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Industrial Policy

The Industrial has been formulated with a view to ensure all-round and sustainable growth of industry in the State, through innovative initiatives for development of key potential sectors. The objectives of the policy are to:-

Create the conducive industrial climate in the State;
Provide global competitive edge to the State's industrial units;
Achieve higher and sustainable economic growth with emphasis on balanced regional development;
Generate employment opportunities;
Encourage greater private and public investment in industrial and infrastructure development.
These policy objectives can be realized through the following strategies, namely :
Identification of thrust sectors;
Building up of quality infrastructure;
Incentivising investments for employment generation in districts low on Human Development Index;
Attracting mega investments both foreign and domestic;
Commercial exploitation of local resources and local economic potential;
Strengthening the small and medium sector through promotion of quality competitiveness, research and development and technology upgradation;
Streamlining procedures, debottlenecking and creation of hassle free industry friendly environment;
Strengthening institutional support, etc.