For a country like India which is trying to achieve a faster industrial growth this new industrial policy was the logical step in the right Direction this policy is a bold step for the liberalisation of the economy which will again result in a faster industrial growth as the industrial sector will be freed from the shackles of award event crippling control.
- The changes which are introduced by new industrial policy will make our Industries competitive both internally as well as in the international market.
- By abolishing the industrial licensing the policy has fulfilled belong felt demand of the industry the evolution of all registration Esteem Wilfried enterpreneur from making and endless trip to New Delhi for seeking permission from the Bureaucracy of the country by industries can now concentrate on their businesses and move quickly to see the new business opportunities
- The scrapping of the MRTP limit by the government will enable the MRTP company to stablished new undertakings and effect plan of expansion merger and alligation and takeover without Priya government approval they shall also have the right to the appointment of the director this provision has been heartily welcome by the business circle
- Reform relating to public sector like privatization and transparent chronically sick unit of the BIFR will improve the performance of the public sector undertaking moreover the disinvestment of public holding of the sum of the public enterprise what subject these Enterprise to the discipline of the market forces
- the new industrial policy is aimed at integrating the domestic economy with the world economy the provision relating to direct foreign investment permit in 51% equity participation in a wide range of industry the easiest facilitation of foreign Technology agreement and other related measures go a long way in extracting foreign investment and Technology
- the trust of the new industrial policy is a step of the growth of industrial production through an efficient use of resources the policy will also and large the quantity of resources the industrial production will be accelerated as the project time and projected cost of production will reduce foreign capital technology and managerial enterprise from abroad will improve the efficiency of production
