what are the objective of industrial licensing
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What was the main objective of industrial licensing? Its aim was to establishment, expansion and ownership of private industries according to priorities of five-year plans and to check the monoply tendency in industries. It also had the objective of removing regional disparities.
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ɪᴛꜱ ᴀɪᴍ ᴡᴀꜱ ᴛᴏ ᴇꜱᴛᴀʙʟɪꜱʜᴍᴇɴᴛ, ᴇxᴘᴀɴꜱɪᴏɴ ᴀɴᴅ ᴏᴡɴᴇʀꜱʜɪᴘ ᴏꜰ ᴘʀɪᴠᴀᴛᴇ ɪɴᴅᴜꜱᴛʀɪᴇꜱ ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ᴘʀɪᴏʀɪᴛɪᴇꜱ ᴏꜰ ꜰɪᴠᴇ-ʏᴇᴀʀ ᴘʟᴀɴꜱ ᴀɴᴅ ᴛᴏ ᴄʜᴇᴄᴋ ᴛʜᴇ ᴍᴏɴᴏᴘʟʏ ᴛᴇɴᴅᴇɴᴄʏ ɪɴ ɪɴᴅᴜꜱᴛʀɪᴇꜱ. ɪᴛ ᴀʟꜱᴏ ʜᴀᴅ ᴛʜᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇ ᴏꜰ ʀᴇᴍᴏᴠɪɴɢ ʀᴇɢɪᴏɴᴀʟ ᴅɪꜱᴘᴀʀɪᴛɪᴇꜱ.
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