Description

INTRODUCTION

Section I

1.1 General Background

Industrial development plays a crucial role in the development strategy of

any country. The momentum gamed by industrial progress during the last fifty years

is a striking feature of Indian industries. Many changes have taken place in our

industrial growth and development, which is an outcome of changes that are

taking place in the social, political, and economic environment of the country.

During the early 1950s, the process of industrialization began as deliberate and

conscious efforts on the part of the government to pave the way for the process

of economic development. This can be achieved both by collective and

individual efforts which are two different forms of entrepreneurship. "The key

factor in the process of industrial development is initiated and nurtured by

entrepreneurship.