Turnaround Strategies for Industrially Sick Micro And Small Scale Units: An Empirical Study

Abstract

The micro and small scale industries played an important role in India s economic growth since 1947. Recently this important sector of the economy is plagued with the problem of industrial sickness as around l00,000 units are sick with Rs. 36,200,000,000 of banking sector funds are locked in them. The present study analyses the problem of industrial sickness in micro and'small scale sector of an underdeveloped region such as Marathwmla of the Maharashtra State. The present research, after studying the. fifteen sick units, three of which are successfully turned. a. round, proposes a turn around flow process model. Such model will act as a pgthjinder to 'Bick micro and small unit owners. This model will helpful in reducing the infant mortality anti morbidity amongst the sick micro and small scale industries.