Define the role of small business in the following area:
a) Variety of products
b) Industry output & export
c) Balance development
d) Customization
Define the role of small business in the following area:
a) Variety of products
b) Industry output & export
c) Balance development
d) Customization
a) Variety of products: Small industries in our country supply an enormous variety of products which include mass consumption goods, readymade garments, hosiery goods, stationery items, soaps and detergents, domestic utensils, handlooms, handicrafts etc
b) Industry output & export: Small industries in India account for 95% of the industrial units in the country. They contribute almost 40% of the gross industrial value added and 45% of the total exports (direct and indirect exports) from India.
c) Balance development: The contribution of small industries to the balanced regional development of our country. Promotion of small scale industries and rural industrialization has been considered by the Government of India as a powerful instrument for realising the twin objectives of accelerated industrial growth and creating additional productive employment potential in rural and backward areas.
d) Customization: Small industries are best suited for customised production. i.e., designing the product as per the tastes/preferences/needs of individual customers.
a) Variety of products: Small industries in our country supply an enormous variety of products which include mass consumption goods, readymade garments, hosiery goods, stationery items, soaps and detergents, domestic utensils, handlooms, handicrafts etc
b) Industry output & export: Small industries in India account for 95% of the industrial units in the country. They contribute almost 40% of the gross industrial value added and 45% of the total exports (direct and indirect exports) from India.
c) Balance development: The contribution of small industries to the balanced regional development of our country. Promotion of small scale industries and rural industrialization has been considered by the Government of India as a powerful instrument for realising the twin objectives of accelerated industrial growth and creating additional productive employment potential in rural and backward areas.
d) Customization: Small industries are best suited for customised production. i.e., designing the product as per the tastes/preferences/needs of individual customers.
