Please enable JavaScript.
Coggle requires JavaScript to display documents.
INDUSTRIAL POLICY AND ASSOCIATED ISSUES (Constraints to Industrial Growth,…
INDUSTRIAL POLICY AND ASSOCIATED ISSUES
Background
striking aspect of India’s recent growth has been the dynamism of the service sector
manufacturing has been much less robust
Constraints to Industrial Growth
Inadequate infrastructure
Restrictive labour laws
Complicated business environment
Slow technology adoption
Low productivity
Challenges for trade
Inadequate expenditure on R&D and Innovation
Recommendations of the Parliamentary Standing Committee on Commerce report on ‘Industrial Policy in the Changing Global Scenario’
Research and Development
IPR Framework
It must ensure that no higher IP standards of protection may be agreed to other than those included in TRIPS
National Manufacturing Policy
should be reoriented to promote smart manufacturing
Revisit Technology Acquisition and Revisit Technology Acquisition and Development Fund (TADF) framework to facilitate smooth induction of smarter industrial processes and sustainable practices in our manufacturing sector
Revive the investments in capital goods industries
MSME Sector
Access to information, simplification of loan procedures and interest subvention
Labour and Industrial growth
Reduction and simplification of the plethora of laws existing in the labour sector
Greater skill-industry interface