75 Years of Industrial, Infrastructural and Logistics Development in India: 1947-48 to 2021-22 - Dr Makarand Upadhyaya - Bog - New Century
Post-Independence, Indias industrial policy was shaped broadly in terms of the Industrial Policy Resolution of April 1948. That Resolution emphasised clearly the responsibility of government in the matter of promoting, assisting and regulating the development of industry in the national interest. It envisaged for the public sector, an increasingly active role. The 1948 Resolution was reviewed in the light of experience gained, and the new Industrial Policy Resolution was placed before the Parliament on April 30, 1956. The Industrial Policy Resolution, 1956, launched on the eve of the Second Five Year Plan (1956-61), was called by many as the economic constitution of India. It classified industries into three categories, having regard to the part which the state would play in each of them. Economic reforms initiated in 1991 marked a clear change in direction as successive governments started paying attention to difficulties faced by businesses. The Industrial Policy Statement in the Indian Parliament on July 24, 1991, introduced radical changes to unshackle the Indian industrial economy from the cobwebs of unnecessary bureaucratic controls. Since then, Indian industry has upgraded technology and product quality to a significant degree and met the challenge of openness after being protected for so long. Recently, the Government has launched a number of programmes/schemes to rejuvenate and modernize the Indian industry. These have included, inter alia, Make in India Campaign, Start-up India Initiative, Stand-up India Scheme and Smart Cities Mission. Till recently, as the government implemented and financed the bulk of infrastructure outlays, all the attendant project risks were also borne by the government. The pattern of financing witnessed in the past has undergone a change with the transition from predominant state investment in infrastructure to increasing private/foreign participation. While the reliance on domestic sources continues as in the past, these are being augmented by foreign funds in the form of equity as well as debt. Logistics refers to a series of services and activities, such as transportation, warehousing, and brokerage, which help to move goods and establish supply chains across and within borders. Recognizing the importance of logistics for exports and growth, the government has included logistics in the harmonized master list of the infrastructure sub-sector. This has eased access to credit and simplified the approvals process for building infrastructure in the sector. Also, the Logistics Division in the Department of Commerce, Ministry of Commerce and Industry, Government of India was created on July 7, 2017. This book is an exhaustive account of developments in the related fields of industry, infrastructure and logistics since Independence in 1947. It provides an understanding of the various problems and situations faced by the country in its journey from a stagnant colonial economy to a modern vibrant industrial power. The book contains 23 chapters which have been organized into 3 parts. Part I (chapters 1 to 11) is titled Industrial Policy and Promotion. It explains and examines Indian industry during the British rule, post-Independence industrial policy, legal and institutional framework for industrialization, rise and fall of public sector enterprises (PSEs), problems and policies pertaining to micro, small and medium enterprises (MSMEs), industrial relations and labour law reforms, entrepreneurship development, Make in India Campaign, Start-up India and Stand-up India initiatives and other related topics. Part II (chapters 12 to 21) is titled Infrastructural Development and Upgradation. It deals with pre- and post-Independence state of infrastructure, energy sources and management, transport modes and services, telecommunications and information technology (IT), special economic zones (SEZs), water resources and irrigation, rural and urban infrastructure and services and some other topics pertaining to infrastructure. Part III (chapters 22 and 23) is titled Logistics Development and Services. This part is devoted to meaning and importance of logistics and the various dimensions of logistics services and support in India.