Role of SSI in Indian Economy Small scale industries play an important role for the development of Indian economy in many ways. About 60 to 70 percent of
When and why were District Industries Centres initiated? The industrial Policy 1977 contained the concept of District Industries Centres (DIC). DIC program was initiated on 1st May 1978
Achievements of Public enterprises Public enterprises have played a stellar role in speeding up the process of industrial development in the country. They have served the needs of
Why are Public Enterprises set up? Public enterprises occupy an important position in the Indian economy. They were set up by the government to speed up the process
There are various economic as well as non-economic factors that influence the size of a business unit. The relative importance of the factors varies with the products manufactured,
What is Small Scale Production? Small scale production refers to the production of a commodity with a small plant size firm. It requires less amount of capital and
Top 10 advantages of Industrial estates The following are some of the advantages due to industrial estates. 1. Economies of scale Units located in an industrial estate can
To promote industrial development, the Government of India has initiated several measures and provided various incentives. Setting up of industrial estates is one such measure. The government launched
Small Scale Industries do not enjoy much of the advantages enjoyed by large scale enterprises because of their nature and size. Though they have made significant contribution to
Though small scale industries have several advantages they suffer from the following demerits: Demerits or Disadvantages of Small Scale Industries 1. Lack economies of scale: SSI’s produce in
