Small Industry and Modvat-Opportunity and Threat


Small Industry and Modvat Opportunity and Threat IN all discussions on small-scale industries, it has become a ritual to refer to the ancillary system as a major instrument for promoting markets for small industries. Unfortunately, both as a result of lack of high volume production in the large-scale sector and the excess capacity that has been created in the small-scale engineering sector due to over- enthusiasm on the part of promoting agencies, the small-scale ancillary sector has now become a residuary factor in the total production system. There are hardly a few ancillaries