The policy takes note of the fact that the Union territory of Puducherry has come a long way since its merger with the Union of India in 1954. The present status of Industrial progress is highly encouraging and the territory is poised for another phase of industrial growth.
The policy is based on the following objectives:
(i)To promote sustainable industrialisation in the territory;
(ii) To improve the standard of living and quality of life of the people of the Union territory;
(iii) To conserve the environment of Puducherry for sustained and rapid industrial growth;
(iv) To conserve the environment of Puducherry for sustained and rapid industrial growth;
(v) To participate in the globalization of the economy with greater exports and imaginative imports;
(vi) To take advantage of the special features of Puducherry including its heritage and culture; and
(vii) To ensure balanced industrial development in all the regions of the territory.
Various strategies have been identified to achieve these objectives. Certain priority industries have been listed. For their obvious compatibility with Puducherry certain "thrust areas" have been identified.