Despite the steady growth in the small-scale sector as reported by government statistics, there is the need for innovative strategies to promote long-term sustainable growth. To combat periodic recessions, the need of the hour is a collaborative approach between the centre and state government, local industry associations and the small-scale units. Such a public-private partnership (PPP) will help erase substantially present constraints faced by small-scale units in areas of manpower availability, infrastructure and access to credit.
