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NEWS LETTER
Home >> About Us >> Introduction
The small-scale sector has emerged as a dynamic and vibrant sector of Indian Economy.
The Sector contributes 40% of the industrial production, 35% of the total exports and employs about 167 lakh persons in about 30 lakh SSI units in the country. The sector acts as a "nursery" for the development of entrepreneurial talent. This sector which manufactures a wide range of more than 7500 products, supplies the lower income groups with inexpensive consumer goods and services. Due to its flexibility, the sector is better able to weather downturns in the country.
Small-scale sector suffers from certain handicaps and economies of scale are also not available to it. Support to small industries virtually is a universal phenomenon and exists in one form or the other in almost all countries of the world whether developed or developing.
The small scale sector is growing fast and is capable to address to the basic problems of Indian economy i.e., unemployment. There is ample evidence to suggest that it will continue to play an increasingly important role in industrial development of the country.
The sector is ideally poised to attract both technology and funds to generate rapid growth and sustained process of technology upgradation and quality improvement in future.
