Milestones Series: Industrial Policy 1970 | 05 February, 2022

The government introduced the new industrial licensing policy in 1970 on recommendation of the Dutt Committee. As per this new policy, Industries were divided into 4 parts – Core sector, Middle Sector, Non-Core Heavy Investment Sector or Joint sector, Delicensed Sector. The major outcome of this policy was that the role of the large business houses was confined to the core, heavy and export oriented sectors.


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