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Streamlining mandatory third party cover More Shakthi to Das’ elbow The ‘Jayanthi Tax.’ When the President was rendered homeless… Should we change the official year? Welcome focus on core competence EVM is tamper-proof F C Kohli - his concerns all embracing Sweeter prospects for sugar TIAM turns a full cycle IAS invades NDDB... No mega rail project for Tamil Nadu Russi Mody – a tribute CII projects higher growth… Diamond jubilee of Egmore Samskrt School Quality education through the PPP mode A welcome initiative by the judiciary Return to king coal for urea... Robber barons everywhere Tatas moving out of urea production... Which side are you, Montek? Shipping woes of Chennai companies Wise Presidents Editor's Notes R Sridhar steps down as CEO of Shriram Capital Protest masters... More heat than light Increasing non co-operation of state leaders The Jan Dhan bonanza The brown list of Venkitaramanan Intellectual of rare qualities Tatas moving out of urea production... 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China invests in India S Ramanathan – a versatile musician, musicologist Reliance’s TV – 18 ready to launch Tamil News Channel Why land prices zoom in TN? Kudos to NDTV... Towards speedy justice Revive development banks... Rs.1600 crore paper board plant of TNPL The why of tax incentives A C Muthiah – his munificent bequeaths to science No Maha Koottani in TN... Focus on quality of power - its only around 170-180V Bihar elections - the Rajaji formula worked A professional at the helm of IRDA... A rich pool of talent not utilised…. Roaring Ro-Ro facility Not just in-laws (and outlaws); they’ve renowned academics at the helm! The sea- saw battle continues... When online building permits work…. Liberal imports idling indigenous capacities TELANGANA at last…BUT Delhi returns to BJP Shaming of Tamils by Tamil farmers at Delhi Gas is the way forward Convulsions in The Hindu An inexplicable neglect The few handicaps... 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Put expensive assets created to use... Breaththrough in malaria control A friendly business group Making ‘my Amaravati’... Colour-Chem’s colourful KRVS Demise of a media baron... L&T: focus on infrastructure and more infrastructure… An enemy’s enemy is a friend Poor representation for Kerala and TN in Cabinet Tough task taking states together Recognition to role of NBFCs.... Where is Rajaji? Cleaning Ganga – relocate tanneries and install electric crematoria The Swadeshi Trump Kinetic Karnataka Sweet news for TN sugar mills West Bengal: mindless malignancy Noble nonagenarians... The Gulf aviation boom Excel Generators provide the vital back-up Tribute – UCAL Selvan… Revving up the manufacturing sector Banning booze... Godspeed, Chief Minister JJ PC’s preference for professionals Like Hinduism: many paths to reach God... Build close rapport with business leaders A yen for wastage… Multi-faceted Venkat Fortune for Indian Airlines Delhi Chalo... More tributes to GR Music happens London, London Narayan Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Silver Years of Madras Musings
 
Small units prefers to remain small...
Ahluwalia pointed to the absence of medium-sized companies that employ 50-300 that would contribute to healthy growth of the manufacturing sector. Either business enterprises are too small or too large, he said. Jawahar Vadivelu, President-SICCI, attributed this to the difficulty of entrepreneurs to exit businesses: “not only it particularly difficult to start or exit a business, India is lagging even with respect to the ease of doing business. India currently ranks 137 of 185 countries in terms of ease of doing business. A direct consequence is that small and medium - sized firms tend to remain that way for much too long, leaving them vulnerable to external challenges.  Incentives are not there for firms to graduate to the organised sector where they have the capacity to grow. Instead they chose to remain inside the radar and chose to remain small.”
Till the 1990s there was a reservation of close to 800 items to be produced only by the small sector. There were exemption limits for excise duties and sales tax that again resulted in small businesses remaining small.  But the policy swung to the other extreme from the late 1990s; it eliminated at one stroke bulk of the special incentives and priority sector treatment given to the small sector. This resulted in the sector reporting pervasive sickness in the vital small and medium industry segment that remains the backbone of the manufacturing sector in several developed countries.

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