Question : New Industrial Policy

(a) whether the Government has recently decided to unveil a new industrial policy and proposes to include a substantial chapter and paragraphs on the importance of design and if so, the details thereof;

(b) whether the existing industrial policy is having any bottlenecks and if so, the details thereof;

(c) whether the Government has discussed the matter with various industrial units in the country and if so, the reaction of such units to the proposed new policy;

(d) whether the proposed policy will completely revamp the industrial policy of 1991 and if so, the details thereof; and

(e) whether it is true that the Government is considering to set up a National Design Centre and if so, the details thereof?

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THE MINISTER OF COMMERCE & INDUSTRY
(SHRI SURESH PRABHU)

(a) to (e): A statement is laid on the Table of the House.

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STATEMENT REFERRED TO IN REPLY TO PARTS (a) to (e) OF LOK SABHA STARRED QUESTION NO. 96 FOR ANSWER ON MONDAY, THE 17TH DECEMBER, 2018.

(a) to (e): The existing Industrial Policy was formulated in the year 1991. In view of the rapidly changing landscape of manufacturing and services, as well as in the light of the new technologies and business models which are prevalent now, the need for a new industrial policy to address the existing challenges and take advantage of the future opportunities has been felt. Therefore, the Government has decided to formulate a new Industrial Policy which would be a roadmap for all business enterprises in the country. In this regard, consultations have been held with stakeholders to get their ideas and feedback. Keeping in view all such inputs, a new Industrial Policy is under consideration of the Government.
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