Summary |
SMEs are the strength of Indian economy as well as backbone of the industrial development. They contributes more than 80% of the total number of Industrial Enterprises of our country. They play a key role in economic developments through various industrial activities for promotion of trade and export to a very large extent. The SMEs are mainly the Private Sector Enterprises and as such they have greater flexibility in adopting the changes taking place in the market with more emphasis on demand and supply trends. In the era of Globalization and Economic Reforms, SMEs cannot be silent spectator, but in fact they are at an advantages position for making quick decision for restructuring, streamlining and diversifying their industrial activities in accordance to the need of the hour. SMEs Provides significant employment share as compare to the large State owned Enterprises. They also pay a very significant for development of the people in the community as they optimize the environmental skills and vocational training. The SMEs are the major player in manufacturer of variety of consumer goods, which has resulted in competitiveness, there by suppressing the monopolies of the large enterprises in the market. They provide both better services and quantities to the consumer at large.
This book contains 10 articles of research on the recent development of MSMEs. Hope, the book is very much useful to the academicians, researchers, planners, NGOs, Govt. and Non-Govt. institutions and others who are working in this sector.
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