Business Environment, 1st Edition by Pearson

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Part VI: The Industrial Sector

way of loans and credit has contributed immensely to the growth

of the private sector. Several development banks, fi nancial institu-

tions and mutual funds including the LIC, Unit Trust of India, and

IDBI have contributed to the growth of innumerable companies

in the private sector. Likewise, several public sector units such as

the Hindustan Machine Tools, Bharat Heavy Electrical Limited,

etc., have helped private sector units with requisite technology

and instrumentation.

(v) Removing exploitation in trade : Small-scale entrepreneurs’

progress in developing countries is constrained by their lack-

ing in marketing facilities and commercial intelligence. As a

result, they are exploited by intermediaries ...