Industrial policy of 1956

Glass shells for television tubes. Synthetic resins and plastics. The MRTP Act will be restructured by eliminating the legal requirement for prior governmental approval for expansion of present undertakings and establishment of new undertakings. Genetically modified free living symbiotics nitrogen fixer.

The new industrial policy states that the government will raise the strength of those public sector units included in the list of reserved industries or in the priority group of those earning reasonable profits. Such a society can be built if India grows as part of the world economy and not in isolation.

Heavy electrical plant including large hydraulic and steam turbines. This category included industries of national importance. A package for the Small and Tiny Sectors of industry is being announced separately.

The Government will appoint a special board to negotiate with such firms so that we Industrial policy of 1956 engage in purposive negotiation with such large firms, and provide the avenues for large investments in the development of industries and technology in the national interest.

Main Features of Industrial Policy Resolution of 1956

Government is also committed to development and utilisation of indigenous capabilities in technology and manufacturing as well as its upgradation to world standards. The new industrial policy thus prepared a specified list of high technology and high investment priority industries Annexure III in which automatic permission will be available for direct foreign investment up to 51 per cent foreign equity.

D] Role of the public sector: Workers will be given fair remuneration, better working conditions and opportunities to participate in management. But some economists have also criticised this new policy on various grounds. Electronic aerospace and defence equipment; All types.

Industrial Policy of 1956: 8 Main features of 1956 Policy

However, the major thrust area of the policy was to enhance the role of public sector in the process of growth and development on socialistic pattern of society. Tanned or dressed furskins. At the same time the public sector will not be barred from entering areas not specifically reserved for it.

What were the shortfalls of the industrial policy pursued by British colonial administration?

Engineering production aids such as cutting and forming tools, patterns and dies and tools. In line with the liberalisation undertaken by the Centre, most of the state governments have initiated reforms for promoting foreign investment, encouraging private participation in the development of ports, power generation and the development and management of industrial estates, restructuring of District Industrial Centres DIC and removing artificial barriers within states.

The department of Industrial Development which administers NRF, has now taken up the first set of cases relating to the National Textile Corporation units.

Summary of India’s Industrial Policy

High pressure braided hoses. The winds of change have been with us for some time. Industrial Policy Resolution, (IPR) of stressed the need for reducing regional disparities. Special steps were proposed for development of industries in backward regions through better infrastructures and other measures through entire country.

The Industrial Policy Resolution of was followed by the Industrial Policy Resolution of which had as its objective the acceleration of the rate of economic growth and the speeding up of.

Industrial Policy Resolution of (IPR ) is a resolution adopted by the Indian Parliament in April It was the first comprehensive statement on industrial development of India. The policy continued to constitute the basic economic policy for a long time.

What are the main features of industrial policy resolution of 1956?

This Resolution was adopted by the Parlia­ment in April According to this Resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society.

Industrial policy is a comprehensive package of policy measures which covers various issues connected with different industrial enterprises of the country. This policy is essential for devising various procedures, principles, rules and regulations for controlling such industrial enterprises of the.

This Resolution was adopted by the Parlia­ment in April According to this Resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of Brief notes on Industrial Policy Resolution,

Industrial policy of 1956
Rated 3/5 based on 7 review
Industrial Policy and Economic Reforms of India