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What was the one major proposal of new industrial policy(1991)?

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Question

What was the one major proposal of new industrial policy(1991)?

Options

  • NRI’s will not be allowed for capital investment in India.

  • Facility of FDI upto 51 percent in high priority industries

  • Import restrictions on technical know how for one year

  • Abolition of industrial licencing except for six industries.

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Solution

Import restrictions on technical know how for one year

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