What are the objectives of industrial policy 1948?
The objective was to liberalize the industrial sector to increase industrial productivity and competitiveness of the industrial sector. The policy laid the foundation for an increasingly competitive export-based and for encouraging foreign investment in high-technology areas.
What is the objective of industrial policy?
The main objective of any industrial policy is to augment the industrial production and thereby enhance the industrial growth which leads to economic growth by optimum utilization of resources; modernization; balanced industrial development; balanced regional development (by providing concessions for industrial …
Which of the following are the objectives of the new industrial policy?
The New Industrial Policy,1991 seeks to liberate the industry from the shackles of licensing system Drastically reduce the role of public sector and encourage foreign participation in India’s industrial development.
What are the objectives of industrial policy resolution?
The Industrial Policy Resolution of 1948 was followed by the Industrial Policy Resolution of 1956 which had as its objective the acceleration of the rate of economic growth and the speeding up of industrialisation as a means of achieving a socialist pattern of society.
What are the different objectives of the Philippines industrial policy?
The new industrial policy aims to create the proper environment and strengthen Philippine industries in order for them to become globally competitive. Through the new industrial policy, the Philippine government aims to promote domestic industries in both the local and global markets.
What are the objectives of industrial policy in Nigeria?
“The goal of the Nigeria Industrial Revolution Plan is to increase the contribution of the manufacturing sector to GDP from the present four per cent to more than 10 per cent over the next five years. This will boost the annual revenue earnings of the Nigerian manufacturers by up to N5 trillion per annum.”
What is the prime focus of the Industrial Policy Resolution of 1948?
Industrial Policy Resolution of 1948- It defined the broad contours of the policy delineating the role of the State in industrial development both as an entrepreneur and authority. It made clear that India is going to have a Mixed Economic Model.
What should be the primary objective of industrial policy Wikipedia?
An industrial policy (IP) or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector.
Which one is an example of an industrial policy?
Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as manufacturing.
What do you understand by industrial policy?
Industrial Policy is defined as the strategic effort by the state to encourage economic transformation, i.e. the shift from lower to higher productivity activities, between or within sectors.
What are the objectives and importance of industrial relations?
The primary objective of industrial relations is to bring about sound and healthy relations between employers and employees. (iv) To establish and maintain industrial democracy; (v) To achieve a sound, harmonious and mutually beneficial labor management relations.
What are the key characteristics of industrial policies?
Three key design attributes that industrial policy must possess are embeddedness, carrots-and-sticks, and accountability.
What are the features of Industry policy Resolution 1948?
Question: What were the features of Industrial Policy Resolution 1948? Answer: It included six basic industries coal, iron and steel, aircraft manufacture, shipbuilding, mineral oil, telephones, cable, and wireless industry. The new ventures relating to these industries will be established by Govt.
What are the features of industry policy Resolution 1948?
What is industrialization easy words?
Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.
What are the objectives of industrial relations and labour welfare?
Labour Welfare improves industrial relations and reduces industrial disputes: Industrial dispute in any industry is a sign of unsatisfied employees. Labour Welfare measures act as a preventive tool to most of these disputes.
What are the 3 concepts of industrial relations?
In its narrow sense, it means labour relations, but in its broader sense it includes employee relations, labour relations, public relations, customer relations etc.
What did the industrial policy of 1948 do?
The Industrial Policy of 1948 thus laid down the foundation of a mixed economy wherein the public sector (the state) and the private sector were to co-exist and work in their demarcated areas. No comments yet. Leave a Reply Click here to cancel reply.
What are the objectives of industrial policy?
Industrial Policy | Objectives Industrial policy statements have been announced from 1948 onwards. A number of objectives have been projected by the Government of India while making industrial policy declarations. Some of the important objectives can be identified as follows: 1. Achieving a socialistic pattern of society. 2.
What was the industrial policy of 1973?
Industrial Policy Feb 2, 1973 Special legislation to protect cottage and household industries was also proposed to be introduced. It was also decided that compulsory export obligations, merely for ensuring the foreign exchange balance of the project, would no longer be insisted upon while approving new industrial capacity. 14.
Who are the authors of industrial policies A-64?
INDUSTRIAL POLICIES A presentation by Avish Shah (A-64), Arpit Kawdia (A-31), Trisha Patel (A-67), Shital Soni (A-59), Rohan Reshamwala (A-69) and Kushal Karia (A-63). 2.