Exemptions

The State Government may, having regard to the value of the assets of any industrial business or enterprise or to the desirability of the State Govern- ment themselves granting aid directly to any indus- trial business or enterprise or if they consAdtr that it would not be in the public interest to apply all or any of the provisions of this Act thereto, by order, exempt, subject to such conditions as they may think fit to impose, any industrial business or enterprise or class of industrial businesses or enterprises as they may specify in the order, from all or any of the pro- visio~s of this Act or of any rule or order made there- under.