Govt decides to return to drawing board on proposed industrial policy

The new policy is expected to tie in existing government initiatives and serve as a focal point for various industry-wise policies

The government has decided to return to the drawing board on the proposed industrial policy, despite announcing about two years back that the current policy framework could be overhauled. 

The primary reason behind this remains the lack of a proper draft. However, sources said, the decision has little to do with the announcement of Lok Sabha elections and the model code of conduct. 

Despite repeatedly insisting that the draft is ready, it appears that the Commerce and Industry Ministry is yet to agree on the broad contours of the policy, a senior government official said. In the meantime, the government has continued