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Home News News and Press Release Month 10 2008 2008 (10) This |
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De-Reservation of 14 items from items reserved from SSI Sector |
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16-10-2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
De-Reservation of 14 items from items reserved from SSI Sector The Government has taken major policy measures since the early 1990's for making Indian industry, including its crucial Small Scale Sector, competitive to unleash its growth potential. One of the crucial measures have been the gradual and calibrated removal of restriction in the form of reservation of items to be exclusively produced in the Small Scale Sector. This policy has been undertaken essentially to: To increase the competitiveness of industry. * To facilitate adequate flow of credit. * To upgrade technology so that the product produced are of world class and competitive in the global market. * Enable Indian industry to compete with imports. * To achieve the economies of scale. * Promote creation of job opportunities The pace for de-reservation of the items has accelerated since 2005. Number of items de-reserved in 2005, 2006 and 2007 were 108, 180 and 212 respectively. In February 2008, 79 more items were de-reserved. Thus, from 2005 onwards Government has de-reserved 579 items and only 35 items were remaining for exclusive manufacture in the SSI Sector. The Government has decided to further de-reserve another 14 items. With this de-reservation, only 21 items will remain in the list of the items which can be exclusively manufactured in the Small Scale Sector. The list of 14 items de-reserved on 10th October, 2008 is as below
LIST OF ITEMS DE-RESERVED ON 10.10.2008 FROM THE LIST OF ITEMS FOR EXCLUSIVE MANUFACTURE IN SMALL SCALE SECTOR
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