Conference on South-South cooperation in industry, trade & investment
12 Sep '07
3 min read
India has followed a consistent and calibrated industrial policy over the last few decades which has yielded significant results and made it a role model for other developing countries, especially Africa.
The process of continuity with change was brought out in a presentation on “Industrial Policy – The Indian Perspective” by Shri N.N. Prasad, Joint Secretary, Department of Industrial Policy and Promotion (DIPP), at the International Conference on India-Africa Cooperation in Industry, Trade and Investment, which has been organized by the United Nations Industrial Development Organisation (UNIDO) in cooperation with the Government of India , under the banner of the UNIDO Centre for South-South Industrial Cooperation(UCSSIC), and was inaugurated yesterday by Shri Kamal Nath, Minister of Commerce and Industry.
Known as the Sanjay Lall Memorial Conference, the five-day event is being attended by 42 delegates from 13 African countries – Cameroon, Ethiopia, Ghana, Kenya, Madagascar, Mozambique, Nigeria, Senegal, South Africa, Sudan, Tanzania, Uganda and Zambia. “We would like to continue to share our experience, our expertise, our technology with Africa”, the Minister had said, adding that India had as much to learn as to teach.
Shri Prasad in his presentation explained the three Ds that characterized India's industrial policy – viz., decontrol, deregulation and de-bureaucratisation. Whereas, earlier 100s of inspections had to be gone through for setting up a factory, there had since been a sea change with drastic simplification of procedures and end of the licence raj, Shri Prasad said while stressing importance of a holistic approach to industrialization covering all aspects of industry from capital flows and foreign direct investment (FDI) to technology transfer and intellectual property rights(IPRs).
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