Business Environment, 4th Edition by Pearson

3

Industrial

Licensing

66

INDUSTRIAL LICENSING IN INDIA

The Constitution of India in its Preamble and the Directive Principles of State Policy

laid

do

wn that a state has the power to control and regulate economic

activities.

The

Directive Principles of State

Policy specifically

require the state to direct its policy

towards securing the following:

1. Equal right of men and women to adequate means of livelihood

2. Distribution of ownership and control of the material resources of the

community to

t

h

e

common

g

oo

d

3. To ensure that the economic system does not result in concentration of wealth

and

me

a

n

s

of production to the common

detr

i

men

t

4. Equal ...