Concept:Industrial development is encouraged by policies that improve access to funds, technology, infrastructure, and market opportunities.
Explanation:Local firms partnering with foreign firms can bring in new technology and capital, so this promotes industrial development.
Granting capital at reasonable interest rates makes it easier for firms to invest and expand, which also promotes industry.
Setting up industrial estates with modern amenities provides good infrastructure and encourages manufacturing.
Granting old firms tax exemptions may reduce government revenue without necessarily increasing productivity, innovation, or competitiveness.
It can allow inefficient firms to survive, which does not actively promote industrial growth.
Answer:The factor that may
not promote industrial development is D. granting old firms tax exemptions.