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A continuous growth and development of companies in this segment ensures a balanced growth of the economy and acts as a facilitator towards entrepreneurial development, business ownership and related wealth creation, employment generation etc.
The post-liberalisation business environment has become harsh for the small and medium scale industries sector because of increased internal and external competition. In addition, the far-reaching impact of the various WTO norms are now threatening to further affect the fortunes of small and medium enterprises. Unfortunately, despite sufficient notice and the growing awareness of the impending threats, the small and medium scale sector does not appear to be adequately prepared for the new challenges...
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