A brief note on role of government in establishing various industries

1.	A brief note on role of government in establishing various industries and policies.
Answer» Establishing various institutions and policies: Government makes industrial policies and also makes necessary changes time to time to help industries grow properly. Government frames several favourable policies like import policy, export policy, monetary policy, fiscal policy, tax policy, etc. Government drafts laws like Industries Act, Company Act, Competition Act, etc. to prevent unfair competition. Government has also created institutions such as IDBI, SIDBI, ICICI, IFCI, GIC, etc. to provide financial help to various industries. It also makes efforts and policies to attract roreign investment in India.

A brief note on role of government in establishing various industries and policies.

Answer»

Establishing various institutions and policies:

Government makes industrial policies and also makes necessary changes time to time to help industries grow properly.
Government frames several favourable policies like import policy, export policy, monetary policy, fiscal policy, tax policy, etc.
Government drafts laws like Industries Act, Company Act, Competition Act, etc. to prevent unfair competition.
Government has also created institutions such as IDBI, SIDBI, ICICI, IFCI, GIC, etc. to provide financial help to various industries.
It also makes efforts and policies to attract roreign investment in India.