Free Essay - Globalisation Would Finish Small Scale Industries in India

9/12/2020 Free Essay: Globalisation Would Finish Small Scale Industries in India
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Globalisation Would Finish Small Scale

Industries in India
By vimalvimal • Jun 30, 2011 • 1270 Words
b Cite
Globalisation would nish small scale

industries in india
INTRODUCTION
The world is changing. The change

is fast enough to notice the factors
acting behind. Globalization is one of Topics In This
them. A factor that needs no
Paper
introduction. Ever since, developed DEVELOPING COUNTRY
countries like USA and European DEVELOPED COUNTRY
countries have marched to conquer the CYPRUS
rest of the world, developing countries COUNTRY

C L A S S I F I C AT I O N S
https://www.studymode.com/essays/Globalisation-Would-Finish-Small-Scale-Industries-729133.html 1/12
have no solace but to succumb to what


HUM AN DEVELOPMENT
INDEX
these developed nations call for. Days INDIA
have gone when these developed nations

EMERGING MARKETS
ruled by the concept of colonialism. Now,

ECONOMIC GEOGRAPHY
countries, whether small or big have one

thing in common ie; they do not want to
See Also
be under the oppression of any other
Globalisation and Small
mighty nation. The recent turmoils in
Scale Industry
Middle East countries like Egypt, Libya ...Chapter – VIII GLOBALISATION
AND INDIAN SMALL SCALE
and Yemen are the forefront instances of
INDUSTRIAL SECTOR
non-conforming the dictatorship and Globalisation means gradual
integration of economies through
suppression. Therefore, it is not apt to free movem...
believe that dictating by ‘stick’ is no more READ MORE ›
in vogue and that a different approach or

Problems of Small Scale
style needed to be adopted by the Industries
countries dreaming to rule the weaker ...The path of small

entrepreneurs is not rosy. Small
ones, once again. entrepreneurs face the following
types of problems: (1) Problem of
raw materials: A major ...
GLOBALIZATION AND DEVELOPING READ MORE ›
COUNTIRES
Small Scale and Cottage
Industries
In the present era, people around the ...SMALL SCALE & COTTAGE
INDUSTRIES (Their role, problems
globe are well informed and updated & prospects in India) (AN
with the developments happening across OVERVIEW) Small scale

industries De nition ...
the world. Therefore, they cannot be
READ MORE ›
taken for a ride by these developed
Small Scale Industries
nations. As a result, these developed
...Management of Small Scale
countries came up with a mesmerizing Industries & Public Relations
Management. SSI visited:- Nova
idea of so-called ‘Globalization’ wherein

Cosmetics Pvt. Ltd. Kevin
they demonstrated the bene ts coming
Enterprises Pvt. ...
on the way of developing nations READ MORE ›
including India. Constantly, advocating
The Important Role Played
economic and social sustainability of
by Small- Scale Industries in
developing nations, these western India.
...The important role played by
countries have won the hearts of
small- scale industries in India. 1.
developing nations to some extent. As Employment generation: The
basic problem that is confronting
proof, these developing countries the Indian economy...
witnessed growth and development READ MORE ›

taking place in their own poor nations.
Management of Small Scale
But, the policies and approaches Industries in India
gradually uncovered the ulterior motive ...MANAGEMENT OF SMALL
SCALE INDUSTRIES SYBMS A
of these western countries. One of the CONTENTS:- SMALL SCALE
INDUSTRIES SMALL INDUSTRIES
severe impacts of Globalization upon
DEVELOPMENT BANK OF INDIA
India has been a robust blow on Small (SIDBI) SS...
Scale Industries (SSI). READ MORE ›
Growth of Small Scale

We all know that Globalization has Industries
...issues and challenges faced by
taken the shape of a revolution of
the small scale tourism
business across the globe. The industries are the main aim of
this essay in the essay it is
promoters especially, the western critically analysed the di cu...
countries promote it by justifying that READ MORE ›
adoption of globalization by third world

small scale industry
countries is the ‘need of the hour’ and ...De nition of small scale
industry INTRODUCTION
that the developing countries cannot
� An organization can be
ignore the fact of being lagging behind in classi ed as a small business
using criteria of emp...
the race of progress and prosperity. The
READ MORE ›
projection has been done in such a
manner by the developed nations that
the developing countries are going to


bene t the maximum. Furthermore, it is
in the interest of developing countries to
welcome change by inviting MNCs of
these developed nations to have their
set-ups in developing nations in Africa
and Asian countries including India.
It is quite obvious that the

developing countries are very much
inclined towards growth and
development. They are even ready to do
the needful. But, they are clear in their
mind that it is really not possible to
economically stand-up before the
developed nations. In other words, these
developing nations need support and
collaborations to carry forward the
process of development. Having
considered that, these developing
countries must not plunge into the
bandwagon of collaborations, free trade
and entry to MNCs and providing them
all that they feel like while are operating
in the host country. Developing countries
like India must not ignore the fact of
promoting and sustaining the Small
Scale Industries (SSIs). It is correct to
say that Globalization will turn the whole
world into a global village wherein


everything is accessible with the best
quality and competitive price. But, it is
just one ip of the coin. If globalization is
fully adopted by any of the developing
nation, her SSIs will perish for sure as the
same will not be capable enough to
withstand the stiff competition by
international brands and promoters.
Hence, protecting the interest of our own
SSIs is also a pertinent necessity of the
government.
Small Scale Industries (SSIs)
Small scale enterprises have been

the part of Indian business since ages.
But there was a difference. As compared
to the present SSIs, they were different in
their form in the olden days. The form
was more of conventional knowledge
and skill based products. These products
were made by the local people for their
own self consumption and su ciency in
rural parts of the country. But the
scenario has dramatically, changed as
SSIs are no more run to just self
consumption but it is seen as a potential
base for running business and the same
to be exported in different countries. The


ambit has been widened. Even the
government has its own policy to protect
and promote SSIs against the impact of
global market. According to the
government, an industrial unit having the
investment in xed cost and machinery
without crossing the limit of Rs. 10 lakh
may be considered under the SSIs
category. Post-independence, the
government had taken a number of
measures to promote SSIs due to its low-
cost of capital. Govt believed in its
potential of generating employment and
also engaging skilled workers helping
them to fend for themselves and for their
families. In addition, the training was
minimal as it required mediocre technical
knowledge and also minimal
infrastructure. Therefore, the govt left no
stone unturned to promote SSIs in both
urban and rural upliftment. Gradually,
India started becoming self-reliant as
both urban and rural population got
engaged with SSIs and entrepreneurship
started ourishing.
But, unfortunately the trend got

changed due to the external or foreign
impact of industrialization. India, too


became the part of it by adopting various
strategies to set-up heavy industries
incurring huge cost and machineries.
Thus, the attention got diverted from
SSIs to heavy industry. The government
had the notion to nd a long-term
solution of employment for the common
man and generating wealth by setting-up
heavy industry, although having huge
money involvement in the initial days.
But the initiative took longer years to
yield fruitful results.
By 1991, the govt decided to open

up the economy thereby allowing foreign
investment and promoting international
trade. Govt believed that doing so will
enable the local players to compete with
international competitors thus, driving
them to be more quality conscious and
producing cost-effective products and
services. Government knew that the
ultimate bene ciary is going to be the
customer. All this while, SSIs got
completely hampered due to the
negligence on the part of government. It
was also because of the despair on the
part of private players, responsible to
push SSIs in their own local areas. Due to


the invasion of foreign business players
in developing countries like India, SSIs
had no other choice but to struggle in the
stiff competition or else to get washed
out of the market. The scenario turned
bad to worst, when the government
approved the introduction of Special
Economic Zones (SEZs) wherein the
MNCs were given enough leeway to
operate in the local market through
umpteen positive measures bene tting
them in the smooth running of their
operations in India. All these measures
nally endangered the existence of SSIs
in India.
Globalization in India is not a

negative force embraced by the Indian
government. It does have its own
bene ts and we, as a nation have been
bene tting a lot but there has to be a
balance between the local players and
operations of MNCs in India.
Globalization has actually pushed India
forward and placed among the elite
countries of the world. But, in order to
sustain the position and also to become
a superpower in the world; economically,
culturally and politically, India must not


ignore the core strength of promoting
and developing small entrepreneurs thus,
giving impetus to Small Scale Industries
to survive and ourish in its own land of
opportunities ie; India.
Cite This APA MLA MLA7
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(2011, 06). Globalisation Would Finish Small Scale Industries in

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9/12/2020 Free Essay: Globalisation Would Finish Small Scale Industries in India

Globalisation Would Finish Small Scale

Globalisation would nish small scale

The world is changing. The change

countries like USA and European DEVELOPED COUNTRY

countries have marched to conquer the CYPRUS

rest of the world, developing countries COUNTRY

have no solace but to succumb to what

these developed nations call for. Days INDIA

have gone when these developed nations

ruled by the concept of colonialism. Now,

countries, whether small or big have one

believe that dictating by ‘stick’ is no more READ MORE ›

in vogue and that a different approach or

countries dreaming to rule the weaker ...The path of small

with the developments happening across OVERVIEW) Small scale

witnessed growth and development READ MORE ›

Scale Industries (SSI). READ MORE ›

Growth of Small Scale

countries promote it by justifying that READ MORE ›

adoption of globalization by third world

the developing countries are going to

It is quite obvious that the

world into a global village wherein

Small Scale Industries (SSIs)

Small scale enterprises have been

to be exported in different countries. The

But, unfortunately the trend got

impact of industrialization. India, too

By 1991, the govt decided to open

push SSIs in their own local areas. Due to

Globalization in India is not a

culturally and politically, India must not

Cite This APA MLA MLA7

(2011, 06). Globalisation Would Finish Small Scale Industries in

Globalisation and Small Scale Industry

Problems of Small Scale Industries

Small Scale and Cottage Industries

Small Scale Industries

The Important Role Played by Small- Scale Industries in

Management of Small Scale Industries in India

Growth of Small Scale Industries

small scale industry

Not Finding What You're Looking For?

Essay topics, assignments, speeches..

n High Quality Essays

a StudyMode PRODUCTS ABOUT SUPPORT

z C B Premium Essays Company Help

©2020 StudyMode.com Center Internship

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