The road between central and state politics is not coming in the way of industrial development. Along with this, there will be an industrial policy for industrial development in the entire country. The Center and all the State Governments will be obliged to follow that policy. According to Union Commerce Minister Piyush Goyal recently he has proposed to DPIIT to formulate a policy for industrial development that can be legally applicable to both the Center and the state. With this, the draft of the policy should be such that both the Center and the states can become partners of each other in industrial development. The Center and the states should follow that policy, for this, a regulatory framework will be prepared.
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In the policy of industrial development, there will be a provision for rewards and penalties for both the state and the center. If a state accepts that policy or withdraws from its commitment then action can be taken against it under the provision. In fact, it has been seen many times that political ideology also comes in the way of industrial policy. In such a situation, entrepreneurs have to bear the brunt due to the different policies and attitudes of the central and state government. States form separate policies for industrial development and in many respects, they are completely different from the policy of the Center.
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In the case of patents for intellectual property and innovation, there are sometimes differences between states and the Center. In such a situation, companies or innovators do not get the right benefits. After changing the government many times in the state, the new government brings a new industrial policy, which will affect the overall industrial development. According to sources, this proposal of the Minister of Commerce and Industry is at an early stage, but the objective is to get in the way of industrial development. The obstacles have to be overcome whether it is at the center level or state level. With this, the matter can be discussed with the state governments after the draft is prepared by the DPIIT.