Technology - Finance - Entrepreneur Linkage
Ramachandran, K.
- 1994
Industry plays a critical role in the development of backward areas through structural changes in the local economy and higher value addition. Governments, both at the central and state levels have been actively promoting location of industries in these high risk areas through a carrot and stick policy for the past twenty years. While licensing regulations force large firms to move into backward areas, there are attractive financial incentives which lure all kinds of firms to locate their operations in such areas. In the non-farm sector, these incentives have taken the forms of direct finance and creation of economic infrastructure such as industrial estate, power, water, transport and communication facilities. The underlying assumption here is that shortage of these factors has been the stumbling block of development, and once their supply is taken care of, the local economy would witness a multiplier effect of development. Implicitly, the role of technology in the accelerated development process of a region is always not appreciated. While economic factors are necessary survival inputs, technological factors are required to provide competitive inputs through better products...
Finance Business Technology Technology And Business In India Indian Entrepreneurship India Entrepreneurship Research Entrepreneurship National Seminar On Current Research In Biennial Conference Papers