Industrial self-reliance means that the people of India establish and operate industries with their own technical knowledge finances and using machines manufactured in our own country without depending on others.
The Govt of India formulated an industrial policy in 1956 with the objectives of –
- increasing industrial output,
- generating employment,
- dispersal of industries,
- removing regional imbalances in the industrial development and
- the development of village and small-scale industries.
Through planned development of Industries, we now manufacture several types of industrial goods. A major breakthrough has been achieved in the production of capital goods. India is now self-reliant in the production of heavy machines and equipment used in mining, irrigation, power projects, transport and communication. We use machines fabricated in India for cement, textile, iron and steel and sugar industries etc.
Public sector has played an important role in achieving industrial self-reliance.
- Iron and steel, railway equipment, petroleum, coal and fertilizer industries, have been developed in this sector. These industries were established in industrially backward regions.
- During the seventh five-year plan an emphasis was laid on high technology, high value addition and knowledge based industries like electronics, advanced machine tools and telecommunications.
Bibliography : NIOS Geography Book