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Question
I arrived in India in 1970 and allowed big industrial houses and foreign companies to invest in heavy industries in the private sector. Within two years of my arrival, 3 lakh 18 thousand small companies were registered with the government. Who am I?
I arrived in India in 1970 and allowed big industrial houses and foreign companies to invest in heavy industries in the private sector. Within two years of my arrival, 3 lakh 18 thousand small companies were registered with the government. Who am I?
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Solution
The correct option is D Industrial Licensing Policy
In 1970, the government passed an Industrial Licensing Policy. It states that all those factories requiring an investment of more than 5 crore rupees were to be included as heavy industries. The policy also allowed big industrial houses and foreign companies to invest in heavy industries in the private sector. By the end of 1972, 3 lakh 18 thousand small industries registered with the government registration office.
In 1970, the government passed an Industrial Licensing Policy. It states that all those factories requiring an investment of more than 5 crore rupees were to be included as heavy industries. The policy also allowed big industrial houses and foreign companies to invest in heavy industries in the private sector. By the end of 1972, 3 lakh 18 thousand small industries registered with the government registration office.
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