Industrial Policy-1991

1.. Scrapping of Industrial Licensing and Registration Policies

2. End to Monopoly Law
3. Encouraging foreign Investments
4. Redefining the role of public sectors
Objectives
Self – reliance to build on the many sided gains
already made
Encourage Indian entrepreneurship, promotion of
productivity and employment
Development of indigenous technology through
greater investment in R& D
Removing regulatory system
Increasing the competiveness of industries
Objectives - conti
Incentives for industrialization of backward areas
Enhance support to small scale industries
Ensure running of public sector undertaking (PSU)on
business line and cut the losses
Protect the interest of workers
Abolish monopoly of any sector
To link indian economy to global markets
In line to the above objectives
Industrial licensing
Foreign Investment
Foreign Technology Agreements
Public Sector policy
MRTP ACT
The Competition Act-2002
Improve the productivity
Increase quality and
Protecting the consumer
Raghavan Committee
Objectives
Economic development-commission is to be
established to prevent practices having adverse impact
on competition
To promote and sustain competition in markets
To protect the interest of the consumers and
To ensure freedom of trade
The act seeks to deal with market failure
Restrictive practices of the act
Price fixing
Bid ragging
Re-sale price fixation
Exclusive dealing