Online edition of India's National Newspaper
Saturday, August 28, 2004
Online edition of India's National Newspaper Saturday, August 28, 2004 |
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SSIs : A review |
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News Update
Features
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Need to correct anomaly in priority sector guidelines on SSIs The Reserve Bank of India recently (April 30, 2007) came out with its final revised guidelines on lending by scheduled commercial banks to the priority sector, including small scale industry (SSI) and micro-enterprises, after nearly ... Should SSIs neglect HRD? There is an element of truth in this because personnel with various skill sets start their careers with small industries and businesses and then join larger companies in pursuit of career advancement. Thus, small businesses have been giving free ... What the NMCC has said about SSIs The National Manufacturing Competitiveness Council, in its draft paper on a National Strategy for Manufacturing, has highlighted the role of small enterprises in accounting for a substantial chunk of industrial production and in "spreading the ... Will SFURTI yield fruits? The Union government has unveiled a Scheme of Fund for Regeneration of Traditional Industries (SFURTI). Given the operational details of the scheme, it is clear that its success is far from assured, in the absence of elaboration of a theoretical ... 'Outcome budgeting' of SSI Ministry The small scale industry sector gets Rs 475 crores of Plan funding this year (2005-06) from the Union government. What is that this expenditure is supposed to achieve in terms of 'outcomes'? A glimpse into this aspect is given by the first ... Is KVI an opportunity for small sector? Small scale industries (SSIs) often look for opportunities to become ancillaries to large industries, particularly in view of the high cost of marketing of products, be it to other user industries and businesses (B2B) or for use by consumers. Are ... SMEs should tap BIS marking scheme Quality and safety of products, it is obvious, are important for the consumer, and thus for manufacturers who want to increase their market size in a competitive economy. It is, therefore, strange that one institution that is the torch-bearer of ... Wanted: limited partnership and SPC laws "Limited Partnership". This is term that is heard once in a way in this country as a concept that is worthy of consideration for introduction. But it has not been seriously pursued at the official or unofficial level. This is unfortunate because ... SSIs in non-VAT States are at a disadvantage Three full months after the introduction of the value added tax (VAT) in a majority of States in place of sales tax, the Empowered Committee of State Finance Ministers has emphasised that the revenue to the exchequer of the States concerned has ... Venture finance not in SSIs' radar The Reserve Bank of India (RBI) has announced that contribution to venture capital funds (VCFs) by banks is being taken out of the purview of the priority sector obligation of banks in view of changed circumstances in the financial sector. The ... SSIs - taken for granted on Basel-II? One of the things that have been happening in the past few years in the rarefied world of financial regulation, far away from the scrutiny of the entrepreneurial community, is the finalisation of revised prudential norms for banks under the ... Is `rating' relevant to SSIs? The Union government has initiated a scheme for `credit and performance rating' of small scale industries (SSIs) by designated institutions. But the question is whether `rating' is something that is relevant to the basic problems faced by SSIs in ... SMEs Bill should be overhauled Small scale enterprises are supposed to have certain inherent strengths by virtue of their being small and at the same time face limitations that arise from smallness. Any law that is meant to promote the health of small enterprises should aim at ... SSIs need facilitation, not protection Chennai, June 6, 2004: What should small industries opt to manufacture in the evolving national and global market scenario? This is a question that seems to gain increasing relevance amidst all-round signs of despondency and a sense of having ... Make use of SSI upgradation schemes Chennai, June 20, 2004: Small and tiny enterprises are likely to be subject to a new policy regime sooner rather than later, though whatever changes that may be ushered in by the new government at the Centre may not meet fully the traditional ... Revamp extension services to SSIs Chennai, July 4, 2004: India is perhaps among the very few countries in the developing world that have not only an elaborate - even if not a unified-policy structure for nourishing small scale industry (SSI), but also a large network of ... SSIs - coping with budget blues Chennai, July 18, 2004: These are disappointing times for the highly employment-oriented small scale and tiny industry sector, notwithstanding a couple of initiatives announced in the Union budget. The obvious reason is that the initiatives ... Steel and SSIs - hard options for future Chennai, August 1, 2004: If there is one major industry sector that has in recent weeks announced a spate of investment proposals, expansion of existing capacities and establishment of greenfield plants, it is the steel industry. This should ... Law, not bureaucracy, should define SSIs The United Progressive Alliance (UPA) government has promised to introduce a comprehensive bill to govern the small scale industry (SSI) sector but a minister who announced this also indicated that the bill would “empower” the Ministry of Small ... Wanted: innovation in SSI financing “Small scale industry” (SSI) and “inadequacy of bank finance” are two terms that invariably go together in any discussion about the SSI sector. This phenomenon remains unchanged for more than two decades, though the national and global ... Clean air can be good business I Care For The Air”. It is a slogan that enlightened people all over the world are adopting. Assurance of clean air is important not only at one’ s home and workplace but also in one’s neighbourhood and even beyond, because drifting poisoned air ... Generators keep the economy going The summer in India is in a sense a "leveller". It affects the economic interest of the rich industrialist as much as it does in the case of the small businessman and the common citizen. This is not because Mother Nature intended it that way but ... Show green signal to green power Come summer, a lot of energy will be spent by people in production sectors and consumers discussing the persistence of energy shortages, especially peak load. However, energy crises also offer an opportunity to look at innovative approaches to ... ISO CERTIFICATION: A MUST FOR COMPETITIVENESS A decade after Chennai-based Sundram Fasteners Ltd became India’s first ISO-9000 certified company, the nation’s industrial sector has come a long way. Not just ISO-9000, which is a system certification in respect of quality management practices, ... Packaging industry - a catalyst of economic growth All major industries create wealth but if there is one industry that plays a unique role by way of both creation of wealth through a wide range of manufacturing activities and also by way of preserving the wealth or value created by many, many ... Packaging: a confluence of technologies The packaging industry scene in India represents diverse possibilities and promises, in terms of both material and technology, with some placed to play a greater role in future while not excluding a due place for others. Food packaging has ... Save energy, boost profits Returning to your hotel where you had checked in in the morning, you find that the corridor of the floor where your room is located is dark. Or, when you proceed towards a facility in a corner of an exhibition complex, you find that the way ... SSIs must make the most of cyberspace The Internet revolution is widely considered a "leveller" and a boon to the small man, enabling him to reach out to the world at a minimal cost. However, at a time when the battle of ideas and ideologies is taking place in the world in a big way ... SSIs: Another "commission", not action Small-scale industries, it seems, have been honoured with an `upgradation'. They have now been made the subject of a high-level "commission" by the government at the Centre, in contrast to the successive `committees', `working groups' and `task ... SSIs should explore export potential Small industries contribute as much as 35 per cent of India’s exports but it is a moot question whether SSI exporters in general are taking advantage of export-import policy initiatives and institutional infrastructure and whether other SSIs have ... SSIs: no priority in bank lending One of the dreams of the small-scale industry (SSI) movement has been to change the situation whereby hundreds of thousands of small, and especially tiny, units operate in “slum conditions”. There have been no plans for their relocation and ... US shows the way in nurturing SSIs The Small Industries Development Bill being finalised by the Union government, according to media reports, will aim at providing statutory backing to the present guidelines on granting price and purchase preference to products of the small scale ... SSIs need guidance on FTAs, WTO Small Industries Development Bank of India (SIDBI) to open counselling centres on WTO”, “SSI NGO to operate national information centre on WTO”. These are among headlines that have remained on paper years after such expectations had been ... "Honourable exit" for SFCs? There were times, not long ago, when commercial banks were envious of State Financial Corporations (SFCs), the main direct term lending institution for small scale industries (SSIs) and other small businesses, on the ground that the SFCs were ... SSIs can -- and should -- be innovators The term "intellectual property" has been in the air for the past few years for the wrong reasons -- in an endeavour to preserve as a substitute for innovation the right to copying and re-engineering. That was a negative signal, especially to the ... SSIs: deafening silence on VAT Ministers on State-Level Value Added Tax (VAT) has been greeted with a deafening silence from the small-scale industry (SSI) sector, compared to responses that much less significant developments have evoked from this sector in the past. ... SSIs: why not ask for limited liability partnership? One of the many ideas that have been mentioned off and on in respect of the small scale industry sector (SSI) over the years but never pursued seriously is the enactment of a law introducing limited liability partnerships as obtains in many ... One more budget before SSI policy revamp Another Central budget is round the corner -- and what a pity it is that basic questions and policy matters regarding the small scale industry (SSI) sector have not been decided upon before the budget. In fact, there has been no debate or even ... A tiny place for SSIs in Union budget The small scale industry (SSI) sector features in the Union budget 2005-06 certainly not in a way that would reflect the important position it is universally acknowledged to occupy in production, employment and exports. As expected, there is an ... Time for an exit policy for SSIs Governments, both at the Centre and in the States, have paid little attention to the need for a pragmatic and forward-looking exit policy for the small entrepreneur. The question cries for attention when a new legal framework is scheduled to be ... Another round of dereservation This year's instalment of the annual ritual of dereservation of a clutch of products has been notified, with 108 items covered, as promised by the Union Finance Minister in the budget speech on February 28. But for the fact that the notification ... Don't SSIs "manufacture?" Chennai, April 27. Is manufacturing a matter that involves only big-size investment? Or is excellence in manufacturing an objective that involves only big industries? These questions arise when one recalls that the National Manufacturing ... Will SSI financing be left to the whims of banks? The draft report of an internal group of the Reserve Bank of India (RBI) to review guidelines on credit flow to the small and medium enterprises (SMEs) has lived up to the change in policy direction indicated by the annual credit policy statement ... |
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