What are the objectives of 'New Industrial Policy, 1991' issued by the Government of India for the development and regulation of certain industries ?

The objectives of the 'New Industrial Policy, 1991' issued by the Government of India for the development and regulation of certain industries were: To maintain a sustained growth in productivity. To enhance gainful employment. To achieve optimal utilisation of human resources. To attain international competitiveness. To transform India into a major partner and player in the global arena. The Industrial Policy focus was on deregulating Indian industry; allowing the industry freedom and flexibility in responding to market forces and providing a policy regime that facilitates and fosters growth of Indian industry.