Industrial policy reform from 1947 to …
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Meghna Thapar 4 years, 10 months ago
Industrial policy reform envisaged mixed economy wherein public and private sector would coexist. It underlined the need for increased state participation in industrial progress. It called for assistance to small-scale industries and welcomed foreign capital. In 1991, the government announced a specified list of high technology and high-investment priority industries wherein automatic permission was granted for foreign direct investment (FDI) up to 51 percent foreign equity. The limit was raised to 74 percent and subsequently to 100 percent for many of these industries.
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