Growth and Prospectus of Small Scale Industries in Gulbarga, Hyderabad-Karnataka region in India
There are many small scale industries in India, that are potentially going to be a large business through proper planning development in every district, specifically in Gulbarga, Karnataka-Hyderabad region. In this connection, the Small Industries Development Organization, Ministry of Small Scale Industries in India has been exerting its best effort to plan for a speedy industrial development among these regions. Furthermore, the objectives of this plan are in order to give emphasis on the strength, capital, scope and potentials in each region. In the same manner, it also aims to promote industrial explosion in the different areas. Additionally, it also targets to promote great infrastructural development for the next five years. And, the government’s objective is to make these districts the center of modern trade zones in the country. According to Minister Katta Subramanya, Rs 100 crore will be spent annually for five years in order to materialize this dream of remarkable industrialization in the regions.
(http://news.oneindia.in/2006/10/17/karnataka-to-set-up-special-economic-zones-in-bidar-and-gulbarga-1161104632.html)
In this connection, the numerous achievements of these small scale businesses have paved the way to the Chamber of Commerce and Industry in Gulbarga to discuss all the factors that will help in making the regions as tourist spots in the country. By this way, they also think of the useful way to add more jobs to the local people there. Various agencies in the government have been busy of conducting meetings and discussions on the extensive preparations of the said biggest project so far in Kanataka. Moreover, the list of group of entrepreneurs that will benefit on this project are Potato Chips Manufacturer, Masila Power, Papad Manufacturing, Agro Clinics, Dal Mill, Oil Mill, BMP Milk Products, as well as workshops and repairing shops in the service industry. Likewise, the chemical, mechanical and IT/BT industries are also the highest potential market of this big expansion. Thus, the target potential entrepreneurs preferred to have formal education. And, they should have a capital investment of Rs 5000 to Rs 25000. Projects with investments of Rs 5 lakhs above are from educated entrepreneurs that are financially capable of sustaining the future expenses in the markets. While entrepreneurs who are not capable of rising the amount of capital are usually the low-income group of entrepreneurs; who also have not able to finish their formal education. And, the remedy for this situation is to give them generating self-employment ventures that will give them adequate income as well. Aside from that policy, the entrepreneurs are required also to acquire technical assistance from the technical experts for the proper guidance and preparation of their project reports and financial recording from business professionals.
(http://news.oneindia.in/2006/10/17/karnataka-to-set-up-special-economic-zones-in-bidar-and-gulbarga-1161104632.html)
In view thereof, an action plan is being scrutinized in order to provide all the essential services needed for the establishment of the project. Consultancy, technical services, financial assistance and general motivation and support system are all essential factors that the entrepreneurs need to get favorable results from the industrialization program in India. However, a lot of entrepreneurs need to undergo proper trainings and seminars, in order to develop their business knowledge and skills in the industrial field, in order to achieve this project effectively and successfully in the country. Accordingly, to be able to achieve the goals of being one of the industrialized countries in the world, India must have to inject operational mechanism such as identifying an appropriate location for all business transactions among establishments and business owners, and this is the Knowledge Center for all entrepreneurs’ business activities. Prior to that, all agencies should take action plan based on the number of entrepreneurs involved in the project. The knowledge center will also provide full entrepreneurial assistance to all qualified small business scale owners. They will be given proper business contacts and links to all the programs offered in the organizations; for further motivation and technical information and assistance. Relatively, the agenda of this knowledge center is to identify and approve every project and to formulate a system that wills asses the qualification of the entrepreneurs. Likewise, be able to prepare a time frame for the actual implementation of the project. At the same time, to be able to evaluate what is appropriate help or assistance is still needed by each individual in order to commit them in the organization. Besides, it is the task of the center to do regular monitoring system of all activities among the entrepreneurs. The credit facilities and financing programs for the entrepreneurs will be available for the small scale entrepreneurs in order to have a start-up fixed and operational capital of the industry.
http://www.sbhyd.com/contactus_faqsmlsclindustry.asp
References:
(http://news.oneindia.in/2006/10/17/karnataka-to-set-up-special-economic-zones-in-bidar-and-gulbarga-1161104632.html)
(http://news.oneindia.in/2006/10/17/karnataka-to-set-up-special-economic-zones-in-bidar- http://www.sbhyd.com/contactus_faqsmlsclindustry.asp
and-gulbarga-1161104632.html)
Credit:ivythesis.typepad.com
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