ea hes noth and | Centres.
rue in Europe biweens 7
This system was in yoyue in FE BL ee
s called fi
¢ owner of the land was sriculture.
kaon ag MC ag fs. The primary industry was agricu
yar ie ’
se ides a ‘e tu ” mn ofessions were those of carpentry,
1 were thos
i r 7 rtant professions
Besi vioulture, other impor
7 were dependent
blacksmithy, pottery and weaving. Even these artisans «
upon feudal lords.
Guild System ;
e serfs from their
The urbanization in Europe emancipated the serfs fr
traditional slavery, Having emancipated themsolve:
feudal lords, the workers started learning new trades acquired by workers,
s from serfdom under
centres of trade came up. Gradually this process Bave rise to this Guild
System
Under Giiiid: sysieni” thake wed to be two kinds of guilds: the
Merchant Guilds and Craft Guilds. The main task of Merchant Guilds was
rest of businessmen. The Graft Guilds were
to look after the int.
“mssucitions formed by Craftsmen carrying on a particular craft. The Craft
Guilds worked for the promotion of the crafts and pr
‘aftsman controlled the entive
Production and everything was under his Personal ownetehi aaa Gane
this system was to provide raw meterials and manufactured good, All
Processes or stages of production were under his individual sontral and
supervision.
Modern Period ;
The modern Industry in Indin began after the British twokover thy
reigns of India i.e. » 1850.60.Jute mins
wl Were established
‘way system were started
In}
911 Jamshedji Tata Ushered in an era
fost Independence period + of Indian industry,
annum during 1970-82, "88° Growth rate about 5 percent per
Growth of
Industry ~ petroleum product, chemicals, metal and
electronics eto,
Different five year plans saw the expansion and diversification
of the industrial structure.
‘The important feature of industrial growth in the country after
independence has been the rapid expansion of public sector.
Industrial law which came into existence to safe guard the
intrest of the workers. The laws like Factories Act, Mines Act,
LD. Act, Trade Union Act. Social security legislation and wage
legislation etc.
Industrial policy was first announced in 1948. The policy was
revised in 1956, under the revised policy, industries specified in
Schedule ‘A’ and ‘B’ which ‘is enumerated below: Schedule “A”
Industries — Arms and amoninations and allied items of defence
equipment; atomic energy, iron and steel, heavy castings and
forgings, heavy electrical plant including large hydraulic and
steam turbines, coal and lignite, mineral, oils, mining of iron
ore, manganese ore, telephone, telegraph, electricity ete.
Schedule
mineral as defined in sco-3 of the Mineral Concession Rules,
industries - All other mineral except, minor
1949; eluminium and other non-ferrous metals not included in
schedule A. Machine tool Ferro-alloy and steel, drugs, dye.
stuffs and plastics, antibiotics, fertilizer, synthetic rubber,
transport ete.
Regulation of Industry : An important objective of the
Industrial policy is to prevent the emergence of private
monopolies and the concentration of economic power in we