Management of small scale industries in Visakhapatnam district with reference to fabrication units

Small industry plays a key role in the developing economies characterized with scarcity of capital on the one hand and unutilized manpower on the other. Small industry has been attracting the attention of planners and policy makers in these countries in view of highly favorable capital-output ratios and employment potential. In the Indian context it has been aptly described that small industries play a “ key role in the country's economic development with their advantages of low investment, high potential for employment generation, decentralization of industrial base and dispersal of industries to rural and semi urban areas. Along with the increase in the number of small scale units there developed a disturbing phenomenon in this sector. A number of units started falling sick and overtime sickness among the small-scale industries was reported to be on the increase. Against this background an attempt is made to study the problems of entrepreneurs in managing the small scale industries.