Dept. of Management Studies, Raghu Institute of Technology, Visakhapatnam, India
Online published on 30 January, 2012.
This study is an attempt to analyze the entrepreneurial efforts in the promotion of small scale enterprises. Small scale industries contribute significantly to the strengthening of the industrial structure. It has emerged as an engine of growth for the present millennium. The sector has been playing a prominent role in the socio-economic development of the country for the past five decades. The small scale sector which forms past of the total industrial sector, has direct impact on the growth of the national economy. In fact, through the establishment of a more flexible, innovative and competitive structure, the small enterprise sector is being accepted as key to sustainable economic growth. In the context of the liberalization as experienced through integration with the global economy in a phased manner, and national and international competitive environment, perspectives and strategies for small industry development have undergone a sea change. The biggest chal lenge for SSIs in the emerging market scenario is to fully exploit the benefits of their product and process capabilities on sustainable basis.
