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    <title>Industrial Policy.</title>
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    <description>The policy liberalises industrial licensing by narrowing compulsory licence items to those retained for environmental, safety or strategic reasons, requires non-licenced industries to file an Industrial Entrepreneurs&#039; Memorandum with the Secretariat for Industrial Assistance without prior approval, and relaxes locational stipulations while preserving zoning and environmental controls. It maintains targeted reservation and periodic dereservation for Small Scale Industries, rescinds equity participation restrictions in SSI units, extends broad investment privileges to NRIs/OCBs, operates duty-free input schemes for EHTP/STP projects, and advances a liberal FDI regime supported by investment facilitation.</description>
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