Govt de-reserves 79 items in small scale sector
The Govt has excluded an additional 79 items from a list of 114 items which can be exclusively manufactured in the small scale sector.business Updated: Feb 09, 2008 02:51 IST
The Government has excluded an additional 79 items from a list of 114 items which can be exclusively manufactured in the small scale sector.
With this de-reservation, only 35 items can be manufactured in the SSI Sector. The 79 items were excluded on February five.
The government has been de-reserving items in a gradual and calibrated manner to increase competitiveness of the industry, facilitate adequate flow of credit and upgrade technology, an official statement said today.
The move would also enable the Indian industry to compete with imports, achieve economies of scale and create job opportunities, it said.
The 35 items that would continue to be manufactured in the SSI sector include food and allied items, wood, wood products, paper, paper product, plastic product, organic chemicals, drugs, drug intermediates, other chemicals, chemical products, glass, ceramics, mechanical engineering and electrical machines, appliances and apparatus.
Number of items de-reserved in 2005, 2006 and 2007 were 108, 180 and 212 respectively.