Indian Goverment recognizing the importance of SSI's contribution to national economic development has taken many policy initiatives and started many schemes. Such policy statements are called Industrial Policy Resolutions(IPR)s. Here are some of the important IPR's
- IPR 1948 - recognised that SSI is useful in harnessing local resources and thus contribute to national income
- IPR 1956- Reserved 128 items for exclusive production under SSI; set up Small Scale Industries Board (SSIB); started "Industrial estate policy"; DIC- District Industry Centre created
- IPR 1977- classified SSI into - Cottage and House hold industries, Tiny sector, and SSI
- IPR 1980- increased ceiling to Tiny industries ( 1 - 2 lakhs), Small scale industries ( 10-20 lakhs and ancillaries ( 15-25 Lakhs); DIC replaced by " Nucleus Plants"
- IPR 1990- created opportunities for wage and self-employement; invesement ceiling increased for all categories; 836 items under reservation
- IPR 2000- Prime Minister Rozgar Yozna ( PMRY) started
- IPR 2005-06- SSI in service sector recognized;
Liberalization, privatization and Globalization policies have opened up Indian market to global players. Foriegn investement (FDI) is increasing and is created a new category of business areas. It has helped exporting SSI products and also to create Joint ventures. Sectors such as BPO are increasing in numbers
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