Every country has some rules, laws and acts to enforce and regulate their industries with purpose of safeguarding the interests of all the stakeholders and induce the industrial growth in the economy. These laws with such intentions of safeguarding and promoting industrial activities in the country are known as industrial regulation laws and policy. Every country has an industrial policy depending on the need circumstances in the economy. This industrial policy is enforced by many laws and rules of the land that tackle with various industries in the country.
In the changing times, the industrial policy has changed its characteristics according to the needs of hour. Earlier industrial policies across the world were focused on the development industrial growth. They were not very much concerned with equitable growth and environment. But the current era of industrial growth is concerned about the equitable growth of all sectors without harming the environment or with minimum harm to environment.