ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Props or Incentives

Props or Incentives? MUCH uninformed criticism has been levelled against the Union and Stale Governments' policies intended to promote small industry. In its reply to the questionnaire issued by the Working Group on Small Industries set up by the Administrative Reforms Commission, FICCI bewails the "subjective halo" around the small industry concept, decries the parallels drawn with Japan and other countries in respect of the significance of small industries, questions small industries' claims to labour-intensiveness and their capacity to spearhead industrialisation of rural areas and, finally, opposes "props and preferential treatment, subsidies and artificial stimulations" to small industries.

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