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Our Bureau,

Bangalore , Oct. 29

THE small-scale industry needs to evolve business models based on consolidation of scale and leverage the talent pool of like-minded professionals to face competition and expand its reach in the international market.

With its undiminished potential as a key source for exports, entrepreneurs should shun the fragmented-units approach and aim at viable scales with appropriate technology and investments.

Making this suggestion at a meeting with the Karnataka Small-Scale Industries Association (KASSIA), the Chief Secretary, Mr B.S. Patil, said world perception of the small scale industry was fast changing and Indian entrepreneurs should become dynamic and viable, unlike in the past when small units depending on few big enterprises rest content with little attention to move with the times.

He said entrepreneurs endowed with different acumen in finance, technology and management should pool their resources to build a new business model in the SSI sector to become competitive.

The SSI sector accounts for 40 per cent of total exports, amounting to Rs 27,000 crore.

Entrepreneurs should look forward to building units of viable size than small units, Mr Patil said, adding that such a proposition would also attract lending institutions.

Mr Patil, addressing the members of KASSIA, said the associations had an important role to play in acting as a pressure group to ensure timely implementation of programmes announced by the Government in its bid to give a fillip to industrialisation.

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