Environmental Enterprises:India
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Micro, Small and Medium Enterprises in India: Overview
The development of Micro, Small and Medium Enterprises (MSME) has been one of the major planks of India’s economic development strategy since independence. The SME sector occupies a place of strategic importance in Indian economic structure due to its considerable contribution in terms of output, exports and employment. By the end of fiscal year 2001–2002, there were 3.4 million small-scale industry units, accounting for more than 40% of the gross value of output in the manufacturing sector, about 35% of the total exports and provided employment to over 19.2 million persons, which is second only to agriculture
MSMEs constitute an important segment of the Indian economy in terms of their contribution to the country’s industrial production, exports, employment, and creation of an entrepreneurial base. In India SMEs contribute ~40% to industrial production and ~6% in GDP. This small-scale sector has maintained a higher rate of growth vis-à-vis the overall industrial sector.
Environmental Enterprises
The environment industry consists of two main segments, namely, the service segment and equipment segment. The distinction between environmental services and goods, though clean on the outset, may not always be so. There are significant overlaps in activities and often the two segments are provided on an integrated basis. For instance, technology, designing and engineering of waste treatment system fall under environmental services, but the provision of these environmental services is often integrated with the provision of the associated equipment. Firms providing environmental goods also provide environmental services as varied as project design and management, engineering, construction, equipment operation, and maintenance of utility facilities. Moreover, the provision of environmental services can be embodied in another product, such as computer programme for environment-related activities contained in a computer diskette or a video film containing instructions regarding environmental safety. Thus, it is difficult to neatly distinguish between the equipment and services segments in this sector.Indian environment industry is nascent; it has made progress in conventional and advanced technologies both on its own and through joint ventures with foreign manufacturers. The sector has begun to expand to include conservation, resource recovery and waste utilization technologies. The new, as well as upgraded environmental regulations pertaining to disposal of industrial wastes, municipal solid wastes, noise pollution etc, For instance, some domestic firms have emerged in refuse treatment and disposal service, especially in composting of municipal solid wastes, like Excel Industries.
Overview of Environmental Enterprises:India
The following table shows an overview of the environmental enterprises in India
See also
- Khosla and Development Alternatives (2008) Exporting Green business Solutions from India: A Study for UNCTAD, WTO ITC
- Singh, Sandeep, “Trade Preferences and Growth of Environmental Industry: Issues and Implications for India”, Indian Journal of Economics & Business, Vol. 3, No.2, 2004, p. 293)
