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.