Financial Management: The Key Strategy for the Sustained Growth of Small Scale Industries of India
The contribution of small industries to the balanced regional development of India is remarkable. Small industries which use simple technologies and locally available resources both material and labour and produce simple products, can be set up in any part of the country. The benefits of industrialization can be reaped by every region, as SSIs can be extensively spread without any locational and regional constraints. They, thus, contribute significantly to the balanced development of the country. The small scale industries generate more employment opportunities compared to large industries in terms of per unit of capital invested.