New Industrial Policy of 1991
GPTKB entity
Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Indian government policy
|
| gptkbp:abolished |
asset limit for MRTP companies
industrial licensing for most industries |
| gptkbp:aimsTo |
gptkb:government
globalization modernization export promotion liberalization market-oriented reforms improving efficiency reducing government intervention attracting foreign capital increasing competitiveness promoting entrepreneurship reducing red tape removing industrial bottlenecks technological upgradation |
| gptkbp:allows |
private sector entry in many industries
automatic approval for FDI up to 51% in high-priority industries automatic approval for foreign technology agreements |
| gptkbp:announced |
gptkb:Government_of_India
gptkb:Manmohan_Singh gptkb:P._V._Narasimha_Rao 24 July 1991 |
| gptkbp:delicensed |
all but 18 industries
|
| https://www.w3.org/2000/01/rdf-schema#label |
New Industrial Policy of 1991
|
| gptkbp:influencedBy |
balance of payments crisis
IMF recommendations |
| gptkbp:introduced |
Board for Industrial and Financial Reconstruction (BIFR)
MRTP Act amendments |
| gptkbp:ledTo |
increase in foreign investment
economic reforms in India growth of Indian economy increase in competition |
| gptkbp:promotion |
technology transfer
foreign direct investment joint ventures private sector participation |
| gptkbp:reduces |
tariffs
industrial licensing import restrictions barriers to entry for new firms monopoly controls number of industries reserved for public sector number of industries under compulsory licensing regulatory controls role of public sector |
| gptkbp:reorganizedAs |
public sector enterprises
|
| gptkbp:shifted |
focus from public to private sector
|
| gptkbp:bfsParent |
gptkb:Economic_liberalization_in_1991
gptkb:Industrial_Policy_Resolution_of_1956 |
| gptkbp:bfsLayer |
8
|