalent to 69.8 percent of GDP gross domestic product.
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16. CONCLUSION
The industrial policy 1956 thus provide compressive framework
for industrial development in India. However, this policy has been
criticized on the ground that buy enormously expanding the field
of public sector is had drastically reduce the area of activity for the
private sector. To restore the economy on the path of rapid and
healthy economic growth. Reform the put Indian economy on a
higher growth plan .
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