Ease of doing business and suitability of medium scale industries in Haryana: A study
Aman Vashisht, KC Dabas
Defines micro, small and medium enterprises under Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. Accordingly, i) a micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; (ii) A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and (iii) A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. Highlights that Haryana is among the highly economically developed and industrialised States of India. with a splendid economic growth, one of the highest per capita income index, sound industrial infrastructure, strong manufacturing base, advanced agriculture sector and vibrant service sector. Describes that new economic policy approach of Haryana' is to identify ‘target sectors’ in i) Electronics; ii) Automobiles and automobile components; iii) Handloom, hosiery and textile; iv) Food and agro-based industries; v) Amusement parks; and vii) Information technology parks. Describes various types of medium scale industries which have been established in Haryana. Discusses that the problem confronting Medium Scale Industries appears to be similar in most countries whether developing or developed. But the levels of obstacles vary from country to country, industry to industry and depend on firms’ characteristics. The reviewed literature demonstrates that medium scale industries are necessary for sustained economic growth and development of any economy including India and state of Haryana. To justify the need of present study, following literature has been reviewed.
Aman Vashisht, KC Dabas. Ease of doing business and suitability of medium scale industries in Haryana: A study. International Journal of Advanced Research and Development, Volume 3, Issue 1, 2018, Pages 717-721