Munich Personal RePEc Archive

Industrial Development Of U.P. : In The Aftermath of Globalization

Pandey, Adya Prasad (2012): Industrial Development Of U.P. : In The Aftermath of Globalization.

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In the aftermath of globalization it is now, perhaps, industry alone – especially small scale industry – that holds the pass – key to employment and economic progress, which accounts for the high priority assigned to the growth and development of the small scale industry both by central and state Governments. A number of schemes have been initiated by the various state governments to attract prospective entrepreneurs to their own parlors. After Gujarat and Maharastra , Uttar Pradesh has had the distinction of having received the largest number of letters of intent (LOI) and industrial entrepreneurial memorandum (IEM). The U.P. government is resolved to change Uttar Pradesh into “Udyog Pradesh” and its policies in regard to export and minerals deserves a little more than casual notice. To attract the maximum capital investment in the state, non- resident Indians have been singled out of certain special concessions. Likewise to ensure private sector participation in major industrial projects the development of Industrial corridors, marketing of products of small scale industries through private agencies, creation of the single – table system and technology mission are being employed as instruments of growth of important industrial groups in the state. The comparative pictures of data reveal that the industrial policies evolved by the Government of India have put the whole SSI sector into hot water. This is purely because of policy of liberalization and Globalization put to operation indiscriminately. In order to bring about even distribution of of SSIs in different regions of the country to encourage and help the prospective persons to establish SSIs in backward areas. The only way to liberate the SSI in the country is to evolve a policy of easy credit, marketing, tax free period, reservation of products for manufacturing. Delicensing , lessening of bueracrating control, up gradation of technology etc.

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