Question

Explain the classification of industries per the industrial policy Resolution 1956.

Answer 1

As per the Industrial Policy Resolution 1956, industries were classified into three categories:

1. Schedule A:
   Only the Government can handle these industries. Some of these are atomic energy, electrical, iron and steel, and others.
2. Schedule B:
   These comprise road and sea transportation, machine tools, aluminum, chemicals including plastics and fertilisers, ferroalloys, and certain types of mining.
3. Schedule C:
   Under this category, the remaining industries and left to the private sector.