Stumbling blocks in developing entrepreneurship through industrial growth centre, Lassipora: an exploration Online publication date: Tue, 02-May-2023
by Ajaz Ahmad Ganaie; Anjali Mehra; Jinny Sharma
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 19, No. 3/4/5, 2023
Abstract: To promote the development of industrially backward areas Government of India announced setting up of 71 Industrial Growth Centres in 1988, one of which was set up at Lassipora in Jammu and Kashmir. The present study focuses on the development of entrepreneurial spirit and the obstacles faced by the entrepreneurs while setting up their units at Lassipora. The results showed that setting up of IGC-Lassipora not only encouraged the local entrepreneurs but also increased employment opportunities. Through the use of Garrett ranking technique, it was seen that the budding entrepreneurs faced inadequate technical consultancy as the major hurdle, followed by inadequate financial assistance, corrupt practices, delay in acquiring land, delay in getting power, delay in getting registration order, shortage of labour, delay in machinery, shortage of raw material and slackness of market, which hindered their development efforts.
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