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Griha laxmi magazine
Buy and subscribe Griha laxmi magazine published this article page no 42 the industrial licensing system has been abolished for all except six industries related to security strategic or environmental concerns. at the same time the number of industries reserved for public sector since 1956 have been reduced from 17 to 4. industries related to atomic energy substances specified in the schedule of the department of atomic energy as well as railways have remained under the public sector Read More....
Griha laxmi magazine Buy and subscribe Griha laxmi magazine published this article page no 43 the government also has decided to offer a part of the shareholdings in the public enterprises to financial institutions general public and workers. the threshold limits of assets have been scrapped and no industry requires prior approval for investing in the delicensed sector. they only need to submit a memorandum in the prescribed format. in the new industrial policy foreign direct investment fdi has been seen as a supplement to the domestic investment for achieving a higher level of economic development. fdi ... Griha laxmi magazine Buy and subscribe Griha laxmi magazine published this article page no 44 the industrial policy has been liberalised to attract private investor both domestic and multi-nationals. new sectors like mining telecommunications highway construction and management have been thrown open to private companies. in spite of all these concessions foreign direct investment has not been up to the expectation. there has been a big gap between approved and actual foreign direct investment even though the numbers of foreign collaborations are increasing. larger parts of this investment have gone to do... Griha laxmi magazine Buy and subscribe Griha laxmi magazine published this article page no 45 the thrust of globalisation has been to increase the domestic and external competition through extensive application of market mechanism and facilitating dynamic relationship with the foreign investors and suppliers of technology. in indian context this implies 1 opening of the economy to foreign direct investment by providing facilities to foreign companies to invest in different fields of economies activity in india 2 removing restrictions and obstacles to the entry of multinational companies in india 3 allowi... Griha laxmi magazine Buy and subscribe Griha laxmi magazine published this article page no 46 further gap between developed and developing states has become wider. major share of both domestic investment as well as foreign direct investment went to already developed states. for example out of the total proposed investment by the industrial entrepreneurs during 1991-2000 nearly onefourth 23 per cent was for industrially developed maharashtra 17 per cent for gujarat 7 per cent for andhra pradesh and about 6 per cent for tamil nadu while uttar pradesh the state with the largest population has only 8 per cen...