After reading this article you will learn about the role of important institutions in the development of small industries. National Small Industries Corporation: This Corporation was established in 1955 with a capital of Rs. 10 lakhs, subsequently raised to Rs. 50 lakhs, entirely subscribed by the Central Government. Objectives: (a) To secure a reasonable share of Government orders for small-scale [...]
After reading this article you will learn about the industrial policy followed in India during the pre-independence and post-independence period. Pre-Independence Period: During the British rule, the alien Government took passive attitude towards industrialisation of the country. Following a lassie: faire policy, the then Government was bent upon turning India into an agricultural colony and economic satellite of the British [...]
In a backward country like India, industrial progress and the general economic growth cannot be speeded up without the positive assistance and participation of the state. It is the state which has to create a congenial climate for industrial investment and employment. The State has to provide opportunities for industrial growth, promotion of trade and building up of infrastructure essential [...]