what role did licensing policy and protectionism play in Industrial development of independent India
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The new industrial licensing policy is oriented towards providing greater opportunities to fresh entrants in the industrial field and the small entrepreneurs. ... New undertakings as well as expansion of existing units, requiring an investment of Rs.
The 1956 Policy emphasised the need to expand the public sector, to build up a large and growing cooperative sector and to encourage the separation of ownership and management in private industries and, above all, prevent the rise of private monopolies.
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