REGISTERED No. D. 221
The Gazette of Endia
EXTRAORDINARY
PART I- Section 1
PUBLISHED BY AUTHORITY
No. 141 ) NEW DELHI , TUESDAY, SEPTEMBER 24 , 1963'ASVINA 2, 1885
MINISTRY OF INDUSTRY
RESOLUTION
New Delhi , the 24th September 1963
No. 4 ( 22 ) Lic. Pol./63 . The Government of India have been giving considera- tion to steps which could be taken to accelerate the pace of industrial develop- ment . One of the suggestions mad in this context is that there is need to simplify the procedures and regulations relating to the approval of schemes of industrial expansion. It is important that controls operate speedily and efficier tly in order that they may serve as instruments for the achievement of a high rate of industrial growth.
2. Government have accordingly decided that the operation of the controls applicable to the establishment of additional industrial capacity under the Indus- tries ( Development and Regulation ) Act , 1951 th import of capital goods , the issue of capital and foreign investment and collaboration should be examined by a Committee which will suggest such modifications as would reduce delays In decision .
3. The membership of the Committee will be as follows:
( 1 ) Shri T. Swaminathan , Secretary . Departments of Supply & Technical Development- Chairman .
( 2) Shri Bharat Ram.
( 3 ) Mr. A. R. Foster .
( 4 ) Shri Lakshmipat Singhania .
(5 ) Shri A. M. M. Murugappa Chettiar .
( 6 ) Shri P. Chentsal Rao .
( 7 ) Shri N. C. Srivastava , Adviser , Planning Commission .
(8 ) Shri P. Govindan Nair , Additional Secretary, Ministry of Finance , Department of Economic Affairs .
( 9) Shri V. K. Ramaswami , Economic Adviser . Ministry of Industry .
(10 ) Shri K. J. George . Deputy Secretary . Ministry of Industry- Member- Secretary.
4. The Committee will submit interim reports as and when necessary , and will complete its work within six months .
R. V. SUBRAHMANIAN , Jt . Secy
( 1165 )
PRINTED IN INDIA BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , 1963