MSME as a whole has lots of potential for growth, innovation, contribution to the economy, and further job creation. SSIs are also important for the social growth and development of our country. PUBLIC WELFARE: these industries have an opportunity to earn wealth and create employment.EXPORT CONTRIBUTION: India’s expert industry majority relies on these small industries for their growth and development nearly half of the goods that are exported from India are manufactured or produced by these industries.This also helps create more demands from all over the world. They focus on the mission to manufacture in India and sell the products worldwide. MAKE IN INDIA: SSIs are the best examples of the make in India initiative.They are one of the main reasons for the growth and strengthening of the economy. TOTAL PRODUCTION: these enterprises account for almost 40% of services in India.Because of the limited technology and resource availability, they tend to use labor and manpower for their production activities. EMPLOYMENT: SSIs are a major source of employment for developing countries like India.There are many micro and small scale industries project in india taking place every minute. These are some of the ideas from different industries and a variety of products. Some examples of small-scale industries are Agarbatti making chalk making Biodiesel production sugar cany manufacturing wood making Rice mill, potato chips making, toys making, microbrewery, liquid soap making, honey processing, slippers making, detergent powder making, fruit juice production plant, spices making and chocolate making. of ancillary small-scale industries and thereby creating work. Foreign investment is essential as it creates a huge no. small scale ancillary industries in Hyderabad have vast employment due to various multinational companies. The major small-scale industries in Tamil nadu and small-scale industries in Kerala are spinning and weaving, coconut oil making, cashew nut processing clay products, etc. ![]() In south India, the summit held where KSSIA (Karnataka small scale industries association ) was also present in January 2019 had a motive to discuss the key issues and find a solution to them at the same time provide the right environment. In small-scale industries manufacturing industries grow very fast due to the natural supply of raw materials and huge demand from the public. The best way for the youth to learn about this is via a micro and small scale industries project class 12. ![]() These industries are generally labor-intensive and hence they play an important role in the crucial sector of the economy both from a financial and social point of view, as they help with per capita income and resource utilization in the economy. The SSIs are the lifeline of the economy, especially in developing countries like India. These enterprises must fall under the guidelines, set by the government of India. ![]()
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