Question

What is the industrial policy of 1973 ?​

Answer 1

Answer:

In the Industry Policy Statement 1973, the term “Core Industries” was included. It referred to the 6 Core Industries: They were called the basic industries or infrastructure industries. The private players were allowed to apply for licensing in these industries and for that they required Rs. 20 Crore assets or more.

Explanation:

Answer 2

Answer:

Indian Policy Statement of 1973 identified high priority industries with investment from large industrial houses and foreign companies were permitted. Large industries were permitted to start operations in rural and backward areas with a view to developing those areas and enabling the growth of small industries around.