Which of the following statement about the Industrial sector of India is incorrect ........

Economic Affairs Industrial sectors

Which of the following statement about the Industrial sector of India is incorrect?

As per the existing Industrial Policy of India Atomic Energy and Railway Transport are reserved for Public Sector Enterprises.

Alcohol, Tobacco and Pharmaceutical production units are subject to compulsory licensing.

In Defence Industry 100% Foreign Direct Investment (FDI) is allowed only in case of 'State of Art Technology'

Coal mining for commercial purposes in India is now open for Private Sector.

छोटे Courses बड़े Results

Master Industrial sectors

Prepare through Micro-courses

Try Now

Explanation:

Apart from Atomic Energy and railway transport , Atomic Minerals are also reserved for the PSUs. In Railways, the private investment is allowed in infrastructure and other services but not in transport operations.
Compulsory licensing also applies to Explosives, Hazardous Chemicals and Aerospace and Defence related electronics.
The 'State of Art Technology' clause has been removed from the FDI policy. This does not mean automatic approval for defence deals. Deals above 49 per cent still need government approval but now deals not involving 'state of the art' technology can also opt the route.
Coal mining was opened last year only. Before that CIL had the monopoly over commercial Coal mining and private sector only had right to mine coal for captive purposes.