Industrial policy1948[1]

brief presentation about industrial policy

1. INDUSTRIAL POLICIES-1948 A presentation by GROUP -1 Farhana jayed [ mba /15] Thoudam suraj singh [ mba /o6] Bikash nath [ mba /38] Bicky b.marak [ mba /13] Mokibur Rahman [ mba /57] Nazibuz zaman [ mba /39] Pooja gogoi [ mba /16]

2. Industrial Policy | Meaning Industrial policy means rules, regulations, principles , policies and procedures laid down by government for regulating, developing, and controlling industrial undertakings in the country . It prescribes the respective roles of the public, private, joint, and co-operative sectors for the development of industries . It also indicates the role of the large, medium and small scale sector .

3. Introduction The Government of India announced its first industrial policy resolution on 6 April,1948. The policy decides priority areas and clear doubts in the minds of private entrepreneur regarding nationalisation of existing industries. The policy resolution laid stress on the role of the state in the development of industry .

4. Objectives:- Achieving industrial development. Promoting standard living of people. Increasing both Agricultural & Industrial production. Providing opportunities for gainful employment. Achieving a self-sustained economy. Achieving faster economic growth . Alleviating poverty. Protecting and developing a healthy small- scale sector . Updating technology and modernization of industry . Liberalization and globalization of economy.

5. Industrial Policy Resolution 1948 ( 6 th April, 1948) The main features of industrial policy are:- 1 }.CATEGORY OF INDUSTRIES:- Public sector:   It includes industries owned and managed by Govt. viz. Arms and ammunitions atomic energy and railways. Public-cum-Private sector:   It included six basic industries coal, iron and steel, aircraft manufacture , ship building, mineral oil, telephones , cable and wireless industry

6. Industrial Policy Resolution 1948 ( 6 th April, 1948) (c) Controlled private sector:   These industries will continue to remain under private sector but Central Govt. will have overall control over them. (d) Private and co-operative sector:   The rest of the industries will be run under private ownership or on co-operative basis Govt. can keep check on these. 2}. COTTAGE AND SMALL SCALE INDUSTRIES :- Rapid development of these industries was emphasised in order to use local resources generating employment revenues and production of consumer goods.

7. Industrial Policy Resolution 1948 (6 th April, 1948) 3}. EMPLOYEE-EMPLOYER RELATION:- It was aimed that employee- employer relations should be congenial. The worker should get fair wages and social security. 4}. CONTROL OVER FOREIGN CAPITAL:- The role of foreign capital for industrial development was recognised. But govt. Took full control over foreign capital to watch the interests of nation . 5}. DEVELOPMENT OF INFRASTRUCTURE:- Special stress was laid on development of roads, railways, electricity and irrigation etc..

8. Conclusion This policy help the industries to encourage the development and growth of all manufacturing sectors as well as others sectors of the economy. It also help to improve and growth of country’s Infrastructure [ transportation , telecommunication and energy industries ] for better economy and wealth.