REGIONAL PATTERN OF INDUSTRIAL LICENSING 17
this situation could have been improved to some extent if the approval ratio had been higher in backward states (something around 80 to 90 per cent) and lower in advanced states. However,, it may not have worked due to technological reasons, as more weightage is given to the economic viability of the proposals.
18 ILPEC has established it beyond doubt. ILPEC Main Report-Chapter on preemption.
19 ILPEC Main Report-P-183.
20 N Shah, "Infrastructure in Different States of India", Commerce, Annual Number, 1969.
21 CD Wadhwa, New Industrial Licensing Policy. An appraisal in CD Wadhwa, (Ed) Some problems of India's Economic Policy, New Delhi 1973.
22 F A Ahmad, ("Former Minister of Industrial Development) "New Licensing Policy will Promote Growth" Capital, July 9, 1970.