The Industrial policies of India has evolved over time and has incorporated changes as per the need of the hour. At the time of Independence, the leaders had an uphill task of transforming an Agriculture dominant economy into and Industrial One. Over time, the government cleared their stand through successive Industrial Policies. An important approach by the government in 1948 was that they accepted the role of both Public and Private sector in the development of the country as an Industrial economy. After the 1991 Economic Policy, the economic and Industrial system of the country became free from the clutches of Controlled Economy and moved towards open and global economic system and these changes were initiated and supported by the government. The Government has declared its ambitious Plan “Atmanirbhar Bharat Abhiyaan”. The idea is to reinstate and develop Economic capacities and strength to reduce dependence on Imports esp. Products of critical importance. The actions that result in ease of doing business can be best provided by the government and the district authorities in which the industry operates. The state governments should be encouraged to make business friendly policies and categorizing regions for prompt industrial developments. A stable and permissible policy will help in development of businesses eases in promoting activities. The contribution of India in Global Supply Chains and Value Chains is extremely futile. With numerous schemes like Make in India, Production linked Incentive, enhancing Infrastructure, and steps taken to increase investment and Domestic manufacturing; All these steps will helpIndia in carving out a niche in Global Supply Chains.

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Keywords: Atmanirbhar Bharat, Industrial Policy, Global Supply Chain, Gross Value Addition, Make In India.