Indian History

Industrial Development in First Five Year Plan

Industrial Development during First Five Year Plan
The main thrust of the First Five Year Plan was on agricultural development. Therefore, the emphasis was on increasing capacity of the then existing industries rather than the establishment of new industries. Cotton woollen and jute textiles, cement, paper, news-print, power-looms, medicines, paints, sugar, vanaspati(vegetable oil), chemical and engineering goods, and transport equipment show some progress.
Industrial Development in Second Five Year Plan:
Great emphasis was laid on the establishment of heavy industries during the Second Five Year Plan. The main thrust of industrial development was on iron and steel, heavy engineering, lignite projects and fertilizer industries. Hydroelectric power projects and steel plants at Bhilai, Durgapur, and Rourkela were established with the help of Russia, Britain (the U.K) and West Germany respectively. Coal production was increased. More railway lines were added in the north east.
Industrial Development in Third Five Year Plan
There was emphasis on the expansion of basic industries like iron and steel, fossil-fuel and machine building. The Ranchi Machine Tool and three more HMT units were established. Machine building, locomotive and railway coach making, ship-building, air-craft manufacturing, chemicals, drugs and fertilizer industries also made steady progress.
Industrial Development in Fourth Five Year Plan
During the Fourth Five Year Plan, there was much emphasis on the agro-based industries such as sugar, cotton, jute, vanaspati, metal-based and chemical industries. It was during this plan, much progress was made in alloys, aluminium, automobile tyres, electronic goods, machine tools, tractors and special steel. Efforts were also made to accelerate the process of industrial dispersal.
Industrial Development in Fifth Five Year Plan
The main stress in this plan was on rapid growth of steel plants, export-oriented articles and goods of mass consumption. The steel plants at Salem, Vijayanagar and Visakhapatnam were proposed to create additional capacity. The Steel Authority of India Ltd.(SAIL) was constituted. Moreover, drug manufacturing, oil refining, chemical fertilisers and heavy engineering industries made steady progress.
Industrial Development in Sixth Five Year Plan
The main emphasis in the Sixth Five Year Plan was on producing goods to exploit the domestic and international markets. To achieve this objective industries like aluminum, automobiles, electric equipment, thermostats were given the priority. Production targets were achieved in industries like commercial vehicles, drugs. T.V. receivers, automobiles, cement, coal, jute industry, non-ferrous metals, textiles, railway wagons, sugar industry, etc.
Industrial Development in Seventh Five Year Plan
The main thrust of the Seventh Five Year Plan was on hightech and electronic industries. Industrial dispersal, self employment, exploitation of local resources, and proper training were the preference areas of the plan.
Industrial Development in Eigth Five Year Plan
During the Fourth Five Year Plan, there was much emphasis on the agro-based industries such as sugar, cotton, jute, vanaspati, metal-based and chemical industries. It was during this plan, much progress was made in alloys, aluminium, automobile tyres, electronic goods, machine tools, tractors and special steel. Efforts were also made to accelerate the process of industrial dispersal.
Industrial Development in Ninth Five Yar Plan
The main emphasis during this plan was on cement, coal, crude oil, consumer goods, electricity, infrastructure, refinery, and quality steel products.
Industrial Development in Tenth Five Year Plan
During the Tenth Five Year Plan, the main emphasis was on:
a. the modernization, technology upgradation, reducing transaction costs and increasing exports,
b. to enhance exports and to increase global competitiveness; and
c. to achieve balanced regional development.
Eleventh Five Year Plan
The Eleventh Five Year Plan document entitled 'Towards Faster and More Inclusive Growth' gave priority to industry, infrastructure and employment. Eleventh plan recognized that there should be rapid industrial development that brings faster reduction in poverty, generates employment and ensures essential services such as health and education to all sections of the society. In this plan period, industrial sector achieved 8% growth as against anticipated growth rate of 10-11%.
Industrial Development in 12th Five Year Plan
The Planning Commissions focus on instilling 'inclusive growth' is making headway. The plan is expected to create employment through developing India's manufacturing sector and move the nation higher up the value chain is a boon for industry. The Planning Commission indicated that it aims to have industry and manufacturing related activities grow by 11% during this plan period, contrasted to 8% over the previous 11th five year plan.