History CH 8 - Industry and Trade — Social Studies STD 9 — Question

(i) In the fourth five year plan, focus was placed on paper industry, pharmaceutical industry, motor-tractor industry, leather goods, textile industry, food processing industry, oil, colour, sugar industries, etc.

(ii) According to the Industrial Licensing Policy of 1970, all those factories requiring an investment of more than 5 crore rupees were to be included as heavy industries.

(iii) The big industrial houses and foreign companies were allowed to invest in heavy industries that were not reserved for the public sector.

(iv) As a result of this policy, by the end of 1972,3 lakh 18 thousand small industries were registered with the government registration office.