|
|
|
Economic
Development Policy |
| INDUSTRY |
Back..... |
Continue..... |
POLICY THRUST
The rapidly changing global and domestic environment
requires re-orientation of the State’s Industrial Development Vision.
In recognition of these dynamic changes, it is imperative to consider
the industrial policy initiatives in the context of an overarching
Economic Development Policy.
The Madhya Pradesh Industrial Policy Statement and Action Plan of 1994
had targeted investment attraction in the industrial sector at a time
when delicensing and reduction in controls had unleashed a growth
momentum in the national economy.
The present Industrial Policy 2001-2006 seeks to consolidate the
progress made in the past and lay the foundation for a vibrant economy
based on ‘Connectivity’,
the cornerstone of the State’s Economic Development Strategy i.e. -
Physical Connectivity, Virtual Connectivity and Social Connectivity. In
consonance with this vision,
the Industrial Policy 2001-2006 seeks to connect industry to markets
& suppliers, to infrastructure (both tangible & intangible), to
technology, to government and to skilled manpower as an integrated
effort towards economic development.
The Industrial Policy 2001-2006 seeks to connect
industrial development to the overall Economic Development of the State
by exploring and leveraging linkages and opportunities with other
economic sectors, providing comprehensive infrastructure, achieving
larger value addition within the state, streamlining procedures and the
regulatory framework, aligning institutional mechanisms with the new
industrial paradigms and finally integrating private initiative into the
industrial development process.
OBJECTIVES
OF THE INDUSTRIAL POLICY
The Industrial Policy 2001-2006, attempts to maximize
the trade and industrial development potential of the state by adopting
the following as its objectives:
|
| » |
Facilitate the rapid development of sustainable
competitive advantage within the State
|
| » |
Provide access to world class infrastructure at the door-step of
Industry
|
| » |
Simplify procedures and streamline administration so as to create a
conducive environment for industry and commerce to prosper
|
| » |
Promote exports by providing requisite support to industry to become
internationally competitive
|
| » |
Encourage the development of robust Small & Medium Enterprise
(SME),
Tiny Industries and Rural /
Handloom Industry
|
| » |
Generate employment in the State through the development of a vibrant
industrial sector
|
| » |
Promote balanced regional development through encouragement to rural
industry and local enterprise
|
|
STRATEGY
FOR INDUSTRIALISATON
The government's strategy for industrial development
aims at promoting industrial growth in the context of overall economic
development of the state by fostering clusters around thrust areas,
providing comprehensive infrastructure, facilitative administration,
participative governance of industrial areas and competitive incentives.
Further, it seeks to
to promote maximum integration of private initiative in
the industrial development process of the State. The strategy for industrialization will facilitate industrial
expansion and provide an enabling environment for industrial units,
large, medium and small to evolve into competitive enterprises.
Sustainable solutions to industrial development shall
be evolved keeping in view the strengths of the State. This will be done
by focussing on the following simultaneously:
|
| » |
Cluster Development around sectors of strategic
advantage to Madhya Pradesh such as Food & Agri processing, Textiles
& Garments, Minerals, Gems & Jewellery, Information Technology,
Life Sciences, Tourism
|
| » |
Access to world class infrastructure to investors so as
to enable them to compete effectively in a rapidly globalising world
|
| » |
Ensure a facilitative regime which unleashes the
energies of the private sector and creates an environment in which
industry, both new and old, can thrive.
|
| » |
Provide incentives & concessions to ensure the
realization of the objectives of the State Govt and the true
implementation of the identified Strategy.
|
|
|
Details of specific policy initiatives proposed by the State Government
across each of the strategy components are discussed in the forthcoming
sections.
|
|
|
Back.....
|
Continue.....
|
|
