Industrial Policy

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This site provides detail information on Industrial Policy 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 Industrial Policy of India. The overprotective 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 manifold in the last fifteen years. Though the main occupation has been agriculture for the bulk of the Indian population, it was realized that India would become a prosperous and a modern state with industrialization. Therefore different programs were formulated and initiated to build up an adequate infrastructure for rapid industrialization and improve the industrial scenario in India.

Industrial Policy revolves around the core parameters like -
  • Industrial Licensing.
  • Industrial Entrepreneurs Memorandum.
  • Locational Policy.
  • Policy Relating to Small Scale Undertakings.
  • Environmental issues.
The Industrial Policy of India fueled rapid increase in the various sectors in all verticals. But the striking factor was observed in the IT, Telecommunication and Pharmaceutical Industry. The Indian software industry has grown 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 global competition. The telecommunication industry also marked stupendous growth, so is the pharmaceutical industry. The Industrial Policy of resurgent India has helped Indian industry to grow in leaps and bounds.

The Government of India's liberalized Industrial Policy aims at rapid and substantial economic growth, and integration with the global economy in a harmonized manner. The Industrial 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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