1. Prof. Arjun B. Bhagwat S. M. Joshi College, Hadapsar, pune-28
Importance of Industrial Estate
Prof. Arjun B. Bhagwat
S. M. Joshi College, Hadapsar, pune-28
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2. 1. Common Facilities in Low Cost
IE provides infra. Facilities like power, water,
sanitation, transportation, security, repairs,
banking, postal services, technical consultancy,
insurance………..
Such facilities are availed in common & cheap rate
None of the industrial unit has to bear independently
This activity saves the capital investment
Also helps the owner to run his unit in an economically manner
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3. 2. Risk Reduction Units in IE face less risk than other large units
They get infrastructural facility at low rate
Insurance & security services are available easily
Technical, marketing & financial consultancy and advice exists
The govt. also make policy guidelines to support & protect
Owners help in respect to solve problems of other units
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4. 3. Co-existence and interdependence
All units in an IE get linked with each others through production
The output of one unit becomes the input of another units
The staff of some units render useful services to other units
There is some type of business combination & outsourcing
Collaborative, joint venture, commercial & technical alliances
This makes expansion of production, sharing of work and
Also responsibility & undertaking mutually beneficial activities
Big work order can be obtained by large unit & shared by small units
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5. 4. Saving of Time & Money
IE provide common facilities, amenities & services
Which enable them to run them economically & efficiently
The units develop co-operation among each others
The management committee of IE is an elected body
Which looks after the problems of the small units
This spirit of co-operation gives them strength to fight with problems
The unit-owners organize & collectively make efforts to solve their
problems
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6. 5. Development of Small Scale Industry
Small industrialists have limited capital
Due to which they can afford to spend on development of facilities
The absence of these facilities the efficient functioning of an unit is not
possible
IE provide these facilities in common to all units
Also cost of its development & maintenance is shared by all units
Naturally, the small entrepreneur can enjoy these facilities in low cost
Entrepreneurs can run their units smoothly and efficiently
This results in to expansion and development of small industry
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7. 6. Employment Generation
IE encourages self employment & entrepreneurship
It helps the small scale industry to develop fast
Thus, it widens up employment opportunities
It also helps for the devt. of complementary industry
Even the service industry also starts developing
When units are setup in IE, they require services
(repairs, transport, insurance, Marketing, legal-technical-finance, advertise, warehouse)
This service sector also provide employment opportunities
IE thus cause to open up a wide spectrum of employment opportunities
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8. 7. Regional & Balanced Development
Govt. establish industry in economic backward & undeveloped regions
Then, it offers subsidies, tax concessions & variety of benefits to units
This activity attract entrepreneurs to start their units such place
This process initiates industrialization & devt. of such backward regions
It also help for the decentralization of industries
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9. 8. Development of Entrepreneurship
Infrastructural facilities available easily & cheaply
Industrial Estate done this
IE help to strengthen the backbone of entrepreneurship
IE creates nature & culture of entrepreneurship
It prepares the claimants for entrepreneurship
It inspires, supports & protects entrepreneurship
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10. 9. Non-conventional Entrepreneurships
IE attract the ambitious people towards entrepreneurship
The people who do not have the family background of business
Also become first generation entrepreneurs
Due to the facilities and amenities of IE
Without IE the desire of enterprise of such people merely as a dream
IE helps & deep percolation of the spirit of enterprise throughout the
society
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11. Thank You……
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