Industrial policyArya.S.Babu

Industrial policy

Main aims

• Liberalization

• Globalization

• Privatization.

it was announced by narasimha rao former prime minister(1991).

Liberalization

Means, dismantle the excessive framework, allow freedom to the firms.

later a new system came-

license permit control raj

Aim-to save new entrepreneur the unnecessary harassment of seeking permission from the bureaucracy to start an undertaking.

• Main purpose of l iberalization,

free a large private corporate sector from bureaucratic control and MRTP limit had become irrelevant 4 big business(petrochemical,electronics.)

Industrial licensing is compulsory 4

• Coal &lignite.

• Petroleum

• Distillation & brewing of alcohol drinks.

• Sugar

• Animal fat & oil

• Industrial explosive