Page 113 - DECO303_INDIAN_ECONOMY_ENGLISH

Indian Economy

Notes 3. Though the …………………… of industry itself has proceeded from consumer goods to
the capital goods, there are many variations of this pattern, both in terms of time taken to
attain later stages and in terms of relative importance of each of the stages.
4. …………………… of industrialisation involves a straight jump from the first to the third
stage while British pattern is that of a gradual evolution.

5. The alternative to the increase of …………………… primary products from under-
developed countries would be to develop export promoting manufacturing industries.

Caselet Himachal Govt. Supporting Industrial Growth in
Large Scale: Virbhadra Singh

hief Minister Shri Virbhadra Singh said Himachal had made significant progress
in field of industrialization in past few years. He said that government had taken
Cvarious steps to encourage industrial growth by simplifying cumbersome processes
and other formalities. A Land Bank had been established for setting of new industries and
infrastructural facilities in all industrial areas were being improved to ensure availability
of quality power and better communication.
Shri Virbhadra Singh said that State Government was fully dedicated and geared-up to
extend all support to prospective entrepreneurs by way of a provision of infrastructure,
fiscal and other incentives, speedy clearances and other measures. He was interacting with
the Baddi-Barotiwala-Nalagarh Industries Association (BBNIA) on ‘Sustainability and
Investment Promotion’ here, on Friday evening.

He said the government had taken a significant decision to provide all clearances within
90 days for setting up new industrial projects and procedure for the transfer of land for
industrial purposes. The procedures had been simplified for the approval of industries
especially medium, small and micro projects so that apart from generating revenues,
youth could get employment avenues at large scale.
Chief Minister said that State government was coming out with a new industrial policy
wherein it had been proposed to effectively address the issue as regards fiscal concessions
and initiative measures to ensure simplification of various procedures to facilitate the
entrepreneurs.
Shri Virbhadra Singh said it was unfortunate that industrial package to the State was
withdrawn before fixed time period due to pressure from the neighbouring States who
feared that industries were shifting to Himachal Pradesh adding that it was not correct. He
had taken up the matter vigorously with the Prime Minister Dr Manmohan Singh, UPA
Chairperson Smt. Sonia Gandhi and Union Industries Minister Shri Anand Sharma for
restoring the industrial package till 2020, He expressed hope that industrial package would
be restored to the State and it would help in further acceleration of industrial growth.
Shri Virbhadra Singh said that BBN had emerged as industrial hub of the State which was
generating more than 70 per cent of industrial revenue. The BBN Development Authority
(BBNDA) was constituted during his last tenure as Chief Minister with an IAS officer as its
Chairman but previous government kept this post vacant and additional charge was
given to Deputy Commissioner of Solan. He said that a senior IAS officer would be posted
as Chairman of BBNDA to ensure smooth functioning and gearing up the industrial growth.

Contd...

108 LOVELY PROFESSIONAL UNIVERSITY