SSC MTS EXAM

Detailed explanation-1: -On April 30, 1948, the Government of India passed a policy resolution – The Industrial Policy Resolution, 1948 (IPR, 1948). It divided the industrial sector into four broad groups: Group 1 – Basic and strategic industries like arms and ammunition, atomic energy, railways, etc.

Detailed explanation-2: -After having attained independence, the Government of India declared its first Industrial Policy on 6th April, 1948. The Industrial Policy 1948 was presented in the parliament by then Industry Minister Dr. Shyama Prasad Mukherjee.

Detailed explanation-3: -The major objectives of the industrial policy are de-licensing, foreign investment, public sector de-reservation, localized policy etc.