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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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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 T.Y.B.Com
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Thank You…… T.Y.B.Com
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