Bad effects of SSI on our Economy
About SIDO • • • •
SIDO was the first Small Scale development agency in India. It was established in 1954 on the basis of recommendations by Ford Foundation. It has over 60 offices and 21 autonomous bodies under its management. These bodies include Tool Rooms, testing centers, entrepreneurship development etc
Some astonishing facts •
100,000 rupees of investment in fixed assets in the small scale sector generates around employment for 4 persons.
Some astonishing facts •
Per unit employment was the highest (20) in metropolitan and (10) in urban areas. Whereas in rural areas it was (5)
Some astonishing facts •
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Every year SSI produces around 200,000crore rupees of export material out of which only 50,000crore rupees of material is exported. Rest all is purchased by the government.
Some astonishing facts •
SSI creates around 100 types of export quality goods, out of which only 16 types are exported.
Some astonishing facts •
Every year government spends around 100-200crore rupees in creating markets for SSI.