What is Indusrial policy action plan?

An Industrial Policy Action Plan (IPAP) is a strategic framework designed by governments to promote industrial development and economic growth. It outlines specific actions, targets, and incentives aimed at enhancing competitiveness, fostering innovation, and creating jobs within key sectors of the economy. IPAP typically focuses on addressing challenges such as infrastructure deficits, skills development, and technological advancement while encouraging investment and collaboration between the public and private sectors. This plan is often part of broader economic policies to stimulate industrialization and sustainable development.