In developed countries there are several favorable conditions for Industrial Development, but in poor and developing countries there are several problems in its development. Even after some significant developments in the field of Industrialization in India, the country is still agricultural country and 38% of the national income and 70% of the population depends on the land. Continue reading →
Professor P. J. Kurien of Vennikulam, Kerala, is a political and social worker, teacher and educationist. He known for Industrial Policy, 1991.
In order to accelerate Industrial Development in India, and in accordance with the changing circumstances, various industrial policies were declared in the years 1948, 1956, 1977, 1980 and 1985, but in spite of all efforts, the pace and as well as the level of Industrial Development in India, could not reached according to its need. Therefore, in order to lift unnecessary restrictions on Industries, under the licensing policy, and to increase their efficiency, development and technological level, in order to make Indian goods usable in the competitive global market, on 24th July, 1991, in Lok-Sabha the Minister of States for industries, Mr. P. J. Kurian declared the Industrial Policy, 1991.