Industrial Policy 2016: A Critical Review and Suggestions

Industrial Policy 2016: A Critical Review and Suggestions

  • To increase industrial products to meet the internal demand and export demand.
  • To reduce import-dependency and diversifying products and product bases to achieve increased national income and a higher GDP growth rate.
  • To take appropriate measures for establishing environment-friendly industries.
  • To determine the nature and quantity of govt. incentives depending on the contribution and prospects of the industries.
  • To strengthen the cooperative effort between govt. sector and the private sector for expansion of the labor-intensive cottage, small and medium industries.
  • To bring necessary reforms and modernization in the state-owned industries.
  • To protect the patent rights, designs; manage industry waste scientifically; and protect consumer rights and enact necessary laws.