December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Industrial Licensing | 51
and 20 items of imports were simultaneously decanalized and placed under OGL.
The government expressed its desire to progressively eliminate licensing and
restrictions, so that capital goods, raw materials, and components could be placed
under OGL in due course. Thus, a liberalized trade policy to suit the liberlization in
industrial policy was announced by the government.
EVALUATION OF THE NEW INDUSTRIAL
POLICY
The liberalization process started in 1973 and was carried forward 1985 in 1988, and
1990. It culminated in a manner of opening up of the economy with the industrial
policy of 1991, in consonance with the globalization ...
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