The states Industrial Policy that is being revised after four years, focuses on the upgradingskillsof youth for jobs of the future, industries and technologies for a fourth Industrial revolution, and aligning the Industrial Sector with the states vision of responsible and sustainable investments.
The major sunrise sectors that have been identified include , space sector, ayurveda, and Biotechnology, among others.
The existing industrial policy was formulated in 2018. The minister said the draft industrial policy would be shared with stakeholders within 10 days, and inputs will be taken from Industry bodies and others before finalizing the policy. The new industrial policy will be finalized and released in January next year, and will be effective from April 1, next year.