Industrial Policy Framework .

The Rising India Party proposes the following Policy Contours that are designed to remove all impediments to growth and to encourage industry to function to the objective of holistic development and operations taking into account the interests of the labour force such that there is a realization and an atmosphere of “we are in this together” rather than the current “us versus them” story. The labour force interests must be computed up-front by industry owners when working out their cost benefit ratios and labor and industry must become a partner of national development even as it wins concessions and freedom to operate such that they can compete on quality, price and quantity with the biggest and best in the world, as follows:

  1. The Core of the Industrial Policy of The Rising India Party would be captured in linking and making integral to the creation of private wealth, the interests of the larger population and labour force in return for freeing up industry from all constraints.
  2. The social responsibility obligations for private enterprise, and especially the very large, monopolistic entities, would be built into the policy initiative as contoured here, but would impose minimum possible costs to make and keep India an attractive investment and business domicile destination.
  3.   For businesses that are set up and run using Artificial Intelligence that replace human jobs with automation in manufacturing or other activity of any kind, the government would impose a flat 5% of turnover “Human development and re-deployment” tax to balance the social impact of such enterprises.
  4. This tax would go to a fund that would be used to fund the education or re-education of the human capital of the country as also to provide seed capital for small to medium business or individual enterprise creation.
  5. Large corporate would be encouraged to develop models of business and / or technology whereby they would break up their manufacturing and / or product-service distribution operations into viable smaller units that are farmed to smaller investors for holding minority stakes of not less than 25%.
  6. This would be treated as the governments wealth-spread or distribution strategy with the view to spreading wealth and creating natural monopoly breakers without impacting on the growth opportunity or restraints for the wealth creators.
  7. Business owners who take up this model and uptake to certain pre-set wealth-distribution paradigms would be given significant incentive including seats at government Plans-Board and other Policy setting groups as also tax incentives and Freedom-to-Operate across sectors as and where possible, to be defined later.
  8. The government would set a Reciprocity Law in place wherein entities from countries which create impediments of any kind on the entry and operation of Indian domiciled entities will have the same laws apply on them.
  9. The government would bar any State Controlled or owned entities, such as those of China, from operating or trading in India.
  10.  State Controlled entities would be treated as Policy instruments of the country they are domiciled in and created to erode the sovereignty and integrity of the Indian State.
  11.  The government would create Policy Groups to immediately identify all such entities operating in India and move to neutralize their product and service impact on the Indian economy by either sourcing from alternative countries, even if more expensive, or encouraging Indian entities to quickly ramp up operations in these areas with special concessions to help viability.
  12. Simultaneously, the Indian government would give a choice to all such State owned or controlled entities to either divest the Shares of the State and remove State presence or control, or wind up operation in India.

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