Small Scale Industry Day - Bharti Rao

India is a land of festivals where several events, important days are celebrated with full enthusiasm. All the days have their own importance. Small Industry Day is celebrated every year on 30th August. This day is celebrated with the aim of promoting Small Industry and providing employment opportunities to the unemployed. A small industry has an important role in economic development in a developing country like India. Keeping in mind the strategic importance in the overall economic development of India, special emphasis has been given to the need for the development of small scale sector.
The civilization and culture of the country are protected through Small Industry. Art and traditional goods are mostly produced by small industries and mostly these industries are based on labour-intensive technology, which reinforces the spirit of mutual goodwill, equality and fraternity in the industries.

The recent COVID-19 pandemic has proved to be a game-changer for the majority of small scale industries.. It has changed the way they behave and perceive things. Many of their habits have changed. They are experiencing a new world altogether. This unexpected and adverse shift in habits and mindset has impacted the economies heavily. Many have taken a bad hit. But in some cases, the results are exponentially positive. So the adaptability and creative decision making will play a key role in the sustainability of the enterprises.

The workers have turned digitalized and they have adapted themselves to new skills and have upgraded themselves. The most important factor is that they have taken a step to be self-reliant and increase their growth by establishing small scale cottage industries. The trend of policy support from the government for the small industry will be helpful and favourable for the development of small enterprise-class.

Bharti Rao
The Fabindia School

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