1.full safeguards to be provided to protect lawful investment of foreign and
local capital.
2.there will be no restriction on private investment in any sector except in
some defence oriented and sensitive areas.
3.the government's role in management of industry is to rapidly shift to regulatory
role to encourage private investment.
Public sector investments will continue in sensitive industries and in industries
where private capital is shy or profits are
low, such as defence, hydro power projects, communications, steel, infrastructure
development. Policy of mixed
economy, called public-private-partnership will also continue.
4.accelerate and balanced industrial development in all the regions, specially
in the backward and rural areas is to be
ensured.
5.investment in setting up industries in traditional sectors such as textiles,
sugar, will be shifted to heavy engineering, value
added and hi-tech industries.
6.collateral requirements for providing credits to professionals and small investors
for setting up industries, improvements in
technologies, development of construction industry is to be relaxed and use
of insurance guarantees for construction
industry will be encouraged.
7.setting up of small factories and workshops by engineers, artisans, craftsmen,
and skilled workers is to be encouraged
and availability of credit for them will be facilitated by setting up separate
banks for entrepreneurial development and for
artisans.
8.system of providing small credit facilities at the lowest strata of the society
to generate income without collateral on the
pattern of Grameen Bank of Bangladesh is to be introduced.
9.multinational joint ventures will be encouraged to improve foreign investment.
10.establishment of export oriented industries will be given preference.
11.effective steps will be taken to stop smuggling to protect local industries.
12.to encourage spread of industries away from major towns emphasis will be
laid on accelerated development of
infrastructural facilities, electricity and communication at new centers.
13.emphasis will be on expanding competition and creating new opportunities
for the private sector by encouraging
government to phase out controls over prices and investment decisions, reduce
subsidies, and other special incentives
which prevent competition from spurring efficiency and innovation. Trade and
incentives policy reforms will be
introduced to promote exports, foster increased competition and encourage domestic
and foreign private investment.