Form fcil composite form for foreign collaboration and industrial. Objective of idr 1951 empowering the government to take necessary steps to regulate the pattern of industrial development through licensing. The new industrial policy was announced in july, 1991 in the midst of severe economic instability in the country. New industrial policy india pdf download for ias exam hello friends welcome to new industrial policy, 1991. Licensing policy was considerably liberalised and simplified for these industries. Unlike what is commonly believed, the last two decades have not seen the twilight of industrial policy.
This paved the way for the industrial policy resolution of 1956, which was the first comprehensive statement on the strategy for industrial development in india. The changed industrial licensing policy was announced in february 1970, by the government of india, according to the recommendations of the administrative. New industrial policy india pdf download for ias exam, industrial policy 1991 and earlier industrial policy notes for ias,upsc examination pdf download. Research joint ventures, licensing, and industrial policy. The industrial policy reforms have reduced the industrial. Status of industrial licensing policy and procedures. What are the main features of the industrial policy of. New industrial policy india pdf download for ias exam. A significantly amended locational policy in tune with the liberlised licensing policy is in place. Industrial delicensing, trade liberalization, and skill. There is a fear amongst some policy makers in the country that competition policy is in conflict with. Industrial and licensing policies free download as powerpoint presentation.
They include alcohol, cigarettes, industrial explosives, defence products, drugs and pharmaceuticals, hazardous chemicals and certain others reserved for the public sector. New undertakings as well as expansion of existing units, requiring an investment of rs. The industrial policy of 1948 was the first industrial policy statement by the government. Thus, government recommends that there should be decentralization of authority and the management of the state undertakings. In a major move to liberalise the economy, the new industrial policy abolished all industrial licensing irrespective of the level of in vestment except for certain industries related to security and strategic concerns, and social reasons.
The list of items covered under compulsory licensing under the industries. In india, there are some regulations and restrictions with regard to establishing industries in. The setting up of industries involving investment of less than rs 1 crore does not require any license. Industrial licensing policy new industrial policy abolished all industrial licensing, irrespective of the level of investment, except for a short list of 18 industries related to the security and strategic concerns, social reasons, hazardous chemicals and over riding environmental reasons and items of elitist consumption. However, delays by the multiple agencies ultimately delayed the approval. Government attention is reserved only for those industries that may impact public. Industrial policy and competition policy in malaysia. The recommendations of the abid hussain committee have been examined in detail. Industry, growth and development, performance, policy, liberalization. Since the liberalization and deregulation of the indian economy in 1991, most industries have been exempt from obtaining an industrial license to start manufacturing in india.
All items of electronic aerospace and defense equipment, whether. Drugs and pharmaceuticals according to drug policy. Indian industrial policy in the period 1950 to 1980, as embodied in its fiveyear plans, has long been the subject of intense criticism from the powerful neoliberal critics of the countrys development. In section iv, i discuss existing industrial policy programs and evaluate them in light of the foregoing discussion. Current industrial licensing policy in india gktoday. Notification of integrated industrial licensing policy iilp under section 9a of haryana development and regulation of urban areas act, 1975. The new industrial licensing policy is oriented towards providing greater opportunities to fresh entrants in the industrial field and the small entrepreneurs. It signified the involvement of the indian government in the development of the industrial sector. Industrial delicensing policy or the end of red tapism. Industrial policy indo american chamber of commerce. The industries development and regulation act of india.
Under the industrial licensing policies, private sector firms have to secure licenses to start an industry. Eight years have passed since this declaration on industrial policy. In india, industrial licenses are regulated by the idra act, and cover a restricted list of industries since the economic liberalization in 1991. The industrial policy recognizes that with the growing participation of the state in industry and trade, the management of these activities will assume considerable importance. Sop for issue of export authorizations 6759 kb green channel policy 5735 kb outsourcing and vendor development guidelines for dpsus and ofb 198 kb. Let us make an indepth study of the features and comments of the industrial policy of 1991. Industrial and licensing policies industrial policy entrepreneurship. Industrial licensing was also abolished for all except short list of 18 industries in new industrial policy 1991. Investment, licensing, manufacturing, electricity, gas, mining. Industrial undertakings exempt from obtaining an industrial license are required to file an industrial entrepreneur memoranda iem in part as per prescribed format with the secretariat of industrial assistance sia, department of industrial policy and promotion, government of india, and obtain an acknowledgment. Industrial policy of 1991 industrial development in.
Currently 2015, only five industries are under compulsory licensing mainly on account of environmental, safety and strategic considerations. Under this policy, with the exception of 18 industries, licensing system has been removed for all other industries. The policy abolished industrial licensing for all projects with the exception of a few selected sectors. Industrial policy is a document that sets the tone in implementing, promoting the regulatory roles of the government. 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 indias industrial development. The importance to the economy of securing a continuous increase in production. Republic of namibia ministry of trade and industry namibias industrial policy this document outlines namibias industrial policy, which is aimed at achieving vision 2030. List of industries in respect of which industrial licensing is compulsory schedule ii pdf. Drugs and pharmaceutical have been removed from the list of items requiring compulsory licensing vide notification no. The licence raj or permit raj raj, meaning rule in hindi is the elaborate system of licences, regulations and accompanying red tape that were required to set up and run businesses in india between 1947 and 1990. Items of manufacture falling under the list of compulsory licensing only 5 industries are in the list ii. Notification us 9a integrated industrial licensing policy. Summary of indias industrial policy economics discussion.
Driver licensing company drivers and anyone authorized to drive the company vehicles must have a valid drivers license issued in the state of residence for the class of the vehicle being operated and must be able to drive a vehicle. New industrial policy of the government, objectives of. The emergence of the vibrant small scale industrial sector and the policy measures since 1956 onwards have been evaluated. Vietnams industrial policy designing policies for sustainable development.
Now there are only 6 industries for which licensing is compulsory as amended in february 1999. Industrial licensing policy inquiry committee 1969 and fera 1973. The governments liberalization and economic reforms programme aims at rapid and substantial. Much of the past and present successes of the malaysia economy have been credited to a series of industrial policies in malaysia since the 1960s. Norms and policy september 6, 2017 posted by india briefing written by vasundhara rastogi reading time. Major objectives of indias new industrial policy 1991. Industrial policy as a prospective development tool has traditionally been associated with a desire to use trade protection to promote infant industries that grow to become internationally competitive, while generating externalities and spillovers to compensate the.
Consider the following statements and identify the right ones. The industrial policy reforms have reduced the industrial licensing requirements, removed restrictions on investment and expansion, and facilitated easy access to foreign technology and foreign direct investment. Industrial licensing is compulsory for the following industries. Further, the exemption from licensing applied to all substantial expansions of existing and new units. Prepared under undp harvard policy dialogue papers. Army and defence, forest conservation, industries engaged in manufacturing goods which are harmful to the. Application for industrial license is required to be submitted in form fcil to department of industrial policy and promotion.
In j uly 1969, an industrial licensing inquiry committee was appointe d to examine the shortcomings in licensing policy. The broad objectives of new industrial policy are as follows. State must play of progressively active role in the development of industries. Since it is a policy document, it is confined to principles and broad parameters that will guide namibias approach towards industrial policy over the next two decades. This licensing policy mainly aims to giving much freedom. Did you apply for licencelicences under the industries development and regulation. What are the features of new industrial policy of 1991. New industrial policy 1991 abolished licensing for most industries except 6 industries of strategic significance. Series on vietnams wto accession and international competitiveness research policy. Industrial policy of india since independence paper tyari. It was an effort to expand the industrialization and uplift the economy to its deserved heights.
No industrial approval is required from the government for locations not falling within 25 kms of the periphery of cities having a population of more than one million except for those industries where industrial licensing is compulsory. However, of these 18 industries, categories have been removed. In their view it was the change away from indias traditional industrial policy in 1991 towards liberalisation, deregulation, and market. It provided for the automatic clearance for import of capital goods. What are the major objectives of the new industrial policy. The term plays off british raj, the period of british rule in india. If a non ssi unit intends to manufacture items reserved exclusively for the small scale sector.
One company underwent industrial product manufacturing license renewal with the understanding that it would be complete within a set period. Scribd is the worlds largest social reading and publishing site. A full realization of the industrial potential of the country calls for a continuation of this process of change. The role of industrial policy as a development tool. Some of those 18 industries, where the licensing system is still mandatory are. It was coined by indian freedom fighter and statesman chakravarthi rajagopalachari, who firmly. Process and procedure of industrial license in india. Of india industrial policy resolution 1948 6 april, 1948 the resolution emphasized at the following. Status of industrial licensing policy and procedures the governments liberalization and economic reforms programme aims at rapid and substantial economic growth, and integration with the global economy in a harmonized manner. Pdf research joint ventures, licensing, and industrial.