Industrial Sector - Science and Technology are systematically observed in the industrial sector for large investment in the industrial sector program
Industrial Sector - To achieve growth with Social justice and improving productivity the objective of the development programmes and policies in the industrial sector would be :
1) To ensure your adequate supply of wages goods and consumer article of mass consumption at reasonable prices and of acceptable quality
2) To maximize the utilisation of the existing facilities through restructuring improved productivity and upgradation of Technology
3) To concentrate on development of industries with the large domestic market and export potential to emerge as a world leaders in them for
4) To usher in "Sunrise" Industries with high growth potential and relevance to our needs and
5) To evolve all an integrated policy towards self Reliance is strategies fields and opening up avenues for employment of skilled and trained manpower
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Corruption Causes - USA, UK And Western Europe.
Industrial Sector involves
The goals of long term economic development can be achieved only if there is a planned and progressive restructuring of industry
The trends of shift from traditional Industries to basic metals , fertilisers and industrial manufacturers will have to continue with an increasing share for the emerging Technology incentive industries.
In the evolution of an industrial structure capable of meeting domestic needs and competing in world market "Sunrise" industries have a special role to play
The investment pattern and policy Framework should facilitate structural change within the industrial sector towards high Technology , high value added and knowledge based industries like electronics , advanced machines tools and telecommunication.
As defence production involves many areas of applications of sophisticated Technology appropriate link will also be forged between defence needs and industry
the main objective of the reconstructing process would be to usher in a pattern of industrial development which would take India into the ranks of leading industrial countries of the world.
Efficient Use Of Capital
Large investment have been made in the industrial sector ,And programs in the seventh plan will be focus on the efficient use of these investment so that surpluses could be generated for further investment.
This will apply Especially to those units where capacity utilisation has been Low and marginal investment in removing constraint can give significant returns.
Improvement in maintenance would go a long way in contributing to better capacity utilisation.
It is also essential that maintenance and health of the existing project be fully insured before any expansion is Undertaken.
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Administrative Corruption - Real Life Silly Mistake Lesson.
Industrial Sector Creates Infrastructure
A basic premises of the seventh plan Industries strategy is that given the existing Industrial base, the emerging policy framework and the enter - preneurial talents industry would grow rapidly if infrastructural constraints are removed
The resource allocation strategy for the public sector has been built on this premise.
Above all , a coordinated approach to the functioning of the different types of subsector of infrastructure, and improvide management in each , will lead to efficient use of existing capacities and yield of higher productivity
More specifically , Emphasis is being placed on additional availability of power through more efficient management of the existing capacity as well as the establishment of new power stations including Super Thermal and nuclear plants
Energy saving techniques will be used and waste heat utilised to a much larger extent than hittherto.
Energy intensive Industries will per force have to be de- emphasised until there is adequate improvement in the availability of power in the country.
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Political Corruption - Role Nature Causes Effect.
Industrial Sector Reforms
The revistalisation of the industrial sector requires a composite policy package which would stimulate a substantial degree of the competitions within the sector, while at the same time directing growth to "desired" areas through a system of incentives rather than fiat.
Such need is urgent in industries like Textiles and sugar where a large number of units were set up in the early parts of 20 century and have gravely suffered from a absense of modernization.
More generally, new technologies are a major instrument from maximizing our value added potential
Recognising its major role in this areas government must create an economic environment which regards technological upgradation and penalises inadequate efforts.
Encouraging modernization and technological upgradation together with injecting substantial degree of competitions would bring about a reduction in cost an improvement in quality.
Another area of far reaching significance for industrial plannings is that a product development.
The index of Technological strength of an industry is its ability to introduce viable new products in the market.
Maintaining International competitiveness requires not merely efficient and magnifacture according to original product design standards but also putting in the market products that meet the changing requirement of the users.
Forward planning in respect of these would be undertaken and exchange of experience with friendly countries will be encouraged.
All major public sector organisation should have time bound goals for new Products Development.
In this task, they should associate research establishment and academic Institutions.
In the case of private sector industry, some new product development programs have been identified through the Development Council.
Straightening of product design and development environment in engineering industry / Enterprises and introduction of the Computer aided design and manufacture will be given to the development of Electronics industry because of its versatility is adaptability at impact on the quality of performance of other sector.
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