Industry
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This site provides detail information on Industry of India. The site also focuses on the current scenario and objectives of Industrial Policy of India.
Post 1990s have seen a sea of change in the policy drafting of Indian Industry. The highly insulated Indian Market were opened to foreign companies and investors. Thus Indian Industry registered an impressive growth during the last decade and half. The number of industries in India have increased substantially in the last fifteen years. Though the main occupation has been agriculture for the majority of the Indian population, it was realized that India would become a prosperous and a modern state only with proper industrialization. Therefore different policy were drafted, modified and initiated to build up an adequate infrastructure for rapid industrialization and improve the Indian industry.
Industry Policy of India evolves around the core parameters like -
The newly drafted Industry policy fueled rapid increase in the various sectors in all verticals. But the astronomical growth was observed in the IT, Telecommunication and Pharmaceutical Industry. The Indian software industry has grew at a massive rate from a mere US $ 150 million in 1991-92 to a staggering US $ 5.7 billion (including over $4 billion worth of software exports) in 1999-2000. No other Indian industry has performed this well against the ever increasing global competition. The telecommunication industry also marked stupendous growth, so is the pharmaceutical industry. The newly drafted Industry policy of India has helped Indian industry to grow at a rapid pace.
The central Government's liberalized Industry outlook envisages rapid and substantial economic growth, and integration with the global economy and earn a major share in the international market. The Industry policy reforms have reduced the industrial licensing requirements, removed restrictions on investment and expansion, and facilitated easy access to foreign technology and foreign direct investment.
Industry Policy of India evolves around the core parameters like -
- Industrial Licensing.
- Industrial Entrepreneurs Memorandum.
- Locational Policy.
- Policy Relating to Small Scale Undertakings.
- Environmental issues.
The newly drafted Industry policy fueled rapid increase in the various sectors in all verticals. But the astronomical growth was observed in the IT, Telecommunication and Pharmaceutical Industry. The Indian software industry has grew at a massive rate from a mere US $ 150 million in 1991-92 to a staggering US $ 5.7 billion (including over $4 billion worth of software exports) in 1999-2000. No other Indian industry has performed this well against the ever increasing global competition. The telecommunication industry also marked stupendous growth, so is the pharmaceutical industry. The newly drafted Industry policy of India has helped Indian industry to grow at a rapid pace.
The central Government's liberalized Industry outlook envisages rapid and substantial economic growth, and integration with the global economy and earn a major share in the international market. The Industry policy reforms have reduced the industrial licensing requirements, removed restrictions on investment and expansion, and facilitated easy access to foreign technology and foreign direct investment.
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