IAS (Admin.) Mains Geography Industry- India-New Industrial Policies Study Material (Page 4 of 32)

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Industrial Policy: Industrial Policy Measures in 1960՚s and 1970՚s, Industrial Policy Statement, 1973

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Industrial Policy Measures in 1960՚s and 1970՚s

These measures of 1960՚s and 1970՚s focused on reducing monopolies and emphasized growth of industries through economic planning:

  • In 1964, establishment of Monopolies Inquiry Commission (MIC) took place to review concentration of economic power and operations of industrial licensing under IDR Act, 1951. It identified that big businesses had disproportionately large share of licenses, prohibiting new entrants, and causing foreclosure of capacity of smaller participants.
  • In 1967, Industrial Licensing Policy Inquiry Commit…

… (270 more words) …

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Industrial Policy: Industrial Policy Statement, 1977, Industrial Policy Statement, 1980

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Industrial Policy Statement, 1977

Industrial statement of 1977 emphasized the following:

  • Decentralize industrial sector with more role for small scale and cottage industries.
  • Promote close interaction between industrial and agricultural sectors.
  • Promote power generation and transmission.
  • Develop small-scale industries and expand list of items reserved for exclusive production in small-scale sector from 180 to more than 500.
  • Develop even smaller industries. Within small-scale sector, tiny unit implied unit having investment in ma…

… (216 more words) …

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