The correct answer is: a) Balanced and inclusive economic growth.
The Sikkim Industrial Policy focuses on promoting balanced and inclusive economic growth by encouraging the development of a diversified industrial base that will create employment opportunities for all sections of the population. The policy also aims to promote the development of small and medium enterprises (SMEs) and to attract foreign direct investment (FDI).
Option b) is incorrect because the Sikkim Industrial Policy does not focus on centralized planning. The policy instead emphasizes the need for private sector participation in the development of the state’s economy.
Option c) is incorrect because the Sikkim Industrial Policy does not focus on heavy industries dependent on government support. The policy instead emphasizes the need to develop a diversified industrial base that includes both light and heavy industries.
Option d) is incorrect because the Sikkim Industrial Policy does not focus on deregulation and complete privatization. The policy instead emphasizes the need for a balanced approach that includes both public and private sector participation in the development of the state’s economy.