The document outlines India's industrial policies from the First Five Year Plan in 1951 to recent changes in the early 2000s. It discusses the rationale for industrial policies, including balancing development, efficient use of resources, and preventing monopolies. Key aspects of industrial policies over the decades included the public, private, and joint sectors, licensing, foreign investment rules, and the Monopolies and Restrictive Trade Practices Act. Major changes in the 1990s included deregulation, liberalization, allowing higher foreign investment, and reducing the number of reserved industries.

1. SUNEEL GUPTA ASSOCIATE PROFESSOR GHS IMR, KANPUR INDUSTRIAL POLICY

5. Industrial policy 1956 Schedule A Schedule B Schedule C C Remaining industries A Industry whose future development will be exclusively responsibility of state B Industries in which state will generally take imitative

6. Industrial Policy 1991 Thrust on deregulation and economic policy liberalization represents a significant step forward in the endeavor to eliminate poverty and unemployment and fasten the pace of social and economic progress

7. Main feature #Self Reliance #Grater emphasis placed on developing our ability to pay for imports from our own foreign exchange earning #Government is committed to the development of indigenous capabilities in technology and manufacturing as well as up gradation of living standards. #To encourage entrepreneurship #To bring new technology #Dismantling regulatory system #Reformation of PSU #Manufacturing activity to be thrown open to private competition

16. Concentration of top three firms 1964

17. NEED FOR A NEW WINE NEED FOR A NEW LAW HAS ITS ORIGIN IN FINANCE MINISTER’S BUDGET SPEECH IN FEBRUARY,1999 : “ THE MRTP ACT HAS BECOME OBSOLETE IN CERTAIN AREAS IN THE LIGHT OF TERNATIONAL ECONOMIC DEVELOPMENTS RELATING TO COMPETITION LAWS. WE NEED TO SHIFT OUR FOCUS FROM CURBING MONOPOLIES TOPROMOTING COMPETITION. THE GOVERNMENT HAS DECIDED TO APPOINT A COMMITTEE TO EXAMINE THIS RANGE OF ISSUES AND PROPOSE A MODERN COMPETITION LAW SUITABLE FOR OUR CONDITIONS .”

18. OLD WINE OR NEW WINE ? MRTP ACT 1 . BASED ON PRE-1991 control regime 2. PREMISED ON SIZE 3. PROCEDURE ORIENTED 4. NO TEETH (REFORMATORY) 5. OFFENCES DEFINED IMPLICITLY (CARTELS, BID-RIGGING ETC.) 6. FROWNS ON DOMINANCE (25% OF MARKET SHARE) 7. UNFAIR TRADE PRACTICES COVERED 8. RULE OF LAW APPROACH 9. NO COMPETITION ADVOCACY ROLE FOR MRTPC NEW LAW 1. BASED ON POST-1991 reforms 2. PREMISED ON CONDUCT 3. RESULT ORIENTED 4. CAN BITE (PUNITIVE ) 5. OFFENCES DEFINED EXPLICITLY 6. FROWNS ON ABUSE OF DOMINANCE 7.UNFAIR TRADE PRACTICES OMITTED 8. RULE OF REASON APPROACH 9. CCI HAS COMPETITION ADVOCACY ROLE