By IANS
New Delhi : The central government Friday excluded 79 items from the exclusive list reserved for the small-scale industry (SSI) sector with a view to increasing the sector’s competitiveness and facilitate adequate credit flow.
Since 2005, the government had excluded or de-reserved 500 items, leaving 114 on the list. With the latest decision, only 35 items can be exclusively produced in the SSI sector.
The de-regulation move would enable the SSIs to upgrade its technology and compete with imports, an official statement said.
This would also help the sector achieve the economies of scale and create employment opportunities, it said.
The remaining 35 items that would be produced by the SSI sector are food and allied items, wood, wood products, paper, paper products, plastic products, organic chemicals, drugs, drug intermediates, other chemicals, chemical products, glass, ceramics, mechanical engineering and electrical machines, appliances and apparatus.
The government has de-reserved 108, 180 and 212 items in 2005, 2006 and 2007 respectively.