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The Industries (Development and Regulation) Act (Irda)
Faster growth of the industrial sector on a sustained basis is a major determinant of a country’s overall economic development. With the view to quickening the phase of industrial development, the Government of India has been putting a set of industrial policies in place, from time to time, to facilitate and foster the growth of Indian industry and improve its productivity and competitiveness in the global market.
In order to equip the Central government with the powers to implement its industrial policies, several legislations have been enacted and also amended in due course in response to the changing environment. The most important of the pieces of these legislations was the Industries ...
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