(a) whether there is a proposal to formulate new Industrial Policy in the country;
(b) if so, whether the new policy has been drafted;
(c) if so, the salient features thereof ; and
(d) the expected date of announcement of such policy?
(a) whether there is a proposal to formulate new Industrial Policy in the country;
(b) if so, whether the new policy has been drafted;
(c) if so, the salient features thereof ; and
(d) the expected date of announcement of such policy?
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY(SHRI JYOTIRADITYA M . SCINDIA)
(a) to (d): The Industrial Policy of the Government is guided by the Statement on Industrial
Policy 1991. At present, a few sensitive industries require licensing under the Industries (Development and Regulation) Act, 1951. In keeping with the Government’s policy of progressive
liberalization, the role of the Government remains more of a facilitator. As such, there is no
proposal with the Government to formulate a new industrial policy.