Commerce and Industries Minister, Suresh Prabhu on Saturday, while addressing the gathering at an event organized in Guwahati to commence the ‘nationwide consultations with industry’ said that a new industrial policy was being framed after a gap of 25 years to equip the Indian industry for the future.

Prabhu stated that the policy was being framed in such a way, which will adequately address the future needs of the Indian industry, which failed in 1956 and 1991 as those were formulated during the time of financial crisis.

The minister also stressed on the laser focus of the government in making business easier for the industries.In this connection, he highlighted the multiple initiatives of the government in reducing the regulations on industry.

For this, he focused on the need for center-state cooperation as well as a change even at the district level.

The consultation event was organized by the Department of Industrial Policy and Promotion in partnership with Ficci, which was attended by more than 120 industrialists from the Northeast, in addition to government officials from the region.

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