Small Scale Industries: Characteristics, Definition, Examples.
Small scale industries (SSI) are those industries in which manufacturing, providing services, productions are done on a small scale or micro scale. For example, these are the ideas of Small scale industries: Napkins, tissues, chocolates, toothpick, water bottles, small toys, papers, pens.Small-scale industries are manufacturing units, mainly making accessories for large-scale industries, using mostly indigenous technology. They are usually situated in the vicinity of large-scale industries. However, many small scale industrial units are not doing well in this era of globalization, and economic liberalization. In order to avail.Small scale industries are small businesses that do not have a large output. They may be contrasted to large corporations that use huge factories to create thousands of products a day. An example of a small scale industry is a family run workshop creating hand made products like clothing or carved toys.
Role and Importance: Expansion and development of small-scale industries can go a long way in securing wider distribution of economic activities in the country. Small-scale industries can provide employment opportunities to a large section of people who have no dependable source of income.Article: Information technology: a growth navigator for small scale industries in India Small scale industries (SSI) have a significant role in the Indian economy in view of its contribution to production, employment, and export.However, since 1991 small scale industries in India find themselves in an intensely competitive environment due to globalization, domestic economic liberalization, and.
Demerits or Disadvantages of Small Scale Industries. 1. Lack economies of scale: SSI’s produce in small quantities.Therefore they do not enjoy economies of scale in purchases, production and marketing. Their costs are consequently higher and they are not able to compete with large scale units.
