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Question
When was the Industrial Licensing Policy implemented?
When was the Industrial Licensing Policy implemented?
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Solution
The correct option is D 1970
The Industrial Licensing Policy was implemented in 1970. 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.
The Industrial Licensing Policy was implemented in 1970. 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.
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