Sick Industrial Companies: Is rehabilitation the Answer?

Jun 16th, 2015
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"The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it." Industrial growth in India is guided by the Industrial Revolution of 1956. The problem of industrial sickness has been growing at an annual rate of about 28% and 13% respectively in terms of number of units

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Sick Industrial Companies: Is rehabilitation the Answer?Abhishek Kumar & Sidhartha MahopatraINTRODUCTION"The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it."- Debbie Fields, Founder of Mrs. Fields CookiesIndustrial growth in India is guided by the Industrial Revolution of 1956. The problem of industrial sickness has been growing at an annual rate of about 28% and 13% respectively in terms of number of units and outstanding number of bank credit. It is reckoned that as of today there are more than 2 lakhs sick units with an outstanding bank credit of over Rs 7000 crore nearly 29000 units are added to sick list every year.It seems that the deterioration of the sick industries appears to be faster than the growth of sick industries.Industrial sickness especially in small-scale Industry has been always a demerit for the Indian economy, because more and more industries like cotton, Jute, Sugar, Textile small steel and engineering industries are being affected by this sickness problem. Loss making industries, both in the private sector and public sector are contributing for the downfall of industrial economy.There has been an increase in industrial sickness, both in the large and small sectors, in India. By consoling that this is, to some extent, a corollary of industrial growth, one shall not belittle the seriousness of the problem. Industrial sickne

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