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@article{208062,
        author = {A. Kalaivani and A.Divyasri and D.Surabi and D.Hakkifa and J.Janavi and T.Mukilan and P.Reshma},
        title = {Industrial policy; importance and impact on manufacturing},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {4},
        pages = {243-246},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=208062},
        abstract = {Industrial policy is critical in driving manufacturing growth and boosting the economy. It establishes a framework for promoting investment, increasing industrial productivity, creating jobs, and accelerating technical advancement. Manufacturing is an essential sector since it helps to drive economic growth, exports, innovation, and the development of supporting sectors. Effective industrial policies can promote a favorable business climate by improving infrastructure, simplifying rules, providing financial aid, developing skills, and advancing technology. The expansion of small and medium-sized businesses also benefits manufacturing by creating jobs and improving supply chains. Modern measures like industrial corridors, digitalization, improved logistics, and investment promotion can help domestic industries compete more effectively. However, manufacturing growth faces various hurdles, including inadequate infrastructure, high production costs, a lack of trained labor, and limited access to However, manufacturing growth faces a number of hurdles, including inadequate infrastructure, high production costs, a skilled labor shortage, limited access to finance, technical gaps, and rising global competitiveness. Environmental issues and the need for sustainable production demand more attention. To promote equitable and sustainable manufacturing growth, industrial policy should prioritize innovation, R&D, talent upgrading, infrastructure development, financial access, and ease of doing business. Increased engagement in global value chains can help boost exports and attract investment. Simultaneously, sustainable technology and resource efficiency should be promoted in order to lessen environmental impact. A concerted effort involving the government, industries, and other stakeholders is required to create a competitive manufacturing sector. To summarize, a well-designed industrial policy may spur manufacturing growth, generate jobs, boost productivity, promote exports, and build economic resilience.},
        keywords = {Industrial Development, Manufacturing growth, Employment generation Sustainable development, technology, improvement, importance, growth, productivity, employment, labour.},
        month = {September},
        }